Operating Expense Subaccount shall have the meaning set forth in Section 3.7 hereof.

Operating Expense Subaccount as defined in Section 2.1(b).

Examples of Operating Expense Subaccount in a sentence

Agent shall disburse funds on deposit in the Operating Expense Subaccount to Borrower for Operating Expenses approved by Lender for the applicable period pursuant to the Approved Annual Budget.
During a Cash Management Period, Rents shall be transferred into a Subaccount (the "Operating Expense Subaccount") as provided in Section 11.09.

More Definitions of Operating Expense Subaccount

Operating Expense Subaccount. 3.6 “Partial Defeasance” – 2.3.3(a) “Policies” – 7.1.2 “Principal” – 2.1 “Proceeds” – 7.2.2

Operating Expense Subaccount. Deposit Account Agreement "Permitted Investments" - Deposit Account Agreement "Policies" - 7.1.2 "Principal" - 2.1 "Provided Information" - 9.1 "Registration Statement" - 9.1.3 "Remedial Work" - 5.10.2 "Required Records" - 5.9.6 "Required Repair Fund" - 3.2.1 "Required Repairs" - 3.2.1 "Restoration" - 7.4.1

Operating Expense Subaccount. 3.6 “Partial Defeasance” — 2.3.3 “Permitted Investments” — Deposit Account Agreement “Policies” — 7.1.2 “Principal” — 2.1 “Proceeds” — 7.2.2 “Provided Information” — 9.1 “Registration Statement” — 9.1.3 “Remedial Work” — 5.7.2 “Rent Roll” — 4.15 “Required Repairs Subaccount” — 3.2.2 “Required Records” — 6.3.6 “Required Repairs” — 3.2.1 “Required Repairs Subaccount” — 3.2.2 “Restoration” — 7.4.1 “Rollover Reserve Subaccount” — 3.5 “Scheduled Defeasance Payments” — 2.3.3 “Secondary Market Transaction” — 9.1 “Securities” — 9.1.1 “Security Agreement” — 2.3.3 “Security Deposit Account” — 3.8 “Security Deposit Subaccount” — 3.8 “Significant Casualty” — 7.2.2 “Single Member Bankruptcy Remote LLC” – Schedule 4 “Sole Member” – Schedule 4 “Special Member” – Schedule 4 “Special Purpose Bankruptcy Remote Entity” – Schedule 4 “Special Transfer” — 5.16 “Springing Recourse Event” – 10.1 “Subaccounts” — 3.1 “Successor Borrower” — 2.3.3 “Successor Guarantor” – 5.16 “Tax and Insurance Subaccount” — 3.3 “Undefeased Note” — 2.3.3 Schedule 1 - 2 Schedule 2

Operating Expense Subaccount. 3.6 "PERMITTED FIRST MORTGAGE" - 9.3 "PERMITTED INDEBTEDNESS" - 5.22

Operating Expense Subaccount. 3.6 "PATRIOT ACT" - 5.31 "PATRIOT ACT OFFENSE" - 5.31 "PERMITTED INDEBTEDNESS" - 5.22 "PERMITTED INVESTMENTS" - Deposit Account Agreement "PERMITTED PREPAYMENT DATE" - 2.3.4 "POLICIES" - 7.1.2 "PRINCIPAL" - 2.1

Operating Expense Subaccount has the meaning assigned in the Cash Management Agreement.