Clearing Account Agreements definition

Clearing Account Agreements means those certain Deposit Account Control Agreements, dated the date hereof among the applicable 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 Accounts (each, individually, a “Clearing Account Agreement”).
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Clearing Account Agreements means those certain agreements relating to funds deposited in the Clearing Accounts and the Concentration Account.
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Clearing Account Agreements those certain Clearing Account Agreements dated as of the date hereof, among Lessee, Lessor, Operator and Clearing Account Banks.
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Examples of Clearing Account Agreements in a sentence

  • The Account Representative shall have and may exercise such powers under the Clearing Account Agreements and the Cash Management Agreement as are specifically delegated to the Account Representative by the terms of each thereof, together with such powers as are reasonably incidental thereto.

  • Each Individual Borrower hereby designates LLC Borrower, as Individual Borrower and agent for Borrower (“Account Representative”), as the contractual representative of the Borrower with respect to the Clearing Accounts and the Deposit Account in connection with the Clearing Account Agreements and the Cash Management Agreement.

  • Except as may be expressly permitted in the Clearing Account Agreements, Lender and Servicer shall have the sole right to make withdrawals from the Clearing Accounts and all costs and expenses for establishing and maintaining the Clearing Accounts shall be paid by Borrower.

  • The reference to the defined term "Clearing Account Agreements" in Section (v) of the definition of "Loan Documents" in the Loan Agreement is hereby modified to refer to that certain Deposit Account Control Agreement of even date herewith by among Assuming Borrower, Lender and the Manager and Clearing Bank named below.

  • Once the Clearing Accounts are established pursuant to the Post Closing Letter, Borrower and Manager shall deposit all Rents and other Gross Revenue collected by Borrower, Manager or their Affiliates directly into the appropriate trust account (the “Clearing Accounts”) established and maintained by Borrower at a local bank selected by Borrower and reasonably approved by Lender and Manager (the “Clearing Bank”) as more fully described in the Clearing Account Agreements.

  • Borrower shall direct the Manager to deposit all Rents (excluding security, utility and other deposits) in accordance with the Clearing Account Agreements and the Cash Management Agreement.

  • Borrower shall pay the ongoing fees of the Agent under the Cash Management Agreement; each Clearing Account Bank under the Clearing Account Agreements; and the Manager(s) under the Management Agreement(s).

  • Borrowers shall cause all Rents of tenants at each Property to be transmitted directly by such tenants, and all Rents in the nature of sums payable by issuers of credit cards accepted at each Property to be transmitted directly by such issuers, in each case into a trust account (the "CLEARING ACCOUNT") maintained by the applicable Borrower at a local bank selected by such Borrower (each, a "CLEARING BANK") as more fully described in the Clearing Account Agreements.


More Definitions of Clearing Account Agreements

Clearing Account Agreements. 1.1 (Definition of Loan Documents) “Clearing Bank” - 3.1 “Condemnation” - 7.3.1
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Clearing Account Agreements means those certain Clearing Account Control Agreements, each dated of even date herewith by and among the applicable Individual Borrower(s), Operating Lessee, Lender, the applicable Manager and Clearing Account Bank for each applicable Individual Property or Individual Properties, as the case may be, in effect from time to time in accordance with the terms and conditions of the Loan Documents and as the same may be amended, restated, replaced, extended, renewed, supplemented or otherwise modified from time to time.
Sample 1
Clearing Account Agreements means the Clearing Account Agreement (Borrower), the Hxxxxxxxx Clearing Account Agreement, the Nocona Clearing Account Agreement, and the Olney Clearing Account Agreement, each of which is a “Clearing Account Agreement”.
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Clearing Account Agreements means collectively, the Clinton Clearing Account Agreement and the Manor Clearing Account Agreement.
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Clearing Account Agreements means those certain Deposit Account Control Agreements, dated the date hereof among the applicable 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 Accounts (each, individually, a “ Clearing Account Agreement ”).
Sample 1

Related to Clearing Account Agreements

  • 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.

  • Account Agreements means any lockbox account agreement, pledged account agreement, blocked account agreement, securities account control agreement, or any similar deposit or securities account agreements among the Notes Agent and/or the ABL Agent, one or more Grantors and the relevant financial institution depository or securities intermediary.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

  • Account Agreement means the agreements for the operation of the Account.

  • Blocked Account Agreement means an agreement among the Borrower, the Agent and a Clearing Bank, in form and substance reasonably satisfactory to the Agent, concerning the collection of payments which represent the proceeds of Accounts or of any other Collateral.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • 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.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Collection Account Bank and Lender providing for the exclusive control of the Collection Account and all other Accounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender.

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Account Control Agreement(s) means any agreement entered into by and among the Agent, Borrower and a third party Bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which grants Agent a perfected first priority security interest in the subject account or accounts.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • 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.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.