Future Funding Reserve Account definition

Future Funding Reserve Account means the trust account established pursuant to Section 8.3(b).

Future Funding Reserve Account means the trust account established pursuant to Section 8.3(b). “Future Funding Reserve Loan” has the meaning set forth in Section 2.1.

Future Funding Reserve Account means the trust account maintained pursuant to Section 6.3(f).

Examples of Future Funding Reserve Account in a sentence

• The Borrower shall deposit the proceeds of such Loans in the Future Funding Reserve Account such that the amounts on deposit in the Future Funding Reserve Account equal the Unfunded Amount.

• In the event that the account bank at which the Future Funding Reserve Account is maintained ceases to be an Eligible Account Bank, or the account bank with respect to the Future Funding Reserve Account gives notice that it is terminating the Account Control Agreement, the Borrower shall, within 60 days of such occurrence, move the Future Funding Reserve Account to an Eligible Account Bank and cause the successor account bank to enter into a control agreement.

• Notwithstanding the foregoing, the amount of all funds on deposit in the Future Funding Reserve Account on any date that exceeds the aggregate Unfunded Amount on such date shall be transferred to the Collection Account on such date and applied as Principal Proceeds.

• By Borrower Order (which may be in the form of standing instructions), the Borrower may, so long as no Event of Default has occurred and is continuing, direct the Collateral Agent to, and, upon receipt of such Borrower Order, the Collateral Agent shall, invest all funds received into the Future Funding Reserve Account as so directed solely in overnight funds that are Eligible Investments.

• The Collateral Agent shall, on or prior to the Closing Date, establish with the Custodian a single, segregated non-interest bearing account in the name “ABPLF SPV I LLC Future Funding Reserve Account, subject to the lien of the Collateral Agent for the benefit of the Secured Parties”, which shall be designated as the “Future Funding Reserve Account” and which shall be governed solely by the terms of this Agreement and the Account Control Agreement.

More Definitions of Future Funding Reserve Account

Future Funding Reserve Account. The account established pursuant to Section 10.9 hereof.

Future Funding Reserve Account. The account required to be maintained by LCMT pursuant to the Future Funding Agreement.

Future Funding Reserve Account shall have the meaning set forth in Section 6.8.1 of the Senior Loan Agreement.

Future Funding Reserve Account means the trust account established pursuant to Section 8.3(b). ““ GAAP”” means generally accepted accounting principles in effect from time to time in the United States.

Future Funding Reserve Account. The meaning specified in the Servicing Agreement.

Future Funding Reserve Account. As defined in the Indenture. “Governmental Body”: Any nation or government, any state or other political subdivision thereof or any entity, authority, agency, division or department exercising the executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to a government (including any supra-national bodies such as the European Union or the European Central Bank) and any such group or body charged with setting financial accounting or regulatory capital rules or standards (including, without limitation, the Financial Accounting Standards Board, the Bank for International Settlements or the Basel Committee on Banking Supervision or any successor similar authority to any of the foregoing. “GPMT”: Granite Point Mortgage Trust Inc., a Maryland corporation, and it successors-in-interest. “Holder”: As defined in the Indenture. “Impaired Collateral Interest”: As defined in Section 3.17. “Indenture”: The Indenture, dated as of the Closing Date, among the Issuer, the Co-Issuer, the Advancing Agent, the Trustee and the Note Administrator. “Independent”: As defined in the Indenture. “Independent Contractor”: Any Person that would be an “Independent Contractor” with respect to GPMT (or any subsequent REIT) within the meaning of Section 856(d)(3) of the Code. “Inquiry”: As defined in the Indenture. “Insurance and Condemnation Proceeds”: All proceeds paid under any Insurance Policy or in connection with the full or partial condemnation of a Mortgaged Property, as applicable, in either case, to the extent such proceeds are not applied to the restoration of the related Mortgaged Property, as applicable, or released to the Obligor or any tenants or ground lessors, in either case, in accordance with the Servicing Standard. “Insurance Policy”: With respect to any Commercial Real Estate Loan, any hazard insurance policy, flood insurance policy, title insurance policy or other insurance policy that is maintained from time to time in respect of such Commercial Real Estate Loan or the related Mortgaged Property, as applicable. 00000000.

Future Funding Reserve Account means the non-interest bearing account (account number 117507-203 for the Initial Borrower and with the account number set forth in a Borrower Joinder Agreement for an Additional Borrower) established pursuant to Section 8.3(b).