Cash Sweep Cash Collateral Account definition

Cash Sweep Cash Collateral Account shall have the meaning assigned to such term in the Senior Subsidiary Security Agreement.
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Cash Sweep Cash Collateral Account means the collateral account established as part of the Cash Management System at Citibank, N.A. and under the sole dominion and control of the Senior Collateral Agents, Account No. 00000000.
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Cash Sweep Cash Collateral Account as defined in Section 2.1.
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Examples of Cash Sweep Cash Collateral Account in a sentence

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  • Deposits in the Cash Sweep Cash Collateral Account shall be invested in Permitted Investments, to be selected by the Senior Collateral Agent in their sole discretion, and interest earned on such deposits shall be deposited in such account as additional collateral for the payment and performance of the Senior Obligations.

  • Deposits in the Cash Sweep Cash Collateral Account shall be invested in Permitted Investments, to be selected by the Senior Collateral Agents in their sole discretion, and interest earned on such deposits shall be deposited in such account as additional collateral for the payment and performance of the Senior Obligations.

  • The Accounts shall each be in the name of the Shelbourne OP or an Other Party as provided above; provided, however, the Account Parties acknowledge and agree that the Depository Accounts, the T/I CAPEX Fund Account, the Mandatory Principal Payment Account, and the Cash Sweep Cash Collateral Account are subject to the sole dominion, control and discretion of Agent, its authorized agents or designees, subject to the terms hereof and the other Loan Documents.

  • So long as no Default or Event of Default shall occur and be continuing, if and to the extent the Cash Sweep Account Test is thereafter satisfied, as and when determined solely by the Agent, the Agent, upon Borrower's written request, shall release or otherwise make available to the Shelbourne OP some or all of the amounts maintained in the Cash Sweep Cash Collateral Account (however, such release agreement specifically shall not relate to any funds in the T/I CAPEX Fund Accounts).

  • The Senior Collateral Agents shall have exclusive dominion and control, including the exclusive right of withdrawal, over the Cash Sweep Cash Collateral Account.

  • Neither Borrower nor any Other Party shall have the right of withdrawal with respect to any Depository Account, the T/I Fund Account, the Mandatory Principal Prepayment Account, and the Cash Sweep Cash Collateral Account.

  • The Borrower and the Shelbourne OP agree that appropriate procedures satisfactory to the Agent will be put in place such that during any period in which the Cash Sweep Account Test is not complied with, any funds in the Depository Accounts of any Property Owner shall be transferred to a designated Cash Sweep Cash Collateral Account in the name of the applicable Shelbourne OP.

  • In the event that prior to the occurrence of an Event of Default, Shelbourne OP is subsequently in compliance with the Cash Sweep Account Test, the provisions of Section 3.1(a)(i) shall be deemed to be in effect and any Funds in the Cash Sweep Cash Collateral Account shall be transferred to the Operating Account of respective Shelbourne OP.

  • The Senior Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the Cash Sweep Cash Collateral Account.


More Definitions of Cash Sweep Cash Collateral Account

Cash Sweep Cash Collateral Account means the collateral account established as part of the Cash Management System at Citibank,
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Related to Cash Sweep Cash Collateral Account

  • 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.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • Facility LC Collateral Account is defined in Section 2.20.11.

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

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • 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 [*];

  • 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.

  • Cash Collateral shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • 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.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • L/C Cash Deposit Account means an interest bearing cash deposit 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.

  • Cash Collateral Agreement shall have the meaning provided in Section 5.2(b).

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

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