FF&E Account shall have the meaning set forth in Section 6.5.1.
FF&E Account means the CZK, EUR and USD bank account opened and held by the Lessee with Accounts Administrator having account number 0000000.
FF&E Account means, by its acronym in English (Furniture Fixtures and Equipment), the account opened and maintained by the trustee of the Guarantee Trust to: (i) pay the costs of maintenance, acquisition, repair of furniture or any other equipment that is not permanently incorporated into the structure, construction or soil of the Project and (ii) pay for necessary improvements and non-structural maintenance required by the Property, which must be provided with the amounts and on the dates described in the Guarantee Trust.
Examples of FF&E Account in a sentence
Have the resources generated by the Project Agreements be deposited in the Project Concentrator Accounts, the FF&E Account and/or in the Debt Service Fund, according to the terms established in the Guarantee Trust.
More Definitions of FF&E Account
FF&E Account means (i) from the Closing Date until the Operating Lessee Account is opened, the Borrower FF&E Account, and (ii) from and after the Operating Lessee FF&E Account is opened, such Operating Lessee FF&E Account.
FF&E Account means a deposit account establish by a Loan Party into which such Loan Party only deposits amounts in respect of furniture, fixture and equipment reserves as required by the terms of a Sunrise Operating Agreement.
FF&E Account. The meaning specified in the Loan Agreement.
FF&E Account means the bank account required by the terms of the LTF CO Lease to be established (either in the name of Borrower or LTF CO), maintained and funded monthly by LTF CO in the amount equal to (i) the product of (A) $7,333.33, and (B) the number of Properties then demised by the LTF CO Lease, less any amounts expended by LTF CO during the prior month for which it would have been entitled to withdraw funds from the FF& Account, or (ii) such lesser amount as is necessary to cause the balance therein to equal the product of (C) $333,333.33, and (D) the number of Properties then demised by the LTF Lease, which funds may be withdrawn by LTF CO from time to time to pay for acquisitions, repairs to or replacements of furniture, fixtures and equipment, including fitness and similar equipment used by LTF CO in the operation of its business in the Properties.
FF&E Account shall have the meaning assigned to such term in Section 4.23 hereof.
FF&E Account has the meaning specified in Section 7.1(f). ------------