HOA Subaccount definition

HOA Subaccount has the meaning set forth in Section 6.1.4.
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HOA Subaccount means the account established by the Paying Agent and maintained by the Cash Management Account Bank in accordance with the terms of Section 6.1.3 titled “00000000, HOA Account - Xxxxx Fargo Bank, N.A., as Paying Agent in trust for the Secured Parties” or such other account established at the Cash Management Account Bank as may be designated in writing from time to time by the Paying Agent to the Administrative Agent and Borrower.
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Examples of HOA Subaccount in a sentence

  • Any HOA Funds remaining in the HOA Subaccount after the Obligations have been paid in full shall be returned to Borrower.

  • If at any time Lender reasonably determines that the HOA Funds will not be sufficient to pay the HOA Fees for the Applicable HOA Properties for the next ensuing twelve (12) months, Lender shall notify Borrower of such determination and, within thirty (30) days following Borrower’s receipt of such written notice, Borrower shall deposit with Lender for transfer into the HOA Subaccount an amount that Lender estimates is sufficient to make up the deficiency.

  • Amounts deposited from time to time into the HOA Subaccount pursuant to this Section 6.1.4 are referred to herein as the “HOA Funds”.

  • Amounts deposited from time to time into the HOA Subaccount pursuant to this Section 6.2.3 are referred to herein as the “HOA Funds”.

  • Amounts deposited from time to time into the HOA Subaccount pursuant to this Section 6.2.4 are referred to herein as the “HOA Funds”.

  • Amounts deposited from time to time into the HOA Subaccount pursuant to this Section 6.1.3 are referred to herein as the “HOA Funds”.

  • Amounts deposited from time to time into the HOA Subaccount pursuant to this Section 6.1.5 are referred to herein as the “HOA Funds”.

  • Borrower shall deposit with the Paying Agent on the Closing Date, an amount equal to the HOA Fees that Borrower estimates (and as approved by Administrative Agent) will be payable during the next ensuing six (6) months with respect to all new HOA Properties financed pursuant to this Agreement on the Closing Date, which amounts shall be transferred into the HOA Subaccount.

  • If at any time Administrative Agent reasonably determines that the HOA Funds will not be sufficient to pay the HOA Fees for the HOA Properties for the next ensuing six (6) months, Administrative Agent shall notify Borrower of such determination and, within thirty (30) days following Borrower’s receipt of such written notice, Borrower shall deposit with the Paying Agent for transfer into the HOA Subaccount an amount that Administrative Agent estimates is sufficient to make up the deficiency.

  • If at any time Lender reasonably determines that the HOA Funds will not be sufficient to pay the HOA Fees for the Applicable HOA Properties for the next ensuring twelve (12) months, Lender shall notify Borrower of such determination and, within thirty (30) days following Borrower’s receipt of such written notice, Borrower shall deposit with Lender for transfer into the HOA Subaccount an amount that Lender estimates is sufficient to make up the deficiency.

Related to HOA Subaccount

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

  • Subaccount means any subaccount designated and established hereunder.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

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

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

  • Capital Subaccount is defined in Section 8.02(a) of the Indenture.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Discretionary Account means a Personal Account in which you have completely turned over decision-making authority to a professional money manager (who is not a Family Member or not otherwise covered by this Code) and you have no direct or indirect influence or control over the account. (Such Discretionary Accounts are often referred to as “professionally managed,” “controlled” or “managed” accounts.)

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

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

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

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

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.