Borrower Accounts definition

Borrower Accounts shall have the meaning assigned to it in Annex C.

Borrower Accounts has the meaning set forth in Section 8.1(c).

Borrower Accounts shall have the meaning assigned to it in ANNEX C.

Examples of Borrower Accounts in a sentence

• All correspondence received by the Servicer relating to individual Borrower Accounts shall be maintained by the Servicer as required under this Agreement and shall be made available to FMC during Servicer’s normal business hours.

• Subject to this Schedule 8, the Borrower Standstill Cash Manager acknowledges that all amounts due to be paid to the Borrower Standstill Cash Manager shall be paid in accordance with the Pre-Enforcement Priority of Payments or the Post- Enforcement Priority of Payments (as applicable) and it will have no recourse against any funds standing to the credit of the Borrower Accounts or against any other account or any party other than the Obligors in respect of its fees or expenses.

• The Borrower Standstill Cash Manager may not set off, transfer, combine or withhold payment of any sum standing to the credit of the Borrower Accounts in or towards or conditionally upon satisfaction of any liabilities to it of any Obligor or the Borrower Security Trustee.

• All correspondence received by Servicer relating to individual Borrower Accounts shall be maintained by the Servicer and shall be made available to Program Administrator during Servicer’s normal business hours.

• Subject to Clause 6.2.4 and Clause 13.1 (No set-off exercised against Borrower Accounts) and the Post-Enforcement Priority of Payments, the Account Bank acknowledges that it will have no recourse against any funds standing to the credit of the Borrower Accounts or against any other account in respect of its fees or expenses that are attributable to an Obligor.

More Definitions of Borrower Accounts

Borrower Accounts means, collectively, the Collection Account and the Custodial Account.

Borrower Accounts means collectively the Property Accounts, the Clearing Accounts and the Disbursement Accounts.

Borrower Accounts means the Interest Collection Account, the Payment Account, the Collateral Account, the Principal Collection Account and the Margin Account.

Borrower Accounts means all bank accounts of the Borrower, other than the Employee Personal Guarantee Accounts.

Borrower Accounts has the meaning ascribed to it in Annex C. ----------------- -------

Borrower Accounts means, collectively, any and all bank and other deposit accounts owned, established, held or maintained by or on behalf of Borrower and relating to the operation or management of the Property or any portion thereof, including (without limitation) the Collection Accounts, the Borrower Disbursement Account and any bank and other deposit accounts of any Manager or any other Person, held on behalf of or for the benefit of Borrower, each of the foregoing existing on the date hereof being identified on Schedule V, as such accounts may be transferred, replaced, supplemented or modified from time to time in accordance with the terms hereof.

Borrower Accounts means the Borrower Revenue Account and the Capital Improvements Account.