Clearing Account Bank definition

Clearing Account Bank means any Eligible Institution approved or appointed by Mortgage Lender acting as clearing account bank under the Clearing Account Agreement.

Clearing Account Bank means the financial institution at which each of the Clearing Account, the Lockbox and the Unidentified Receipts Account is maintained. On the Closing Date, the Clearing Account Bank is Bank of America, N.A.

Clearing Account Bank means [Bank of America, N.A.], in such capacity or, in the event of a replacement account, the financial institution at which such account is established.

Examples of Clearing Account Bank in a sentence

• The Clearing Account Bank shall be instructed by the Collateral Agent to sweep, on a daily basis, all amounts on deposit in the Clearing Account in excess of the Reserve Amount to the Holding Account.

• The Seller shall provide, or cause to be provided, the Calculation Agent with copies of all bank statements provided by the Clearing Account Bank with respect to the Clearing Account.

• Notwithstanding the terms of Schedule 2.4(d) attached hereto, during the Marketing Period, Borrower agrees to send written notice to any new tenants ("New Tenants") at the Project (other than short term specialty tenants), and provide Lender with copies of such notices, directing such New Tenants to pay the rents due under their leases to the Clearing Account at the Clearing Account Bank pursuant to the terms of the cash management provisions set forth in Article XI of the Loan Agreement.

• Except as set forth in Schedule 2.4(d) attached hereto, Borrower has sent written notice to each of the tenants ("Tenants") at the Project, and has provided Lender with copies of such notices, directing such Tenants to pay the rents due under their leases to the Clearing Account at the Clearing Account Bank.

More Definitions of Clearing Account Bank

Clearing Account Bank means Wxxxx Fargo Bank, N.A., or such successor bank selected by Borrower provided such replacement bank shall be an Eligible Institution approved by Lender that, prior to succeeding as a Clearing Account Bank, enters into, with the related Manager or Managers, the respective Individual Borrowers and Lender, a Clearing Account Agreement approved by Lender, such approval in each case not to be unreasonably withheld, conditioned or delayed.

Clearing Account Bank has the meaning set forth in Section 7.1.

Clearing Account Bank means Deutsche Bank Trust Company Americas, or such successor bank selected by Borrower provided such replacement bank shall be an Eligible Institution approved by Lender that, prior to succeeding as a Clearing Account Bank, enters into, with the related Manager or Managers, the respective Individual Borrowers and Lender, a Clearing Account Agreement approved by Lender, such approval in each case not to be unreasonably withheld, conditioned or delayed.

Clearing Account Bank means First Interstate Bank of Washington (or an affiliate thereof), and its successors and assigns.

Clearing Account Bank. Wachovia Bank, N.A., together with its successors and assigns.

Clearing Account Bank means Bank of America, N.A., a national banking association together with its permitted successors and assigns.

Clearing Account Bank means Bank of the West, a California banking corporation, together with its successors and assigns.