Security Accounts definition

Security Accounts means, collectively, the Cash Trap Account, the Project-Level Account and any Controlled Account.

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Security Accounts means, collectively, the Tax and Insurance Reserve Account, the Casualty/Taking Account, the Additional Cash Collateral Account, the Cash Management Account, the Low DSCR Account and the Reserve Funds.

Security Accounts means the Collateral Accounts and the Realisations Accounts.

Examples of Security Accounts in a sentence

The Borrower shall not make or otherwise permit any withdrawals from such Deposit Accounts or Security Accounts to the contrary of this Section 5.15(d).
Any amount remaining in the Reserve Funds and the Security Accounts after the Loans have been paid in full shall be promptly returned to Borrower.
If the consents referred above are withdrawn you will operate the Security Accounts in accordance with the terms of the Acknowledgement, save that you may immediately set-off debit balances and credit balances on the Security Accounts as and to the extent that the same relate to your customary agreed charges or fees payable in connection with the operation or maintenance of the Security Accounts in the ordinary course of business.
Borrower shall not, without the prior consent of Administrative Agent, further pledge, assign or grant any security interest in the Reserve Funds or the Security Accounts or permit any Lien to attach thereto, or any levy to be made thereon, or any Uniform Commercial Code financing statements, except those naming Administrative Agent on behalf of the Lenders as the secured party, to be filed with respect thereto.
Upon the occurrence and during the continuance of an Event of Default, Administrative Agent, at its option, may withdraw the Reserve Funds and the other funds in the Security Accounts and apply such funds to the items for which the Reserve Funds were established or to payment of the Loans in such order, proportion and priority as Administrative Agent may determine in its sole and absolute discretion.

More Definitions of Security Accounts

Security Accounts means, at any relevant time, the Operating Accounts and any bank accounts of the Borrower opened with the Bank, which are subject to an Encumbrance in favour of the Bank and designated by the Bank as “Security Accounts” for the purposes of this Agreement;

Security Accounts. One or more security accounts shall be established in the name of, and under the sole dominion and control of, the Lender or its designated representatives (the "Security Accounts"), and all income from the Properties shall be deposited directly into such Security Accounts. At the discretion of Lender, such Security Accounts may include (but may not be limited to) the following:

Security Accounts means the accounts secured in favour of the Underlying Cedants, established pursuant to the Security Agreements by the Retrocedant to support the Retrocedant's obligations under the Retroceded Policies relating to the SPA Business;

Security Accounts means, collectively, the Sweep Account and the Deficiency Deposit Account.

Security Accounts shall have the meaning provided in the Uniform Commercial Code.

Security Accounts means the Construction Draw Account, the Project Revenues Account, the Debt Service Account, the Debt Service Reserve Account, the Cash Sweep Account, the Asset Sales Proceeds Account and the Loss Proceeds Account.

Security Accounts means the interest-bearing accounts: