FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

FF&E Reserve Account means an account established for a reserve for replacements, substitutions and additions to the FF&E.

FF&E Reserve Account as defined in Section 2.1(f).

Examples of FF&E Reserve Account in a sentence

Notwithstanding anything to the contrary contained herein, in no event shall Borrower be required to maintain in the FF&E Reserve Account an amount in excess of the aggregate amount of all FF&E deposits required to be made in the preceding calendar year (as determined, for purposes of this sentence, utilizing the monthly formula set forth in the preceding sentence).
The insufficiency of any balance in the FF&E Reserve Account shall not relieve Borrower from its obligation to fulfill all preservation and maintenance covenants in the Loan Documents.
The FF&E Reserve shall be held in an Eligible Account entitled "FF&E Reserve Account for the benefit of Xxxxxxx Xxxxx Mortgage Lending, Inc., as secured party" which account shall be under the sole dominion and control of Lender, subject to the terms of the Cash Management Agreement.
Notwithstanding anything to the contrary contained herein, in no event shall Borrower be required to maintain in the FF&E Reserve Account an amount in excess of the aggregate amount of all FF&E deposits required to be made in the trailing twelve (12) month period (as determined, for purposes of this sentence, utilizing the monthly formula set forth in the preceding sentence, as reduced pursuant to withdrawals thereunder to pay the Loan pursuant to Section 7.3.2(a)).
Any funds remaining in the FF&E Reserve Account at the end of a Fiscal Year shall be carried forward to the next Fiscal Year.

More Definitions of FF&E Reserve Account

FF&E Reserve Account means the account established pursuant to Section 2.11(d).

FF&E Reserve Account means, with respect to each Collateral Property, an account into which the FF&E Reserve shall be deposited from time to time as provided in Section 8.20.

FF&E Reserve Account has the meaning set forth in Section 9.2.1(h) hereof.

FF&E Reserve Account means funds available for the repair, replacement or refurbishment of FF&E, which funds shall be provided by, and under the control of, Tenant through monthly payment into an account established on the Commencement Date by Tenant and maintained by Tenant during the Lease Term.

FF&E Reserve Account has the meaning ascribed to such term in Section 5.04.A.

FF&E Reserve Account means a sub-account of the Cash Management Account, or, at Administrative Agent’s election, a separate account at Administrative Agent, for the deposit of FF&E Reserve Funds.

FF&E Reserve Account. Each Reserve Account shall be a custodial account established by Lender and shall not constitute a trust fund. At Lender’s option, funds deposited into a Reserve Account may be commingled with other money held by Lender or its servicer. Borrower acknowledges and agrees that the Reserve Accounts are subject to the sole dominion, control and discretion of Lender, its authorized agents or designees, subject to the terms hereof. Borrower shall not have the right to make any withdrawal from any Reserve Account.