Operating Account Agreement definition

Operating Account Agreement means an agreement relating to the Operating Account, dated as of the date hereof, among Lender, Borrower and the Eligible Institution at which such account is maintained, pursuant to which such account is pledged to the Lender and the Approved Property Manager or Borrower is given full access to the funds on deposit therein but provides for the discontinuance of such access upon receipt by such Eligible Institution of written notice from Lender of the occurrence of an Event of Default, as such agreement may be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

Operating Account Agreement means that certain Blocked Account Control Agreement (Shifting Control) dated on or about the date hereof among Borrowers, Agent and Cash Management Bank, as the same may be amended, restated, supplemented, replaced or otherwise modified from time to time.

Operating Account Agreement means the Deposit Account Control Agreement (Operating Account) Borrower, Operating Lessee, Agent, Manager and the Clearing Bank pertaining to the Operating Account, dated as of the Closing Date, as the same may be modified, amended and/or supplemented and in effect from time to time.

Examples of Operating Account Agreement in a sentence

• As members of the franc zone, these countries have maintained a monetary cooperation agreement with France since 1972, supplemented by the 1973 Operating Account Agreement.

• The Fund Operating Account will be operated by the Custodian in accordance with the terms of the Custodian Agreement and the Fund Operating Account Agreement.

• These features relate to the Operating Account Agreement and the cooperation with France.

• Borrower, Agent and Cash Management Bank shall enter into the Operating Account Agreement on or prior to the Closing Date.

• Upon the occurrence of (a) an Event of Default, or (b) a Balancing Default, the Lender shall be immediately entitled to provide the Account Bank with a “Notice of Exclusive Control” (as defined in the Operating Account Agreement).

More Definitions of Operating Account Agreement

Operating Account Agreement means that certain Deposit Account Control Agreement (Soft Lockbox) to be executed in connection with this Agreement by and among Lender, New Borrower, and Wxxxx Fargo Bank, National Association, as the Bank.

Operating Account Agreement means that certain account control agreement by and between Borrower, Lender and Operating Concentration Bank.

Operating Account Agreement means, in relation to an Operating Account which is held with the Bank, an agreement (including any mandate or similar document or arrangement) between the Bank and the Customer or a Third Party in relation to such Operating Account.

Operating Account Agreement means that certain account control agreement by and between Operating Lessee, each Manager, Lender and Operating Account Bank to be delivered on or prior to the Operating Lease Effective Date.

Operating Account Agreement means (i) from the Closing Date until the Operating Lessee Operating Account Agreement takes effect, the Borrower Operating Account Agreement, and (ii) from and after the Operating Lessee Operating Account Agreement takes effect, each of the Borrower Operating Account Agreement and the Operating Lessee Operating Account Agreement, and from and after such time, “Operating Account Agreements” shall mean the Borrower Operating Account Agreement and the Operating Lessee Operating Account Agreement, collectively.

Operating Account Agreement means an agreement (including any mandate or similar document or arrangement) between a bank and a User in relation to an Operating Account;

Operating Account Agreement means an agreement (including any mandate or similar document or arrangement) between BSF and a Customer in relation to an Operating Account;