Distributions Account definition

Distributions Account means the account:

Distributions Account has the meaning given to it in the Account Agreement.

Distributions Account the Distributions Account established and maintained pursuant to the Security Deposit Agreement.

Examples of Distributions Account in a sentence

• Save where the Trustee-Manager is fraudulent, in wilful default or negligent, the Trustee-Manager shall not incur any liability to the Unitholders in respect of or be responsible for losses incurred through the insolvency of, or any act or omission of, any of the licensed banks in Hong Kong with which the Distributions Account, the Custody Account and/or the Subscriptions Account is opened.

• The Facility Lessee shall maintain all of its banking accounts with the Collateral Agent (or the Collateral Agent's designee in the case of accounts that are not trust accounts), except for the Distributions Account and the Operating Account.

• The Facility Lessee shall cause all Revenues and Recovery Event Proceeds and all cash, cash equivalents, instruments, investments and other securities in its possession (excluding amounts received by the Facility Lessee as transfers from the Operating Account or the Distributions Account in accordance with this Agreement) to be delivered immediately to the Collateral Agent for deposit into the Accounts pursuant to Article III.

• Following the end of the Lease Term of the applicable Facility Lease and the payment in full of all Rent, Termination Value and other amounts due and owing from the Facility Lessee under such Facility Lease and the other Operative Documents, the Collateral Agent shall transfer, all the funds on deposit in the applicable subaccount of the Suspended Distributions Account to the Facility Lessee.

• Subject to Section 4.13 hereof, on each Monthly Transfer Date or Restricted Payment Date (as applicable), the Collateral Agent shall make transfers from the funds on deposit in the applicable subaccount of the Suspended Distributions Account in accordance with Sections 4.1(b) and 4.6(d).

More Definitions of Distributions Account

Distributions Account means the account so designated opened and maintained in accordance with the Accounts Agreement, in the name of the Issuer, with the Lead Account Bank;

Distributions Account means the bank account to be opened and operated in accordance with Clause 18.2;

Distributions Account has the meaning given to that term in the Trust Deed;

Distributions Account has the meaning set forth in Section 5(a).

Distributions Account means the account held and maintained by the Borrower pursuant to Clause 9.

Distributions Account means the account opened and maintained by ProjectCo with the Account Bank in accordance with clause 13 of the Accounts Agreement;

Distributions Account means the dollar account in London so designated, in the name of the Company and held with the Account Bank;