Impositions Account definition

Impositions Account shall have the meaning provided in Section 5.01(a).
Sample 1Sample 2Sample 3
Impositions Account is defined in Section 5.01(a).
Sample 1Sample 2Sample 3

Examples of Impositions Account in a sentence

  • If this Lease is terminated by reason of an Event of Default or if Tenant is dispossessed of the Premises pursuant to Article 24 of the Lease, all monies deposited in the Impositions Account then held by Depository will, at Landlord’s direction, be paid and applied to Landlord in payment for such Event of Default and any and all other sums due under this Lease and Tenant will promptly pay any resulting deficiency (if any).

  • Notwithstanding the foregoing, no such apportionment of Impositions that are held in an Impositions Account as of the Expiration Date will be made if this Lease is terminated prior to the Fixed Expiration Date as the result of an Event of Default; provided, however, that such apportionment will be made at such time as there are no outstanding payment defaults.

  • Tenant agrees that any such depository agreement will provide that Landlord will have a unilateral right to withdraw money from the Impositions Account after the occurrence and during the continuance of an Event of Default by Tenant to pay Impositions or to cure a monetary Event of Default under this Lease and Xxxxxx will have no consent rights over any such withdrawal.

  • Any interest paid on monies deposited pursuant to this Article 5 will become a part of the Impositions Account and will be applied pursuant to the foregoing provisions.

  • The Impositions Account may be held by Depository as a single bank account.

  • Landlord and Xxxxxx will enter into a mutually acceptable depository agreement with the Depository with respect to the Impositions Account.

Related to Impositions Account

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

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

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Disbursement Account means an account established and owned by Company and held at the Disbursement Institution against which wire transfers and ACH transfers are settled for payment of Loan Proceeds to Borrowers.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.