Examples of Lessee Revenue Account in a sentence
All income, receipts, and proceeds included in the definition of Gross Hotel Income shall be deposited into Lessee Revenue Account.
All receipts and income, including, without limitation, Gross Hotel Income shall be promptly deposited in the Lessee Revenue Account.
Each of the Borrower Revenue Account, the Capital Improvements Account and the Lessee Revenue Account shall have been established to the reasonable satisfaction of the Administrative Agent.
Upon delivery by the Collateral Agent to OpCo II of a Notice of Suspension and until written revocation of such Notice of Suspension is delivered to OpCo II by the Collateral Agent, any amounts in the Lessee Revenue Account shall be invested from time to time, solely in such Cash Equivalents as the Collateral Agent may direct.
Notwithstanding anything contained in this Agreement or any other Financing Document to the contrary, the Accounts Bank may rely and shall be protected in acting or refraining from acting upon any instruction, direction, notice, certificate, request or requisition of the Borrower (with respect to any Borrower Account), OpCo II (with respect to any Lessee Revenue Account), the Administrative Agent or the Collateral Agent.
The Accounts Bank shall have no liability for, nor any responsibility or obligation to confirm, the use or application by the Borrower, OpCo II, Administrative Agent, Collateral Agent or any other recipient of amounts withdrawn or transferred from any Borrower Account or the Lessee Revenue Account.
The Accounts Bank further agrees to accept and hold, as securities intermediary or as a bank, in its custody and in accordance with the terms of this Agreement, for the Collateral Agent, on behalf of the Senior Secured Parties, the Borrower Accounts and the Lessee Revenue Account and the Accounts Property.
The Accounts Bank will use the same care with respect to the safekeeping and handling of property held in the Borrower Accounts and the Lessee Revenue Account as the Accounts Bank uses in respect of property held for its own sole benefit.
The Lessee Revenue Account shall have been established to the reasonable satisfaction of the Administrative Agent.
The Accounts Bank hereby accepts this appointment and agrees to act as the depository for the Collateral Agent, on behalf of the Senior Secured Parties, and as the securities intermediary or bank with respect to the Borrower Accounts and the Lessee Revenue Account, for the benefit of the Collateral Agent, on behalf of the Senior Secured Parties, in accordance with the terms of this Agreement.