Landlord’s Account definition

Landlord’s Account is defined in Section 3.01.
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Landlord’s Account means the bank account opened in the name of the Landlord at Banco Sabadell with IBAN [***] and BIC [***], designated for the payment of the Legal Deposit, or any other account designated for the payment of the invoices sent by the Landlord to the Tenant.
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Landlord’s Account means the Landlord’s account for the payment of the Rent detailed in the relevant Rent Demand;
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Examples of Landlord’s Account in a sentence

  • OurProperty will also forward rental monies to the Landlord’s Account.

  • In accordance with this End User Agreement (the ‘’Agreement’’), You authorise and instruct OurProperty to provide the following services: • To accept and collect rental monies from the Tenant on behalf of the Landlord; • To hold such rental monies on trust for the Landlord in Our trust account as nominated by Us; • To distribute those monies to other accounts, for example Tradespersons, in accordance with the Landlord’s instructions; and • To forward those monies to the Landlord’s Account.

  • The Landlord authorises OurProperty to, in accordance with the terms of this Agreement: • Pay into the Landlord’s Account the Rent received; and • Debit the Landlord’s Account to discharge its obligations pursuant to this Agreement; • Debit the Landlord’s Account to distribute Rent in accordance with the Landlord’s instructions, including for the payment of Tradespersons, if so instructed.

  • Any interest required to be paid to the Tenant because of state or local laws will be paid to the Tenant by Landlord from Landlord’s Account.

  • The date of the payment of each Monthly Rent shall be the date on which the Landlord’s Account is credited with the relevant amount.

  • The day when the amount is credited to the Landlord’s Account shall be deemed to be the date of payment of the Monthly Rent.

  • If the Disputed Amount is not received after the further 7 calendar days, a Suspension (Scheme Level) will be applied to the Landlord’s Account.

  • The Tenant shall be obliged to pay to the Landlord an advance on future payments of the Rent in the amount of CZK 4,000,000.00 (in words: four million Czech crowns) so that this amount is credited to the Landlord’s Account set forth in Art.

Related to Landlord’s Account

  • 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.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Casualty Retainage means an amount equal to ten percent (10%) of the costs actually incurred for work in place as part of the Restoration, as certified by the Casualty Consultant, until the Restoration has been completed. The Casualty Retainage shall in no event, and notwithstanding anything to the contrary set forth above in this Section 6.4(b), be less than the amount actually held back by Borrower from contractors, subcontractors and materialmen engaged in the Restoration. The Casualty Retainage shall not be released until the Casualty Consultant certifies to Lender that the Restoration has been completed in accordance with the provisions of this Section 6.4(b) and that all approvals necessary for the re-occupancy and use of the Property have been obtained from all appropriate governmental and quasi-governmental authorities, and Lender receives evidence satisfactory to Lender that the costs of the Restoration have been paid in full or will be paid in full out of the Casualty Retainage; provided, however, that Lender will release the portion of the Casualty Retainage being held with respect to any contractor, subcontractor or materialman engaged in the Restoration as of the date upon which the Casualty Consultant certifies to Lender that the contractor, subcontractor or materialman has satisfactorily completed all work and has supplied all materials in accordance with the provisions of the contractor’s, subcontractor’s or materialman’s contract, the contractor, subcontractor or materialman delivers the lien waivers and evidence of payment in full of all sums due to the contractor, subcontractor or materialman as may be reasonably requested by Lender or by the title company issuing the Title Insurance Policy, and Lender receives an endorsement to the Title Insurance Policy insuring the continued priority of the lien of the Mortgage and evidence of payment of any premium payable for such endorsement. If required by Lender, the release of any such portion of the Casualty Retainage shall be approved by the surety company, if any, which has issued a payment or performance bond with respect to the contractor, subcontractor or materialman.