Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

Insurance Proceeds Account means the account maintained in the name of the Master Issuer, subject to an Account Control Agreement, and pledged to the Trustee into which the Manager causes Insurance/Condemnation Proceeds to be deposited.

Insurance Proceeds Account means an account in the name of the Issuer and either established with the Trustee or subject to an Account Control Agreement for the deposit of Insurance/Condemnation Proceeds pursuant to Section 5.10(d) of the Base Indenture or any successor account.

Examples of Insurance Proceeds Account in a sentence

The Account Bank has opened on its books, at its office at [ ], an account in the joint names of the Account Holders designated the Authority Insurance Proceeds Account (the "Account").
The Authority shall give its consent (or confirm that it is withholding its consent) to the release of monies from the Insurance Proceeds Account within one (1) Business Day of a request from hubco (provided that such consent must not be unreasonably withheld).
The Authority shall require bidders to bid on the basis that they will receive the benefit of any outstanding claims under material damage insurance policies and the amount (if any) standing to the credit of the Insurance Proceeds Account on the date that the New Agreement is entered into.
All funds remaining in the Post Effective Date Insurance Holding Account after such payments by the Trustee shall be transferred into the Post Effective Date Insurance Proceeds Account to be administered in accordance with the terms of this Trust Agreement.
Endorsement 4 Loss Payee (applicable only to the Physical Damage Policies) Subject to the provision of Clause 53.22.2 of this Agreement all proceeds of this policy shall be payable without deduction or set-off to the Insurance Proceeds Account.

More Definitions of Insurance Proceeds Account

Insurance Proceeds Account means the special account designated by that name established by the Administrative Agent pursuant to Article VIII.

Insurance Proceeds Account has the meaning given in Section 7.9.1.

Insurance Proceeds Account means the special account designated by that name and established by the Administrative Agent pursuant to the Deposit Account Agreement.

Insurance Proceeds Account means the account designated by that name established by Borrower with Depositary pursuant to Section 2.1.

Insurance Proceeds Account means the Mandatory Prepayment Account or Holding Account into which Insurance Proceeds or, as the case may be, Excluded Insurance Proceeds are required to be paid pursuant to Schedule 4 (Mandatory Prepayment).

Insurance Proceeds Account has the meaning given in the Senior Facilities Agreement.

Insurance Proceeds Account means the account numbered [INSERT NUMBER] in the joint names of hubco and the Authority