Guarantor Account definition

Guarantor Account means the account at U.S. Bank, N.A. funded and maintained in accordance with the Guaranty and governed by the Guarantor Account Agreement.
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Guarantor Account is defined in Section 7.2(p).
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Guarantor Account shall have the meaning given to such term in the Depository Agreement.
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Examples of Guarantor Account in a sentence

  • Notwithstanding the provisions of Section 2.1, amounts shall only be withdrawn from any Guarantor Account to the extent that such withdrawal does not cause the relevant Guarantor Account to have a negative balance.

  • For greater certainty, amounts standing to the credit of the Partnership in any Guarantor Account will not constitute Substitute Assets.

  • Unless and until directed otherwise by the Bond Trustee, the Standby Account Bank shall and is hereby authorized to provide each of the Cash Manager, the Guarantor and the Bond Trustee with a written statement in respect of each Guarantor Account delivered in accordance with Section 12 on a monthly basis and also as soon as reasonably practicable after receipt of a written request for a statement.

  • The Committed Lenders shall respond in writing to the Company's request through the Administrative Agent within 15 Business Days by submitting a letter in the form of Attachment I to Exhibit G-1.

  • Notwithstanding the provisions of Section 2.1, amounts shall only be paid or withdrawn, as the case may be, from any Guarantor Account to the extent that such payment or withdrawal does not cause the relevant Guarantor Account to have a negative balance.

  • The Cash Manager will withdraw any Third Party Amounts received by the Guarantor and standing to the credit of a Guarantor Account and pay the same to the Seller provided that there are sufficient amounts standing to the credit of the relevant Guarantor Account to meet such payment.

  • Unless and until directed otherwise by the Bond Trustee, the Standby Account Bank shall and is hereby authorized to provide each of the Cash Manager, the Guarantor and the Bond Trustee with a written statement in respect of each Guarantor Account delivered in accordance with Article 12 on a monthly basis and also as soon as reasonably practicable after receipt of a written request for a statement.

  • Unless and until directed otherwise by the Bond Trustee, the Stand-By Account Bank shall and is hereby authorized to provide each of the Cash Manager, the Guarantor and the Bond Trustee with a written statement in respect of each Guarantor Account on a monthly basis and also as soon as reasonably practicable after receipt of a request for a statement.

  • Unless and until directed otherwise by the Bond Trustee in accordance with Section 11, the Account Bank shall provide each of the Cash Manager, the Guarantor and the Bond Trustee with a written statement in respect of each Guarantor Account held with it as soon as reasonably practicable after receipt of a request for a statement.

  • Notwithstanding the provisions of Section 2.1, amounts shall only be withdrawn from any Guarantor Account held with the Account Bank to the extent that such withdrawal does not cause the relevant Guarantor Account to have a negative balance.


More Definitions of Guarantor Account

Guarantor Account means each of the Fund XI Guarantor Account, the Fund XIII Guarantor Account, the Lessor Manager Guarantor Account and the Fund XVIII Guarantor Account.
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Guarantor Account means the demand deposit account of the Guarantor maintained at NationsBank, N.A. for the purpose of receiving deposits of Collections.
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Guarantor Account means an account to be notified by Ocin to Purchaser in writing at least ten (10) Business Days prior to the Closing Date.
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Guarantor Account means an account at the head office or any branch of The Bank of Tokyo-Mitsubishi UFJ, Ltd. opened and held by any Guarantor and approved by the Lender.
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Guarantor Account means an account in Luxembourg in the name of the Guarantor, pledged, but not blocked unless an Event of Default occurs, on first priority as security for the Issuer's obligations under the Finance Documents.
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Related to Guarantor Account

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 10th day of February, May, August and November of each year or, if such day is not a Business Day, the immediately following Business Day, provided that the fist Guarantor Payment Date will be 10 February 2014; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Note Account As defined in the Indenture.

  • Guarantor Payment as defined in Section 5.11.3.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Guarantor Percentage has the meaning assigned to such term in Section 10.10.

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Force Account means the use of the Recipient's own employees, equipment, or resources for the Project.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Series Account means any deposit, securities, trust, escrow or similar account maintained for the benefit of the Investor Certificateholders of any Series or Class, as specified in any Supplement.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2(a)(ii) as a sub-account to the Collection Account.

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Guarantor of Payment means each of the Companies set forth on Schedule 2 hereto, that are each executing and delivering a Guaranty of Payment, or any other Person that shall deliver a Guaranty of Payment to Agent subsequent to the Closing Date.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Holding Account means an account:

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

Most Referenced Clauses

Most Referenced Definitions