Common use of Establishment of Sub-Accounts Clause in Contracts

Establishment of Sub-Accounts. Each Cash Collateral Account shall contain a Debt Service Payment Sub-Account, a Basic Carrying Costs Sub-Account and a Capital Reserve Sub-Account, each of which accounts (individually, a "Sub-Account" and collectively, the "Sub-Accounts") shall be an Eligible Account to which certain funds shall be allocated and from which disbursements shall be made pursuant to the terms of this Agreement.

Establishment of Sub-Accounts. Each The Cash Collateral Account shall contain a the Debt Service Payment Sub-Sub- Account, a the Basic Carrying Costs Sub-Account and a Account, the Capital Reserve Sub-Account and the Knightsbridge Cash Collateral Sub- Account, each of which accounts (individually, a "Sub-Account" and collectively, the "Sub-Accounts") shall be an either a separate Eligible Account to which certain funds shall be allocated and from which disbursements shall be made pursuant to the terms of this AgreementAgreement or a ledger entry under the Cash Collateral Account.

Establishment of Sub-Accounts. Each The Cash Collateral Account shall contain a the Basic Carrying Costs Sub-Account, the Debt Service Payment Sub-Account, a Basic Carrying Costs Sub-Account and a the Capital Reserve Sub-Account, the Securitization Expense Sub-Account and the Operating Expense Sub-Account each of which accounts (individually, a "Sub-Account" and collectively, the "Sub-Sub- Accounts") shall be an either a separate Eligible Account to which certain funds shall be allocated and from which disbursements shall be made pursuant to the terms of this AgreementAgreement or a ledger entry under the Cash Collateral Account.

Establishment of Sub-Accounts. Each The Cash Collateral Account shall contain a Property Tax Cost Sub-Account, a Debt Service Payment Sub-Account, a Basic Carrying Costs Sub-Account and a Capital Reserve an Operating Expense Sub-Account, each of which Sub-Accounts (i) may be ledger or book entry accounts and need not be actual accounts (individually, a "Sub-Account" and collectively, the "Sub-Accounts") and (ii) shall be an Eligible Account to which certain funds shall be allocated and from which disbursements shall be made pursuant to the terms of this Loan Agreement.