FF&E Account definition

FF&E Account means, by its acronym in English (Furniture Fixtures and Equipment), the account opened and maintained by the trustee of the Guarantee Trust to: (i) pay the costs of maintenance, acquisition, repair of furniture or any other equipment that is not permanently incorporated into the structure, construction or soil of the Project and (ii) pay for necessary improvements and non-structural maintenance required by the Property, which must be provided with the amounts and on the dates described in the Guarantee Trust.
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FF&E Account shall have the meaning set forth in Section 6.5.1.
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FF&E Account means the CZK, EUR and USD bank account opened and held by the Lessee with Accounts Administrator having account number ▇▇▇▇▇▇▇.
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Examples of FF&E Account in a sentence

  • The subordination agreement shall provide, among other things, that the tenant's right, title and interest under the lease is subordinate to the lien of Bank's Assignment of Leases and Rents, Security Agreement and Assignment of FF&E Account.

  • Borrower shall not permit the amounts contained in the Approved Operating Account, the Approved FF&E Account or any other account owned by Borrower or Operating Lessee to be commingled with the funds of any other Person.

  • Except for Earnings on the FF&E Account, and except as contemplated by the Management Agreement and the Assignment with respect to the FF&E Account, no other funds shall be deposited into the FF&E Account and the Borrower shall not commingle funds on deposit in the FF&E Account with its other funds or funds of any other Person.

  • Subject to Clause 10.9(c), the State will transfer an amount to the FF&E Account, reasonably determined by it, so that there are funds for the next 3 Months for the procurement of Group 4 FF&E.

  • The Borrower and the Manager agree that funds on deposit in the FF&E Account (including Earnings thereon) may only be used for the purpose of payment of the costs of FF&E Replacements (as defined in the Management Agreement) as contemplated by Section 7.02 of the Management Agreement and by the Assignment.


More Definitions of FF&E Account

FF&E Account. The meaning specified in the Loan Agreement.
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FF&E Account has the meaning specified in Section 7.1(f). ------------
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FF&E Account means the bank account required by the terms of the LTF CO Lease to be established (either in the name of Borrower or LTF CO), maintained and funded monthly by LTF CO in the amount equal to (i) the product of (A) $7,333.33, and (B) the number of Properties then demised by the LTF CO Lease, less any amounts expended by LTF CO during the prior month for which it would have been entitled to withdraw funds from the FF& Account, or (ii) such lesser amount as is necessary to cause the balance therein to equal the product of (C) $333,333.33, and (D) the number of Properties then demised by the LTF Lease, which funds may be withdrawn by LTF CO from time to time to pay for acquisitions, repairs to or replacements of furniture, fixtures and equipment, including fitness and similar equipment used by LTF CO in the operation of its business in the Properties.
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FF&E Account shall have the meaning assigned to such term in Section 4.23 hereof.
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FF&E Account means a deposit account establish by a Loan Party into which such Loan Party only deposits amounts in respect of furniture, fixture and equipment reserves as required by the terms of a Sunrise Operating Agreement.
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FF&E Account has the meaning assigned in Section 2.4(a).
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FF&E Account means the current account so designated and referred to in Clause 20 (Bank Accounts).
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