Central Account definition

Central Account means an Eligible Account, maintained at the Bank, in the name of Lender or its successors or assigns (as secured party) as may be designated by Lender.

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Central Account the account of SPV Long Only as specified in the document Investment Services in the Investment Services Information.

Central Account and “Central Account Bank” have the meanings set forth in Section 7.1.

Examples of Central Account in a sentence

• If any Loss Proceeds are received by Borrower, such Loss Proceeds shall be received in trust for Lender, shall be segregated from other funds of Borrower, and shall be forthwith paid into the Central Account, or paid to Lender to hold in a segregated bank account at the Bank, in each case to be applied or disbursed in accordance with the foregoing.

• Any Loss Proceeds made available to Borrower for restoration in accordance herewith, to the extent not used by Borrower in connection with, or to the extent they exceed the cost of, such restoration, shall be deposited into the Central Account, whereupon Lender shall apply the same to reduce the Debt in accordance with the terms of the Note.

• All amounts paid by the issuer of the Rate Cap Agreement (the “Counterparty”) to Borrower or Lender shall be deposited immediately into the Central Account.

• Lender may elect to change the financial institution in which the Central Account shall be maintained; however, Lender shall give Borrower and the bank in which the Rent Account is located not fewer than five (5) Business Days’ prior notice of such change.

• Lender has established the Escrow Accounts and the Central Account in the name of Lender as secured party and Borrower has established the Rent Account in the joint names of Lender, as secured party, and Borrower.

More Definitions of Central Account

Central Account has the meaning assigned thereto in the Cash Management Agreement.

Central Account the account of SPV (which may be a different account in different countries) as specified on the Website and on the Trading Platform.

Central Account has the meaning specified in the Loan Agreement.

Central Account means that certain deposit account into which Borrower shall direct Lender to deposit Advances under the Borrowing Base.

Central Account has the meaning set forth in Section 7.1

Central Account means an Eligible Account, maintained at the Bank, in the name of Mortgagee or its successors or assigns (as secured party), as may be designated by Mortgagee, and established for the benefit of Mortgagee and Mortgagor.

Central Account means an Eligible Account, maintained at the Bank, in the name of Beneficiary or its successors or assigns (as secured party) as may be designated by Beneficiary.