Maintenance Account definition

Maintenance Account means an account opened by the Bank to record/deposit any Collateral by way of margin calls;

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Maintenance Account means an account required to be opened and maintained by a developer, joint management body, management corporation or subsidiary management corporation under this Ordinance;

Maintenance Account has the meaning given to such term in paragraph 1.13(a) of Schedule 6.2 (Essex Thameside Franchise Specific Provisions);

Examples of Maintenance Account in a sentence

• Amounts on deposit in the Yield Maintenance Account shall not be invested and shall not be held in an interest-bearing account.

• The Servicer shall deliver to the Trustee an annual statement showing (x) the amounts received by the Trustee, in its capacity as owner of the Yield Maintenance Account for income tax purposes, as payments on the Yield Maintenance Agreements, and (y) the amounts paid to Certificateholders from such amounts received.

• The Yield Maintenance Account shall not constitute an asset of any REMIC hereunder.

• The Trustee shall withdraw from the Yield Maintenance Account and pay to itself any amounts remaining in the Yield Maintenance Account after the Final Yield Maintenance Payment Date.

• The Servicer shall indemnify the Trustee to the extent that any tax liability of the Trustee, in its capacity as owner of the Yield Maintenance Account for income tax purposes (including the amount of any tax liability resulting from the indemnity payment), exceeds the net funds (that is, the excess of the amount in clause (x) above over the amount in clause (y) above), if any, received by the Trustee from such account.

More Definitions of Maintenance Account

Maintenance Account means an account in the name of the Seller or CIE Growth, LLC into which only the proceeds of the Net Purchase Price are deposited and which contains no other assets from the Seller or its Affiliates.

Maintenance Account means a segregated deposit account in the name of EFSPV at a depository institution selected by Victory Park, into which account shall be swept all amounts on deposit in the Operating Account in excess of $[***]in the aggregate.

Maintenance Account. The demand deposit account in the name of Borrower established at Chase Manhattan Bank as to which an authorized representative of Lender shall be a signatory with power of withdrawal.

Maintenance Account means the CIBC account bearing number 43 18315 (transit 00001), established by the Partnership in accordance with the terms of the CDPQ Credit Agreement.

Maintenance Account means a bank or building society account opened for the purpose of holding money to be used to pay costs incurred in connection with any

Maintenance Account means the account(s) opened in the name of the Customer with OCBC Bank for the record/deposit of any Collateral provided pursuant to Margin calls and/or to maintain the Margin;

Maintenance Account shall have the meaning given to it in paragraph 18.1 of Schedule 6.2 (Greater Anglia Franchise Specific Provisions);