Operating Account Charge definition

Operating Account Charge means the first priority deed of charge over the Operating Account to be executed by the Borrower in favour of the Lender.
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Operating Account Charge means any of them;
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Operating Account Charge means the deed of charge referred to in Clause 11.1.8.” “‘Owner’ means Owner A or Owner B, together the “Owners”.”
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Examples of Operating Account Charge in a sentence

  • Form of Junior Operating Account Charge....................................

  • Form of Operating Account Charge...........................................


More Definitions of Operating Account Charge

Operating Account Charge means the first priority assignment, pledge and charge made or, as the context may require, to be made between the Borrowers and the Creditor Parties, pledging the Operating Account to secure the due payment of the Indebtedness in form and substance satisfactory to the Agent and the Security Trustee in their sole discretion as the same may from time to time be amended, varied or supplemented;
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Operating Account Charge means the charge to be granted by Xxxxxxxx Management in favour of the Security Trustee (and held by the Security Trustee on behalf of itself and the Tranche A Lenders) in the form attached at Appendix 7, in respect of all monies standing to the credit from time to time of the Operating Account, together with any and all notices and acknowledgements entered into in connection therewith.
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Operating Account Charge means the deed of charge referred to in Clause 11.1.8. "
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Operating Account Charge means the charge over Operating Account executed and delivered by the Borrower in favor of the Agent providing for the collateral pledge, assignment and charge of the rights, benefits and interests of the Borrower in and to the Operating Account as collateral security for the Obligations of the Borrower under the Transaction Agreements and which shall be in the form set out in Exhibit C.
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Operating Account Charge means the charge to be granted by Qxxxxxxx Management in favour of the Security Trustee (and held by the Security Trustee on behalf of itself and the Lenders) in the form attached at Appendix 7, in respect of all monies standing to the credit from time to time of the Operating Account, together with any and all notices and acknowledgements entered into in connection therewith.
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Operating Account Charge means the deed of charge referred to in Clause 11.1.8."
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Related to Operating Account Charge

  • Account Charge means, in relation to each of the Charged Accounts, the first priority fixed charge or pledge over all such accounts given or to be given by the relevant account holder thereof in favor of and in form and substance satisfactory to the Security Trustee.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

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

  • Management Charge means the sum paid by the Supplier to the Authority being an amount of half (0.5) percent of all Charges for the Services invoiced to the Contracting Bodies (net of VAT) in each Month throughout the Term and thereafter until the expiry or earlier termination of any Call-Off Contract;

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Default Management Charge has the meaning given to it in paragraph 6.2 of Framework Schedule 9 (Management Information);

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

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

  • Collection Account Control Agreement means the Amended and Restated Collection Account Control Agreement, dated as of the date hereof, among the Borrower, the Servicer, the Administrative Agent and the Collection Account Bank, substantially in the form of Exhibit D-3 hereto, as amended, modified or supplemented from time to time.

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

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

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $3,807,950.53.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.