Insurance Proceeds Account definition

Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

Insurance Proceeds Account means the account maintained in the name of the Master Issuer, subject to an Account Control Agreement, and pledged to the Trustee into which the Manager causes Insurance/Condemnation Proceeds to be deposited.

Insurance Proceeds Account means the account maintained in the name of the IHOP Issuer and pledged to the Trustee into which the Manager causes amounts to be deposited pursuant to Section 5.9(f) of the Base Indenture or any successor account established for the Co-Issuers by the Manager for such purpose pursuant to the Base Indenture and the Management Agreement, including any investment accounts related thereto into which funds are transferred for investment purposes pursuant to Section 5.1(b) of the Base Indenture.

Examples of Insurance Proceeds Account in a sentence

• In respect of the insurance under this Policy of loss of revenue risks only All claim payments or return premiums shall be paid to the Insurance Proceeds Account or such other account as the Security Agent directs in writing.

• Any return premiums shall be paid to the Insurance Proceeds Account or such other account as the Security Trustee directs in writing.

• In respect of the insurance under this Policy of third party liability risks only All claim payments in respect of a third party liability shall be paid to person(s) whose claim(s) constitute the risk or liability insured against except in the case where the Insured has properly discharged its liability to such person(s), in which case the claim payment shall be paid to the Insurance Proceeds Account or such account as the Security Trustee directs in writing.

• The description of the operation of the Partnership Transaction Account, the Partnership VAT Account, the Partnership Disposal Proceeds Account, the Partnership Insurance Proceeds Account and the Partnership Distribution Account (all such accounts, being the "Partnership Accounts") and the General Partner Corporation Tax Reserve Account (as defined below) in this section will only apply prior to the enforcement of the Partnership Level Security.

• Not later than the date of Delivery (for this purpose clause 8.2(h)(ii) shall not apply), Clepco shall establish an account to be known as the Insurance Proceeds Account and thereafter maintain such account in its name and, whilst the Project Debt is outstanding, in the name of the Security Trustee with a financial institution nominated by Clepco and approved by the State (such approval not to be unreasonably withheld) or with a financial institution which is a party to the Master Security Deed.

More Definitions of Insurance Proceeds Account

Insurance Proceeds Account means the special account designated by that name and established by the Administrative Agent pursuant to the Deposit Account Agreement.

Insurance Proceeds Account has the meaning given in Section 7.9.1.

Insurance Proceeds Account means the special account designated by that name established by the Administrative Agent pursuant to Article VIII.

Insurance Proceeds Account means the account designated by that name established by Borrower with Depositary pursuant to Section 2.1.

Insurance Proceeds Account has the meaning given to it in the Senior Facilities Agreement.

Insurance Proceeds Account means the Mandatory Prepayment Account or Holding Account into which Insurance Proceeds or, as the case may be, Excluded Insurance Proceeds are required to be paid pursuant to Schedule 4 (Mandatory Prepayment).

Insurance Proceeds Account. The Securities Account established and maintained by the Paying Agent in the name of the Borrower Representative and entitled “JPMorgan Chase Bank, National Association, as Paying Agent, in trust for the Borrowers — Insurance Proceeds Account # 690882128” or such other account established at the Paying Agent (or any successor) as may be designated in writing from time to time by the Agent, and at all times subject to an Account Control Agreement.