Property Accounts definition

Property Accounts means the Rent Deposit Accounts and Borrower’s Operating Account.
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Property Accounts has the meaning set forth in Section 3.08(c) hereof.
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Property Accounts means each of the accounts of Borrower identified on Schedule XIII hereto, as same may be replaced from time to time with the approval of Lender, not to be unreasonably withheld, conditioned or delayed.
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Examples of Property Accounts in a sentence

  • Borrower shall pay for all expenses of opening and maintaining the Collection Account (and the Accounts) and the Property Accounts.

  • All funds in such separate Property Accounts may be swept into a central account (the “Central Account”) in Owner’s name as maintained by Manager, according to the provisions of Section 8.1 of this Agreement.

  • Owner shall be a signatory to all accounts established and maintained by Manager in connection with its obligations under this Agreement, including, without limitation, the Property Accounts, the Central Account and the Security Deposit Account and shall, at all times, have access to, and the right to withdraw funds from, all such accounts.

  • Manager shall establish and maintain the Property Accounts, and shall maintain the Central Account, at any FDIC insured banking institution reasonably acceptable to Owner.

  • The sole signatories for such accounts shall be designated by the Regular Trustees; provided, however, that the Property Trustee shall designate the signatories for the Property Accounts.


More Definitions of Property Accounts

Property Accounts shall have the meaning set forth in the Mortgage Loan Agreement.
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Property Accounts means the Rent Deposit Account and the Borrower’s Operating Account.
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Property Accounts means each of the accounts of Borrower identified on Schedule XIII hereto.
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Property Accounts shall have the meaning set forth in Section 2.6.1 hereof.
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Property Accounts means the accounts set forth on Exhibit H.
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Property Accounts means the Embassy Property Accounts and the Sheraton Property Accounts, and “Property Account” means any one of the Property Accounts.
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Property Accounts means all of the bank accounts maintained by Borrower, each of which shall be a Deposit Account established with a financial institution approved by the Administrative Agent in its reasonable discretion and shall be subject to a Deposit Account Control Agreement.
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