Definition of Tenant Deposit Account


Tenant Deposit Account means each Deposit Account (as defined in the UCC) or Securities Account (as defined in the UCC) into which Rents are deposited.
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Examples of Tenant Deposit Account in a sentence

No Tenant Deposit Account is held by any Person other than the Borrower, any other Loan Party or any other Subsidiary.
Other monies, in particular own funds of the Borrower, may not be paid onto the Tenant Deposit Account.