Insurance Proceeds Accounts definition

Insurance Proceeds Accounts means any of the KED Insurance Proceeds Account, the KEG Insurance Proceeds Account, the KEI Insurance Proceeds Account, the KEO Insurance Proceeds Account, the Borrower Insurance Proceeds Account and any account deemed to be an "Insurance Proceeds Account" in accordance with clause 20 (Bank Accounts and Cash Management) and which is secured in favour of the Secured Parties, each an "Insurance Proceeds Account".
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Insurance Proceeds Accounts means an account titled "Insurance Proceeds Account" opened by XXX on behalf of the Borrowers and held at the Borrower Account Bank and includes any sub-account relating to that account and any replacement account from time to time.
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Insurance Proceeds Accounts means (x) the account maintained in the name of the Issuer and pledged to the Trustee into which the U.S. Manager causes amounts received by a U.S. Securitization Entity to be deposited pursuant to Section 5.10(d) of the Base Indenture or any successor account established for the Issuer by the U.S. Manager for such purpose pursuant to the Base Indenture and the U.S. Management Agreement and (y) the account maintained in the name of the Canadian Co-Issuer and pledged to the Trustee into which the Canadian Manager causes amounts received by a Canadian Securitization Entity to be deposited pursuant to Section 5.10(d) of the Base Indenture or any successor account established for the Canadian Co-Issuer by the Canadian Manager for such purpose pursuant to the Base Indenture and the Canadian Management Agreement.
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Examples of Insurance Proceeds Accounts in a sentence

  • The Contractor is to receive and destroy, through a longstanding proven and licensed HCH waste disposal technology, an amount of 1,601 tons of the HCH waste and the by-products generated during the treatment.

  • Application of Proceeds All insurance proceeds received by hubco under the Insurances referred to in Schedule Part 1 (Definitions and Interpretation) and [ ] of Section 153 of Schedule Part 12 (Insurance Requirements) shall be paid into the Insurance Proceeds Account and shall be applied in accordance with this Agreement and in accordance with the Insurance Proceeds Accounts Agreement.


More Definitions of Insurance Proceeds Accounts

Insurance Proceeds Accounts has the meaning given to such term in the Project Accounts Agreement.
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Insurance Proceeds Accounts means, collectively, the Albion Insurance Proceeds Account, the Bloomingburg Insurance Proceeds Account and the Linden Insurance Proceeds Account.
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Insurance Proceeds Accounts. ’ means the accounts named the ‘‘MBIA Insurance Proceeds Account’’ and the ‘‘XLCA Insurance Proceeds Account’’ in the name of the Security Trustee established and maintained by the Security Trustee with the Account Bank pursuant to the Common Security Agreement.
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Related to Insurance Proceeds Accounts

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

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Asset Sale Proceeds Account means one or more deposit accounts or securities accounts holding the proceeds of any sale or disposition of any Notes Collateral.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Net Insurance Proceeds Insurance Proceeds, to the extent such proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the express requirements of the Mortgage or Note or other Loan Documents included in the Mortgage File or in accordance with the Servicing Standard, or with respect to the environmental insurance policy, applied to pay any costs, expenses, penalties, fines or similar items; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Insurance Proceeds” under this Agreement shall be limited to any related Insurance Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Collection Accounts As defined in Section 3.10(a).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.