Clearing Account Agreement definition

Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.
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Clearing Account Agreement means that certain Deposit Account Control Agreement dated the date hereof by and among Borrower, Lender and Clearing Bank.
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Clearing Account Agreement. As defined in the Mortgage Loan Agreement.
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Examples of Clearing Account Agreement in a sentence

  • Upon the commencement of a Lender Sweep Period, Lender or Designee, on behalf of Lender, will establish the Deposit Account into which all funds in the Clearing Account will, during the continuance of any Lender Sweep Period, be deposited on a periodic basis as set forth in the Clearing Account Agreement.

  • EXHIBIT C LAURUS MASTER FUND, LTD 000 Xxxxx Xxxxxx00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 VIA FACSIMILE Commerce Bank, N.A. 0000 Xxxxxx Xxx AIM 00-000-00-00 Xx. Xxxxxx, Xxx Xxxxxx, 00000 Xx. Xxxx Xxxxxxxx AIM 00-000-00-00, Commerce Cash Management Wire Transfer Manager, Facsimile number 000-000-0000 NOTICE OF DEFAULT Re: Account Name: Account Number: Reference is also made to that certain Clearing Account Agreement dated July 26th, 2004 among Commerce Bank, N.A. (the "Clearing Bank’) PowerCold Corporation.

  • Borrower has entered into the Clearing Account Agreement pursuant to the terms of the DST Lockbox Schedule.

  • This Agreement, together with the Rules, and the Clearing Account Agreement state the entire understanding between the Company and the Bank concerning the Lockbox Service.

  • Upon the occurrence of the first cash Sweep Event and after that during the term of the Loan, Borrower shall cause all Rents to be deposited into the Clearing Account in accordance with the terms of the Loan Agreement and the Clearing Account Agreement.


More Definitions of Clearing Account Agreement

Clearing Account Agreement means the agreement between Citibank and the relevant Settlement Bank relating to the provision of Services for Settlement as defined in the CTS Bye-Laws (Non-SGD Clearing);
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Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.
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Clearing Account Agreement shall have the meaning set forth in Section 2.7.1 hereof.
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Clearing Account Agreement. 1.1 (Definition of Loan Documents) “Clearing Bank” - 3.1 “Condemnation” - 7.3.1
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Clearing Account Agreement means that certain Clearing Account—Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.
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Clearing Account Agreement means that certain Deposit Account Control Agreement, dated as of the date hereof, among Lender, Borrower, Manager and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.
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Clearing Account Agreement means that certain Deposit Account Control Agreement by and among Borrower, Lender and KeyBank, National Association, dated as of the date hereof, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance with the terms hereof.
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