Insurance Proceeds Accounts definition

Insurance Proceeds Accounts means any of the KED Insurance Proceeds Account, the KEG Insurance Proceeds Account, the KEI Insurance Proceeds Account, the KEO Insurance Proceeds Account, the Borrower Insurance Proceeds Account and any account deemed to be an “Insurance Proceeds Account” in accordance with clause 20 (Bank Accounts and Cash Management) and which is secured in favour of the Secured Parties, each an “Insurance Proceeds Account”.
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Insurance Proceeds Accounts means an account titled "Insurance Proceeds Account" opened by HAL on behalf of the Borrowers and held at the Borrower Account Bank and includes any sub-account relating to that account and any replacement account from time to time.
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Insurance Proceeds Accounts means (x) the account maintained in the name of the Issuer and pledged to the Trustee into which the U.S. Manager causes amounts received by a U.S. Securitization Entity to be deposited pursuant to Section 5.10(d) of the Base Indenture or any successor account established for the Issuer by the U.S. Manager for such purpose pursuant to the Base Indenture and the U.S. Management Agreement and (y) the account maintained in the name of the Canadian Co-Issuer and pledged to the Trustee into which the Canadian Manager causes amounts received by a Canadian Securitization Entity to be deposited pursuant to Section 5.10(d) of the Base Indenture or any successor account established for the Canadian Co-Issuer by the Canadian Manager for such purpose pursuant to the Base Indenture and the Canadian Management Agreement.
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Examples of Insurance Proceeds Accounts in a sentence

  • The Contractor is to receive and destroy, through a longstanding proven and licensed HCH waste disposal technology, an amount of 1,601 tons of the HCH waste and the by-products generated during the treatment.

  • Application of Proceeds All insurance proceeds received by hubco under the Insurances referred to in Schedule Part 1 (Definitions and Interpretation) and [ ] of Section 153 of Schedule Part 12 (Insurance Requirements) shall be paid into the Insurance Proceeds Account and shall be applied in accordance with this Agreement and in accordance with the Insurance Proceeds Accounts Agreement.


More Definitions of Insurance Proceeds Accounts

Insurance Proceeds Accounts has the meaning given to such term in the Project Accounts Agreement.
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Insurance Proceeds Accounts means, collectively, the Albion Insurance Proceeds Account, the Bloomingburg Insurance Proceeds Account and the Linden Insurance Proceeds Account.
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Insurance Proceeds Accounts. ’ means the accounts named the ‘‘MBIA Insurance Proceeds Account’’ and the ‘‘XLCA Insurance Proceeds Account’’ in the name of the Security Trustee established and maintained by the Security Trustee with the Account Bank pursuant to the Common Security Agreement.
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Related to Insurance Proceeds Accounts

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

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

  • Net Insurance Proceeds Insurance Proceeds, to the extent such proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the express requirements of the Mortgage or Note or other Loan Documents included in the Mortgage File or in accordance with the Servicing Standard, or with respect to the environmental insurance policy, applied to pay any costs, expenses, penalties, fines or similar items; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Insurance Proceeds” under this Agreement shall be limited to any related Insurance Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.

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

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Collection Accounts As defined in Section 3.10(a).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.