Central Account. Any money that Client wishes to transfer to Finst, must be transferred to the Central Account.
Central Account. Pursuant to the terms of the Cash Management Agreement, the Borrowers have established an Eligible Account in the name of Lender, as secured party hereunder, to serve as the “Central Account” (said account, and any account replacing the same in accordance with this Loan Agreement and the Cash Management Agreement, the “Central Account”; and the depositary institution in which the Central Account is maintained, the “Central Account Bank”). The Central Account is under the sole dominion and control of Lender (which dominion and control may be exercised by Servicer); and except as expressly provided hereunder or in the Cash Management Agreement, the Borrowers shall not have the right to control or direct the investment or payment of funds therein during the continuance of an Event of Default. Lender may elect to change any financial institution in which the Central Account shall be maintained if such institution is no longer an Eligible Bank, upon not less than five (5) Business Days’ written notice to the Borrowers. The Central Account shall be deemed to contain such sub-accounts as Lender may designate (“Sub-Accounts”), which may be maintained as separate ledger accounts and need not be separate Eligible Accounts. The Sub-Accounts shall include the “Reserve Sub Accounts” as more particularly described in the Cash Management Agreement. The “Reserve Sub-Accounts” shall include the Sub-Accounts of the Central Account established for the purpose of holding funds in the Reserves including: (a) the “Imposition and Insurance Reserve Sub-Account”, (b) the “Cash Trap Reserve Sub-Account”, (c) the “Advance Rents Reserve Sub-Account” and (d) the “Loss Proceeds Reserve Sub-Account”.
Central Account. The Borrowers acknowledge and confirm that they have established and will maintain with Agent an Eligible Account for the purposes specified herein, which shall be entitled “Central Account for the benefit of American Tower Depositor Sub, LLC its successors and assigns, as secured party” (said account, and any account replacing the same in accordance with this Agreement, the “Central Account”). The Central Account shall be under the sole dominion and control of Lender and/or its designee including any Servicer of the Loan, and the Borrowers shall have no rights to control or direct the investment or payment of funds therein except as may be expressly provided herein. Any Reserves that Lender may hold pursuant to the Loan Agreement may be held by Lender in the Central Account (including in a Sub-Account thereof) or may be held in another account or manner as specified in the Loan Agreement.
Central Account. On or before the Closing Date, pursuant to the --------------- terms of the Cash Management Agreement, Borrower shall establish and maintain, at the Central Account Bank, an Eligible Account in the name of the Lender, as secured party hereunder, to serve as the "Central Account" (said account, and --------------- any account replacing the same in accordance with this Loan Agreement and the Cash Management Agreement, the "Central Account") The Central Account shall be under the sole dominion and control of Lender (which dominion and control may be exercised by Servicer); and except as expressly provided hereunder and/or in the Cash Management Agreement, Borrower shall have no rights to control or direct the investment or payment of funds therein. Lender may elect to change the financial institution in which the Central Account shall be maintained upon at least five (5) Business Days' notice to Borrower. The Central Account shall be deemed to contain such sub-accounts as Lender may designate ("Sub-Accounts"), ------------ which may be maintained as separate ledger accounts and need not be separate Eligible Accounts. The Sub-Accounts shall include the following as more particularly described in the Cash Management Agreement:
Central Account. Borrower acknowledges and confirms that it --------------- has established and will maintain with Agent an Eligible Account for the purposes specified herein, which shall be entitled "Central Account for the benefit of Xxxxxxx Xxxxx Mortgage Lending, Inc., as secured party" (said account, and any account replacing the same in accordance with this Agreement, the "Central Account"). The Central Account shall be under the sole dominion and --------------- control of Lender and/or its designee including any Servicer of the Loan, and Borrower shall have no rights to control or direct the investment or payment of funds therein except as may be expressly provided herein. Any amounts that Lender may hold in reserve pursuant to the Loan Agreement may be held by Lender in the Central Account (including in a Sub-Account thereof) or may be held in another account or manner as specified in the Loan Agreement.
Central Account. 50 SECTION 8.05. Reports by Indenture Trustee to Bondholders; Access to Certain Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 SECTION 8.06. Release of Trust Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 SECTION 8.07. Amendment to Servicing Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 (iii) 5
Central Account. (a) On or before each Payment Date occurring in a month in which Percentage Rent is due under the Leases, the Issuer shall deposit, or cause to be deposited, an amount equal to the FF&E Quarterly Installment into the Central Account for allocation by the Servicer pursuant to the Servicing Agreement to the FF&E Reserve Sub-Account.
Central Account current account held by the CONCESSIONAIRE and exclusively handled by the financial agent, in which all the receivables from the TARIFF REVENUE of the CONCESSIONAIRE are deposited, pursuant to ANNEX XI - DRAFT OF ESCROW ACCOUNT AGREEMENT.
