Holding Account definition

Holding Account means an account:

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Holding Account means the “Holding Account” and various sub-accounts to the Holding Account established pursuant to the Loan Agreement (Mortgage) as in effect on the date hereof.

Holding Account shall have the meaning set forth in Section 3.1.1.

Examples of Holding Account in a sentence

• If Borrower at any time shall be entitled to receive any payments with respect to the Interest Rate Cap Agreement, such amounts shall, immediately upon becoming payable to Borrower, be deposited by Counterparty into the Holding Account.

• On the Business Day following each Distribution Date, all amounts, if any, on deposit in or credited to the Holding Account (excluding any installments of Monthly P&I that are due in one or more Due Periods ending subsequent to the Distribution Date immediately succeeding such Distribution Date) shall be transferred to the Collection Account.

• In order to facilitate the making of payments under the Contracts, such payments shall be deposited by the Master Servicer in the Collection Account or the Holding Account, and certain amounts in the Collection Account shall be deposited in the Spread Account, in accordance with the Sale and Servicing Agreement.

• On the fifth Business Day immediately prior to each Distribution Date (each, a "RIC Maturity Date"), (i) the investment pursuant to this Agreement of Specified Account Invested Funds with respect to such Distribution Date and of all Spread Account Invested Funds shall mature and be due and payable, and the Holding Account Deposited Funds shall be required to be returned to and deposited into the Holding Account.

• The Proceeds Agent shall retain all proceeds deposited in the Collection Account, the Spread Account and Holding Account as custodian and bailee of the Collateral Agent for Financial Security.

More Definitions of Holding Account

Holding Account means the account established and maintained as such pursuant to Section 5.01.

Holding Account refers to the account that holds funds eligible and awaiting investment into a Risk Control Account in accordance with the terms of the Policies, which account shall be part of the Company’s General Account. The assets in the account accrue interest at a rate declared by the Company subject to a guaranteed minimum rate.

Holding Account means an interest-bearing deposit account belonging to the Agent for the benefit of the Lenders into which the Borrower may be required to make cash deposits pursuant to the provisions of this Agreement, such account to be under the sole dominion and control of the Agent and not subject to withdrawal by the Borrower, with any amounts therein to be held for application toward payment of any outstanding Letters of Credit when drawn upon.

Holding Account or “General Holding Account” means an account created for each covered entity, opt-in covered entity, or voluntarily associated entity to hold compliance instruments.

Holding Account means the account number ▇▇▇▇▇▇▇, sort code 30-00-02 entitled "Bluewater Energy N.V. Uisge Gorm/Glas Dowr/Bleo ▇▇▇▇/Haewene Brim Account" opened or to be opened by Bluewater Energy with the Deposit Bank, the operation of which is to be governed by the Holding Account Deed; and all references in the Second Deposit Deed to the "Holding Account" shall, with effect from the date of this Deed, be deemed to be references to the "Holding Account" defined above;

Holding Account means the form of record maintained by and in the relevant Registry to record the allocation (if applicable), Transfer and holding of Allowances;

Holding Account. A deposit account belonging to the Agent for the benefit of the Banks into which the Borrower may be required to make deposits pursuant to the provisions of this Agreement, such account to be under the sole dominion and control of the Agent and not subject to withdrawal by the Borrower, with any amounts therein to be held for application toward payment of any outstanding Letters of Credit when drawn upon. The Holding Account shall be a money market savings account or substantial equivalent (or other appropriate investment medium as the Borrower may from time to time request and to which the Agent in its sole discretion shall have consented) and shall bear interest in accordance with the terms of similar accounts held by the Agent for its customers.