Lessee Account definition

Lessee Account has the meaning specified in Section 5.2.2. “Lessor” has the meaning set forth in the introductory paragraph to this Agreement. “Letter of Credit” has the meaning specified in Section 5.1.8. “Lien” means, when used with respect to any Person, any interest in any real or personal property, asset or other right held, owned or being purchased or acquired by such Person that secures payment or performance of any obligation, and shall include any mortgage, lien, pledge, encumbrance, charge, retained security title of a conditional vendor or lessor, or other security interest of any kind, whether arising under a security agreement, mortgage, lease, deed of trust, chattel mortgage, assignment,
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Lessee Account has the meaning specified in Section 5.2.2.
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Lessee Account means the account established by the Lessee into which the proceeds of the Advances shall be deposited by Lessor as payment for the Leased Equipment.
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Examples of Lessee Account in a sentence

  • Lessee agrees to notify Lessor immediately about any unauthorized access to or use of any of Lessee Account Settings.

  • Lessee (and Lessee licensed End Users) are solely responsible for maintaining the confidentiality and security of Lessee Account Settings.

  • The Lessor shall (if there is no Potential Termination Event or Mandatory Prepayment Event on or before the relevant withdrawal date) apply the amounts standing to the credit of the Insurance Proceeds Account (and for this purpose the Lessor hereby instructs and authorises the Lessee Account Bank to apply such amounts accordingly), in accordance with Clause 21.9 (Insurance Proceeds).

  • If the Disbursement Agent shall have received an Agent -------------------- Release Notice and a Lessor Default Notice (which has not been withdrawn by a Default Notice Withdrawal) , the Disbursement Agent shall disburse all amounts in any Lessee Account as Lessor may, from time to time, direct pursuant to a Lessor Post-Default Disbursement Certificate.

  • Lessee is solely responsible and liable for any and all use of Lessee Account Settings by Lessee, it officers, agents and representatives, including activities that occur on or through Lessee Account(s).

  • Lessee Account shall mean the Lessee Account defined in the Lessee --------------- Account Assignment dated June 2, 2000 from the Lessee to the Lessor pursuant to which the Lessee may deposit Lessee Excepted Properties.

  • The Capital Expenditure Fund shall not constitute a "Lessor Account," a "Lessee Account" or an "Account" and shall not constitute part of the Collateral of the Bank Parties.

  • Without limiting the foregoing, Manager also shall have the exclusive authority on behalf of Lessee to furnish Agent or Lessor, as the case may be, with information necessary for such Person to direct payment from any Lessee Account established under the Disbursement Agreement and to act for and on behalf of Lessee in all matters arising under the Disbursement Agreement.

  • Lessee is solely responsible and liable for any and all use of Lessee Account Settings and for activities that occur on or through Lessee Account(s).

  • Following (i) receipt by Lessor of (A) the Investor Contribution by the Investor pursuant to SECTION 3.3 and (B) all Loans by the Noteholders pursuant to SECTION 3.1 and (ii) satisfaction or waiver of each of the applicable conditions set forth in, and in accordance with, SECTION 5.1, Lessor shall transfer to the Lessee Account, as payment for the Leased Equipment, by 4:00 p.m. New York City time on the Closing Date, the aggregate amount of such Advances.


More Definitions of Lessee Account

Lessee Account means account of the Lessee created on the Platform, in accordance with the Lessee Terms.
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Lessee Account has the meaning specified in Section 5.2.2. “Lessor” has the meaning set forth in the introductory paragraph to this Agreement. “Lien” means, when used with respect to any Person, any interest in any real or personal property, asset or other right held, owned or being purchased or acquired by such Person that secures payment or performance of any obligation, and shall include any mortgage, lien, pledge, encumbrance, charge, retained security title of a conditional vendor or lessor, or other security interest of any kind, whether arising under a security agreement, mortgage, lease, deed of trust, chattel mortgage, assignment, pledge, retention or security title, financing or similar statement, or notice or arising as a matter of law,
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Related to Lessee 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.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

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

  • Note Account As defined in the Indenture.

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Force Account means the use of the Recipient's own employees, equipment, or resources for the Project.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Expense Account The account established and maintained pursuant to Section 3.25.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

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

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

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

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

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

  • Direct Account : means any Account which is not an ISA Account.

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act;

  • Concentration Account has the meaning provided in Section 6.13(c).

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

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.