Designation of Accounts. (i) The Custody Account will be in the name of the Client or such other name as the Client may reasonably designate and will indicate that Securities do not belong to the Custodian and are segregated from the Custodian’s assets.
(ii) The Cash Account will be in the name of the Client or such other name as the Client may reasonably designate and will be held by the Custodian as banker.
Designation of Accounts. In connection with such conveyance, the Assuming Entity agrees, at its own expense, on or prior to the Assumption Date, to deliver to the Trustee, a computer file or microfiche list containing a true and complete list of all such Accounts or Participation Interests transferred by the Funding to the Assuming Entity pursuant to this Agreement, specifying (x) for each such Account, as of the Assumption Date, (i) its account number, (ii) the collection status, (iii) the aggregate amount of Receivables outstanding in such Account and (iv) the aggregate amount of Principal Receivables outstanding in such Account and (y) for each such Participation Interests, as of the Assumption Date, information comparable to the information delivered under (x) above. Such file shall be marked as Schedule 1 to this Agreement and, as of the Assumption Date, shall be incorporated into and made a part of this Agreement.
Designation of Accounts. (i) The Custodian shall establish and maintain a separate Cash Account and Custody Account for each Portfolio and shall credit the applicable Cash Account or Custody Account of each Portfolio with all Securities or Cash, as applicable, received by it for the account of such Portfolio and shall charge such Cash Account or Custody Account with the liabilities of such Portfolio.
(ii) Each Custody Account will be in the name of the Client, on behalf of a particular Portfolio, or such other name as the Client may reasonably designate and will indicate that Securities do not belong to the Custodian and are segregated from the Custodian’s assets.
(iii) Each Cash Account will be in the name of the Client, on behalf of a particular Portfolio, or such other name as the Client may reasonably designate.
Designation of Accounts. Each Borrower shall on or before the first Utilisation Date, open and maintain in its name the following bank accounts within the Amsterdam branch of the Account Bank:
(a) a deposit account in Dollars designated "Facility Account"; and
(b) a deposit account in Dollars designated "Collection Account", and each of the Company and ANNV shall on or before the first Utilisation Date open and maintain in its name with the Amsterdam branch of the Account Bank a deposit account in EURO designated Collection Account.
Designation of Accounts. (a) The Borrower must maintain the following bank accounts in the name of the Borrower with Barclays Bank PLC:
(i) an interest bearing account designated the Operating Account;
(ii) a current account designated the General Account;
(b) The Borrower must not, without the prior consent of the Lenders, maintain any other bank account.
Designation of Accounts. (a) The Obligors shall maintain the following bank accounts in the name of the Borrower:
(i) a rental income account designated the “Rental Income Account”;
(ii) a mandatory prepayment account designated the “Mandatory Prepayment Account”;
(iii) a cash trap account designated the “Cash Trap Account”;
(iv) an LTV cure account designated the “LTV Cure Account”;
(v) a DSCR cure account designated the “DSCR Cure Account”;
(vi) a reserves account designated the “Reserves Account”;
(vii) a special reserves account designated the “Special Reserves Account”;
(viii) a collection account designated the “Collection Account” and
(ix) a current account designated the “General Account”.
(b) No Obligor may, without the prior written consent of the Agent (acting on the instructions of the Majority Lenders), maintain any bank account other than those listed in Clause 18.1(a) above.
Designation of Accounts. In order to use iPay, you understand that you must have a checking account with the Credit Union. That checking account, or the one you designate if you have more than one, will be treated as the designated checking account for transactions accomplished through iPay. Bill payments may only be processed using your designated Account.
Designation of Accounts. The Company shall maintain a deposit account in the name of the Company designated the "DEBT SERVICE RESERVE ACCOUNT" at the Security Agent (or an Affiliate of the Security Agent).
Designation of Accounts. (a) The Borrower must maintain the following bank accounts in its name:
(i) a disbursements account designated the Disbursement Account; and
(ii) a master proceeds account designated the Master Proceeds Account.
(b) Each Asset Company (other than the Danish Asset Company and the Swedish Asset Company) and each Managing Company must maintain the following bank accounts in its name:
(i) a disbursements account designated the Disbursements Account;
(ii) a master proceeds account designated the Master Proceeds Account; and
(iii) for each Property that it owns, a property proceeds account designated a Property Proceeds Account.
(c) The Company, the Danish Asset Company and the Swedish Asset Company must maintain a disbursements account in its name designated the Disbursement Account.
(d) The Obligors must not, without the prior consent of the Facility Agent, maintain any other bank accounts other than an expenses account in the Borrower’s name with Société Générale designated the Expenses Account.
Designation of Accounts. (a) The Company must maintain the following bank accounts in the name of the Company with an Approved Bank:
(i) a rent account designated the "Rent Account";
(ii) a current account designated the "General Account";
(iii) a deposit account designated the "Reserve Account";
(iv) a deposit account designated the "Disposal Account";
(v) a deposit account designated the "Insurance Account"; and
(vi) a deposit account designated a "Security Reserve Account".
(b) The Company must not, without the prior consent of the Facility Agent, maintain any other bank account other than:
(i) a Deposit Account opened with an Approved Bank for the purposes of curing a failure to comply with Clause 18.8 (Interest Cover); and
(ii) a Costs Reserve Account opened with an Approved Bank for the purpose of constituting a reserve in accordance with Clause 9.5(a)(iii) (Partial Payments). LEGAL_EU # 10964296.8
