The Deposit Account. On or before the date hereof, Lender shall have established the Deposit Account at the Deposit Bank. Any amounts deposited into the Deposit Account shall be applied and disbursed in accordance with the terms and provisions of this Agreement and the Deposit Account Agreement.
The Deposit Account. Notwithstanding Clause 9.1, the Borrower and each Assignor shall pay or cause to be paid to the credit of the Prepayment Escrow Account all Insurance Proceeds received or receivable by it (in respect of any one claim but aggregating all claims in respect of the same or related incidents) except (i) for all costs or expenses reasonably incurred in procuring the recovery of the Insurance Proceeds, which it shall be entitled to apply in meeting or relieving the same and (ii) to the extent that proceeds of claims under third party liability policies are applied directly in discharge of the relevant claim and provided that after the occurrence of an Event of Default which is continuing, all Insurance Proceeds [Group Assignment of Insurances] received or receivable by the Borrower or any Assignor, shall be paid or caused to be paid directly into the Prepayment Escrow Account (except to the extent that proceeds of claim under third party liability policies are applied by the Insurers directly in discharge of the relevant claim for the purposes of making a Mandatory Prepayment under Clause 7.5B of the Facility Agreement).
The Deposit Account. 23.1. Your Deposit Account shall be of a type of account approved by CIMB Bank.
The Deposit Account. 3.1 The Landlord shall forthwith place the Deposit in the Deposit Account until withdrawal or repayment of the Deposit in accordance with the terms of Clause 6 below
The Deposit Account. Depositary Bank hereby represents and warrants to Secured Party and Grantor that (a) the Deposit Account has been established in the name of Grantor as recited above, (b) any balances in the Deposit Account are valid and legally binding obligations of Depositary Bank, and (c) except for the claims and interest of Secured Party and of Grantor in the Deposit Account, Depositary Bank does not know of any claim to or interest in the Deposit Account or in any balances maintained therein. 252
The Deposit Account. Depositary Bank hereby represents and warrants to Secured Party and Grantor that (a) the records of Depositary Bank show that Grantor is the sole owner of the Deposit Account, (b) any balances in the Deposit Account are valid and legally binding obligations of Depositary Bank, (c) Depositary Bank has not been served with any notice of levy or received any notice of any security interest in or other claim to the Deposit Account, or any portion of the financial assets maintained therein, other than Secured Party's claim pursuant to this Control Agreement, and (d) Depositary Bank is not presently obligated to accept any entitlement order from any person with respect to the Deposit Account or any portion of the financial assets on deposit therein , except for entitlement orders that Depositary Bank is obligated to accept from Secured Party under this Control Agreement and entitlement orders that Depositary Bank, subject to the provisions of Section 2 below, is obligated to accept from Grantor.
The Deposit Account. (a) On or before the date of this Agreement, Pledgor(s) has placed a sum or sums in immediately available funds on deposit with the Bank in an account as further identified above under Specific Terms (individually and collectively the "Deposit Account"). The Deposit Account and any interest or other income thereon or proceeds thereof shall be kept on deposit at the branch, office, or subsidiary of the Bank identified above (such branch, office, or subsidiary sometimes referred to hereinafter as the "Depository"). The Deposit Account shall be kept under the sole dominion and control of the Depository, subject however to the instructions of the Bank and of each branch, office or subsidiary thereof at which any Liabilities are carried on the books and records. Other than pursuant to, and in accordance with, Section 33 of this Agreement, Pledgor(s) shall have no right to withdraw any amounts from the Deposit Account, including any interest paid thereon, unless and until the Liabilities shall have been paid in full.
The Deposit Account a ) CNF shall establish a deposit account as security for the Grantor's obligations under this Agreement (the "De posit Account") into which all Casualty Deposits and Default Deposits shall be deposited. CNF shall maintain exclusive control of the Deposit Account and the amounts on deposit therein, including any Earnings. CNF shall apply any funds held in the Deposit Account to satisfy any Secured Obligations that become due and payable to CNF and in the following order: (i) first, funds which constitute Earnings, (ii) second, funds which constitute Casualty Deposits and (iii) third, funds which constitute Default Deposits.
The Deposit Account. 20 2.6.3 ALL RENTS TO BE DEPOSITED INTO ACCOUNT A. . 20 2.6.4
The Deposit Account. All funds received in the operation of the Hotel (including all cash, checks and credit card receipts) shall be deposited in the Deposit Account, in such federally insured banks, savings and loans or trust companies as may be selected by Owner and reasonably approved by any lender under a mortgage loan. The Deposit Account shall be under the control of Owner.
