Clearing Account Agreement definition

Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

Clearing Account Agreement means the agreement between Citibank and the relevant Settlement Bank relating to the provision of Services for Settlement as defined in the CTS Bye-Laws (Non-SGD Clearing);

Examples of Clearing Account Agreement in a sentence

• The Clearing Account Agreement and Clearing Account shall remain in effect until the Loan has been repaid in full.

• Additionally, subject to the provisions of Section 3.1 and the Clearing Account Agreement and the Deposit Account Agreement, the Manager has control of all operating and other bank accounts with respect to the Property.

• Borrower shall cause all Rents to be transmitted directly by tenants of the Property into an Eligible Account (the “Clearing Account”) maintained by Borrower at a local bank selected by Borrower, which shall at all times be an Eligible Institution (the “Clearing Bank”) as more fully described in the Clearing Account Agreement.

• The Clearing Account Agreement and Clearing Account shall remain in effect until the Debt has been paid in full.

• Borrower shall cause all Rents to be transmitted directly by non-residential tenants of the Property into an Eligible Account (the “Clearing Account”) maintained by Borrower at a local bank selected by Borrower, which shall at all times be an Eligible Institution (the “Clearing Bank”) as more fully described in the Clearing Account Agreement.

More Definitions of Clearing Account Agreement

Clearing Account Agreement. As defined in the Mortgage Loan Agreement.

Clearing Account Agreement. 1.1 (Definition of Loan Documents) “Clearing Bank” - 3.1 “Condemnation” - 7.3.1

Clearing Account Agreement shall have the meaning set forth in Section 2.7.1 hereof.

Clearing Account Agreement means that certain Deposit Account Control Agreement dated the date hereof by and among Borrower, Agent (on behalf of Lenders) and Wxxxx Fargo Bank, National Association.

Clearing Account Agreement means that certain Deposit Account Control Agreement by and among Borrower, Lender and KeyBank, National Association, dated as of the date hereof, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance with the terms hereof.

Clearing Account Agreement means that certain Clearing Account Agreement, dated as of even date hereof by and among Borrower and Agent.

Clearing Account Agreement means the agreement by and among Borrower, Lender and the Clearing Bank.