Borrower Operating Account definition

Borrower Operating Account means the account of the Borrower specified on Schedule H hereto.

Borrower Operating Account means the segregated account or accounts established by the applicable Pledgor at the Operating Account Bank exclusively for the benefit of Borrowers (and, with respect to Security Deposits, Tenants to the extent required under applicable law) into which (i) Income received with respect to the Financed Rental Properties, (ii) all taxes and insurance escrow amounts for the Financed Rental Properties, and (iii) all Security Deposits with respect to the Financed Rental Properties, will be deposited and held, and which shall be subject to an Operating Account Control Agreement.

Borrower Operating Account means the account of the Borrower which is identified by account number 4229995642 and ABA number 000000000.

Examples of Borrower Operating Account in a sentence

• Borrowers shall cause the applicable Pledgor to (i) promptly upon receipt, deposit all such Income received on account of the Rental Property directly into the applicable Borrower Operating Account, and (ii) on each Remittance Date withdraw all such Income (excluding Security Deposits and taxes and insurance escrow amounts) from the applicable Borrower Operating Account and remit such Income to the Waterfall Account.

• Notwithstanding the preceding provisions, if an Event of Default exists, Borrowers shall have no further rights to access any funds on deposit in Borrower Operating Account, and Lender shall have the right to withdraw all funds on deposit in Borrower Operating Account and Waterfall Account and apply such funds as determined by Lender in its sole discretion until all Secured Obligations are paid in full, and any remainder shall be paid to Borrower.

• Hameed (2005) develops an index of fiscal transparency based on IMF (ROSC) reports on the adherence to the Code of Good Practices on Fiscal Transparency.

• Advances deposited by or on behalf of the Lenders into the Borrower Operating Account or to a Construction Account established by the Collateral Account Pledge Agreement shall be deemed fully made to Borrower on the date of such deposit.

• Administrative Agent will make such Loans available to Borrower by promptly crediting the amounts so received, in like funds, to the Borrower Operating Account maintained with Collateral Agent, unless the Administrative Agent determines to direct funds to the applicable Borrower Construction Account maintained with the Collateral Agent.

More Definitions of Borrower Operating Account

Borrower Operating Account means the Borrower Operating Account established under the Collateral Account Pledge Agreement into which proceeds of the Loans hereunder will be deposited, unless directed to the Borrower Construction Account by the Administrative Agent.

Borrower Operating Account means an account specified to Lender by Borrower in writing from time to time as Borrower's operating account.

Borrower Operating Account means the account with SMBC in the name of Borrower to be created pursuant to and in accordance with the Account Control Agreement.

Borrower Operating Account means the deposit account maintained by Account Bank in the name of the Borrower in accordance with the terms of this Agreement, the Borrower Security Agreement and the Borrower Operating Account Control Agreement.

Borrower Operating Account shall have the meaning set forth in Section 9(d).

Borrower Operating Account shall have the meaning set forth in Section 2.6.1(a)(v).

Borrower Operating Account means the separate operating account at First Hawaiian Bank for each of Davies Center Borrower, Pan Am Borrower and Waterfront Borrower for each Property.