FF&E Reserve Account definition

FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.
FF&E Reserve Account has the meaning set forth in Section 9.2.1(h) hereof.
FF&E Reserve Account as defined in Section 2.1(f).

Examples of FF&E Reserve Account in a sentence

  • Amounts in the FF&E Reserve Account shall not be disbursed for Project Expenditures, which shall be subject to reimbursement as set forth in subsection (c) above.


More Definitions of FF&E Reserve Account

FF&E Reserve Account means an account established for a reserve for replacements, substitutions and additions to the FF&E.
FF&E Reserve Account means funds available for the repair, replacement or refurbishment of FF&E, which funds shall be provided by, and under the control of, Tenant through monthly payment into an account established on the Commencement Date by Tenant and maintained by Tenant during the Lease Term.
FF&E Reserve Account means, with respect to each Collateral Property, an account into which the FF&E Reserve shall be deposited from time to time as provided in Section 8.20.
FF&E Reserve Account has the meaning ascribed to such term in Section 5.04.A.
FF&E Reserve Account as defined in Section 2.1(a)(ii).
FF&E Reserve Account means the account established pursuant to Section 2.11(d).
FF&E Reserve Account. Each Reserve Account shall be a custodial account established by Lender and shall not constitute a trust fund. At Lender’s option, funds deposited into a Reserve Account may be commingled with other money held by Lender or its servicer. Borrower acknowledges and agrees that the Reserve Accounts are subject to the sole dominion, control and discretion of Lender, its authorized agents or designees, subject to the terms hereof. Borrower shall not have the right to make any withdrawal from any Reserve Account.