Borrower Revenue Account definition

Borrower Revenue Account has the meaning set forth in Section 3.01 (Establishment of Accounts – Borrower Accounts) of the Accounts Agreement.
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Borrower Revenue Account shall have the meaning given to the term “Revenue Account” in the Depositary Agreement.
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Borrower Revenue Account means the “Borrower Revenue Account” established and created with the Depositary Bank pursuant to Section 2.01(a) (Establishment of Project Accounts, Etc.).
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Examples of Borrower Revenue Account in a sentence

  • Je nesmírně důležité postarat se o spokojenost zákazníků, jelikož ti dále mohou šířit dobré jméno firmy mezi svými známými a doporučit návštěvu, což je ta nejlepší a nejlevnější reklama.

  • Each of the Borrower Revenue Account, the Capital Improvements Account and the Lessee Revenue Account shall have been established to the reasonable satisfaction of the Administrative Agent.

  • As of the date hereof and as of the Bring Down Date, the Borrower does not have, and is not the beneficiary of, any bank account other than (i) the Borrower Revenue Account and the Capital Improvements Account and (ii) Local Accounts set forth on Schedule 5.32 with respect to which Blocked Account Agreements have been duly executed and delivered.

  • Unless otherwise expressly provided in the Financing Documents, (i) any amounts required to be transferred from the Borrower Revenue Account to the Debt Service Payment Account pursuant to Section 2.06(c) (Transfers from the Revenue Account), and (ii) any amounts transferred from other Project Accounts or Company Accounts to fund shortfalls in accordance with Section 2.07(c) (Debt Service Payment Account Shortfalls), in each case, shall be deposited into the Debt Service Payment Account.

  • Such funds shall be held in such account until the expiration of the Interest Period applicable to the LIBOR Loan to be prepaid at which time the amount deposited in such account shall be used to prepay such LIBOR Loan and any interest accrued on such amount shall be deposited into the Borrower Revenue Account.

  • Notwithstanding anything herein to the contrary, no amounts contained in the Borrower Revenue Account shall be used to pay principal of, premium, if any or interest on the Bonds so long as amounts are available to be drawn under the Letter of Credit for such purposes.

  • For the avoidance of doubt, any interest accruing on any unpaid Investor Fee shall not be paid out of the Borrower Revenue Account, but shall be paid by REG to Holdco.

  • For purposes of the previous sentence, "cash collateral" includes amounts in the Borrower Revenue Account prior to Term-Conversion.

  • Such compensation, reimbursement and indemnity shall be paid by the Borrower pursuant to Section 9.3 of the Loan Agreement; provided, however, that to the extent not so paid, the Trustee may make disbursements from the Borrower Revenue Account of the Revenue Fund to pay such amounts.

  • Any proceeds from an exercise of the Put Option or Purchase Option, in excess of the amounts required to be applied to a prepayment of the Loans (other than the Security Fund LC Loans) to the levels as set forth in clauses (a) and (b) will be released upon Term-Conversion, and until then held in the Borrower Revenue Account as security for the Obligations of Borrower, or to the extent received after Term-Conversion, released immediately to Sponsor without condition.


More Definitions of Borrower Revenue Account

Borrower Revenue Account means the account so designated and established pursuant to Section 5.2 hereof.
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Borrower Revenue Account has the meaning given to such term in Section 1.01(c) (Definitions) of the Accounts Agreement.
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Related to Borrower Revenue Account

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Finance Charge Account is defined in Section 4.9(a).

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.

  • Borrower’s Account shall have the meaning set forth in Section 2.8.

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class C( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Yield Supplement Account Deposit means the initial deposit of cash in the amount of $[_________] made by or on behalf of the Seller into the Yield Supplement Account on the Closing Date.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."