Rent Collection Account definition

Rent Collection Account means the account established by the Lender from time to time, and to which Lessee is directed to make all payments of Rent due to the Lender.
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Rent Collection Account means a depositary account in the name of a Pkg Parent maintained at a Property Account Bank into which Rents from Properties of each Borrower that is a Subsidiary of such Pkg Parent are collected or deposited.
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Rent Collection Account means the account established by Xxxxxx from time to time and to which Xxxxxx is directed to make all payments of Base Rent due hereunder.
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Examples of Rent Collection Account in a sentence

  • No funds in the Rent Collection Account shall be subject to withdrawal by or for the benefit of Tenant.

  • All interest accrued in the Rent Collection Account shall belong to Landlord and shall not be credited to Tenant.

  • Landlord (or, at Landlord's option, Landlord's agent, if any), or such officers or other agents as may be designated by Landlord, shall be the sole signatory on the Rent Collection Account.

  • All Rent shall be made by direct deposit by Tenant of immediately available funds into a checking account established with a bank, savings bank or other depository institution designated by Landlord ("BANK") and controlled exclusively by Landlord entitled "Rent Collection Account" (or such other name as may be designated by Landlord) ("RENT COLLECTION ACCOUNT").

  • All Base Rent shall be paid to Lessor, or if Lessor directs (on at least twenty (20) Business Days’ prior notice) to Lender, in either case to the Rent Collection Account, or such other account or accounts in the continental United States as Lessor or Lender may from time to time designate (on at least twenty (20) Business Days’ prior written notice) to Lessee.

  • All Rent shall be made by direct deposit by Tenant of immediately available funds into a checking account established with a bank, savings bank or other depository institution designated by Landlord ("Bank") and controlled exclusively by Landlord entitled "Rent Collection Account" (or such other name as may be designated by Landlord) ("Rent Collection Account").

  • All payments to be made by Lessee to Lessor under any Operative Document shall be made (unless specifically otherwise provided in such Operative Document) for value on the day on which payment is due to the Rent Collection Account or to such other account as Lessor may have specified to Lessee for this purpose.

  • Net Rental Income is required to be transferred by each Obligor from each Rent Collection Account into the Rental Income Account promptly after being paid into the Rent Collection Account and, in any case, not less frequently than once per Month except that, if no Cash Trap Sweep Event has occurred and is continuing, any dilapidations under any Lease shall be paid to the relevant Borrower's General Account.

  • Net Rental Income is paid by the Property Manager and Parent RP from the relevant Rent Collection Account into the Segregated Parent RP Account.

  • Lender’s rights and remedies with respect to the Rent Collection Account, and the funds at any time on deposit in the Rent Collection Account, shall be subject to terms and conditions of the Lender Loan Agreement.


More Definitions of Rent Collection Account

Rent Collection Account means account number ***, Bank: ***, Account Name: *** or such other account at such bank as Lessor may specify in writing from time to time to Lessee.
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Rent Collection Account means for each Borrowing Base Property, a deposit account in the name of the Direct Property Owner that owns such Borrowing Base Property established at Bank of America, N.A., in which the Administrative Agent for the benefit of the Secured Parties holds a security interest, each of which shall be a Controlled Account.
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Rent Collection Account means Bank Account Number: 304642207, Beneficiary Bank: Citibank Europe PLC. Dublin, IBAN No: IE59CITI9 9005117246003, SWIFT Code: CITIIE2X, Account Name: Klaatu
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Rent Collection Account means a depositary account in the name of a Borrower maintained at a Property Account Bank into which Rents from Properties of such Borrower are collected or deposited subject to a Property Account Control Agreement.
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Related to Rent Collection Account

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Collection Accounts As defined in Section 3.10(a).

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales or dispositions attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees, prepayment fees or other amounts received in respect of Loan Assets.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Finance Charge Account is defined in Section 4.9(a).

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Note Account As defined in the Indenture.

  • Final Collection Date means the Business Day following the termination of purchases under this Agreement on which all amounts to which the Purchasers shall be entitled in respect of Purchased Receivables and all other amounts owing to the Administrative Agent and the Purchasers hereunder and under the other Purchase Documents are paid in full.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (i) the amount of cash or other immediately available funds in the Reserve Account on such Payment Date (prior to giving effect to any withdrawals therefrom relating to such Payment Date) over (ii) the Specified Reserve Balance with respect to such Payment Date.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.