Release Account definition

Release Account. As defined in the Property Management Agreement.
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Release Account. The segregated account established and maintained by the Indenture Trustee on behalf of the Noteholders and the Issuers for the deposit of cash proceeds from the sale of any Property or Mortgage Loan.
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Release Account means an account established for an inmate in which a percentage of the inmate’s income is deposited, in accordance with s. DOC 309.466 so that the inmate has suffi- cient funds when released from the institution to purchase release clothing, out−of−state transportation, and other items and services needed on release.
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Examples of Release Account in a sentence

  • All such Permitted Investments in the Collection Account, the Liquidity Reserve Account, the Release Account and the Exchange Reserve Account shall be held to maturity, unless payable on demand.

  • Any investment of funds in the Collection Account and the Release Account shall be made in the name of the applicable Issuer for the benefit of the Indenture Trustee (in its capacity as such).

  • Any investment of funds in the Collection Account, the Liquidity Reserve Account, the Release Account and the Exchange Reserve Account shall be made in the name of the applicable Issuer for the benefit of the Indenture Trustee (in its capacity as such).

  • The Property Manager may direct any institution maintaining the Release Account to invest the funds held therein in one or more specific Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, not later than the Business Day immediately preceding the day such amounts are required to be distributed pursuant to this Agreement, which may be in the form of a standing direction.

  • All such Permitted Investments in the Collection Account and the Release Account shall be held to maturity, unless payable on demand.

  • Any proceeds of such sale, transfer or other disposition shall not constitute part of the Collateral and shall not be deposited in the Collection Account or the Release Account.


More Definitions of Release Account

Release Account. As defined in Section 3.02(f).
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Release Account. The segregated account established and maintained by the Indenture Trustee on behalf of the Noteholders and the IssuersAs defined in Section 3.04(b).
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Release Account. As defined in Section 3.04(b) . “Release Parcel ”: With respect to the Post-Closing Properties identified as Xxxxxxx’x Food Market (1055 Sugarbush Drive) and Xxxxxxx’x Food Market (3540 Burbank Road), an undeveloped portion of each such property that (i) was not considered in determining the purchase price thereof paid by the Originator with respect thereto and (ii) is subject to an option 26 US-DOCS\ 96557504.7 102826315.7
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Release Account. The segregated account established and maintained by the Issuer for the deposit of cash proceeds from the sale of any Mortgage Loan.
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Release Account. The segregated account established and maintained by the Indenture Trustee on behalf of the Noteholders and the IssuersAs defined in Section 3.04(b). “Release Parcel”: With respect to the Post-Closing Properties identified as Xxxxxxx’x Food Market (1055 Sugarbush Drive) and Buehler’s Food Market (3540 Burbank Road), an undeveloped portion of each such property that (i) was not considered in determining the purchase price thereof paid by the Originator with respect thereto and (ii) is subject to an option on the part of the related Tenant permitting such Tenant to subdivide and reacquire such undeveloped portion for a nominal amount. “Release Price”: As defined in Section 7.01(b).
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Release Account means the segregated account established and maintained by and in the name of the Indenture Trustee pursuant to the Indenture for the deposit and retention of (i) the Release Price received from the sale or release of any Released Property (other than any Release Price obtained in connection with a Senior Class A Release Event, Liquidation Proceeds with respect to Defaulted Assets, or any Series Collateral Release Prices) net of applicable taxes withheld therefrom or otherwise payable by the Issuer with respect thereto and (ii) Excess Proceeds, net of applicable taxes withheld therefrom or otherwise payable by the Issuer with respect to such Excess Proceeds.
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Related to Release Account

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Active Account means an individual investment account in the Plan with a balance greater than $0.

  • Purchase Account means the account so designated in each Purchase and Remarketing Fund.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.