Borrower Deposit Account definition

Borrower Deposit Account shall have the meaning set forth in the Mortgage Loan Agreement.
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Borrower Deposit Account means, individually or collectively as the context indicates, those certain segregated Eligible Accounts established by or on behalf of each Borrower with a Deposit Account Bank.
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Borrower Deposit Account means that certain deposit account of the Borrower at the Dallas, Texas Main Street location of NationsBank, N.A. on which the Administrative Agent, on behalf of the Lenders, has a first and prior Lien and security interest to secure the Obligations hereunder.
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Examples of Borrower Deposit Account in a sentence

  • All costs and expenses for establishing and maintaining the Blocked Account, Borrower Deposit Account, Cash Management Account or Working Capital Account shall be paid by Mortgage Borrower, Senior Mezzanine Borrower or Borrower.

  • Establish any new bank accounts, or attempt to amend or terminate any Lockbox Agreement or other agreement required under subsection 2.4(A) or relating to the Collection Account or any Borrower Deposit Account, except as expressly permitted by Section 2.4(A)(4), without Collateral Agent's prior written consent.

  • The Borrower hereby covenants that prior to the release of the Advance held in the Borrower Deposit Account to the Seller it will deliver to the Agent each of the documents specified in Part 2 of the First Schedule and in both form and substance satisfactory to the Agent.

  • IBM does not warrant uninterrupted or error-free operation of any Service or that IBM will correct all defects.

  • All costs and expenses for establishing and maintaining the Blocked Account, Cash Management Account, Borrower Deposit Account or Working Capital Account shall be paid by Mortgage Borrower, Senior Mezzanine Borrower or Borrower.

  • Borrower hereby grants to Lender a continuing security interest in, and agrees to hold in trust for the benefit of Lender, all Rents in its possession prior to the (i) payment of such Rents to Lender or (ii) deposit of such Rents into the Borrower Deposit Account or the OT Deposit Account.

  • Lender shall cause such amount to be transferred to a Subaccount of the Borrower Deposit Account (the “Carry Subaccount”).

  • Establish any new bank depository accounts (excluding fiduciary accounts), or amend or terminate any Lockbox Agreement or other agreement required under subsection 2.4(A) or relating to the Collection Account or any Borrower Deposit Account, except as expressly permitted by subsection 2.4(A)(4), without Collateral Agent's prior written consent.

  • All costs and expenses for establishing and maintaining the Blocked Account, Borrower Deposit Account, Cash Management Account or Working Capital Account shall be paid by Mortgage Borrower , Senior Mezzanine Borrower or Borrower.

  • Wallach, Manager of 2400 Boswell LLCAddendum to Promissory Note(Irrevocable ACH Payment Authorization from Borrower Deposit Account) This Addendum is incorporated into and made a part of that certain Promissory Note dated March 14, 2013 (''Note"), executed by 2400 Boswell LLC, as borrower ("Borrower"), in favor of Plaza Bank, as lender ("Lender").


More Definitions of Borrower Deposit Account

Borrower Deposit Account means the account held in the name of the Borrower with The Industrial Bank of Japan, Ltd., Japan;
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Related to Borrower Deposit Account

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • Deposit Accounts means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name of a Debtor.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • L/C Cash Collateral Account means any Cash Collateral Account (a) specifically designated as such by the Borrower in a notice to the Administrative Agent and (b) from and after the effectiveness of such notice, not containing any funds other than those required under the Loan Documents to be placed therein.