Lien Protection Account definition

Lien Protection Account has the meaning given in the Disbursement Agreement.
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Lien Protection Account means an escrow account to be established pursuant to the Title Insurer Escrow Agreement.
Sample 1

Examples of Lien Protection Account in a sentence

  • The Disbursement Agent hereby expressly waives any right of set-off or similar right it may have against or in relation to the Accounts, the HVAC Accounts, the Mall Retainage/Punchlist Account, the Lien Protection Account and the Guaranty Deposit Account and any monies, Permitted Investments or other amounts on deposit therein.

  • Subject to the provisions of the Bank Collateral Account Agreement and the Phase II Mall Collateral Account Agreement, as applicable, amounts on deposit in the Disbursement Account shall be transferred, as applicable, to the appropriate Accounts and/or the Lien Protection Account and/or applied to pay Project Costs in accordance with Section 2.6. On the Final Completion Date, funds remaining in the Disbursement Account shall be applied as provided in Section 2.10.

  • The Disbursement Agent hereby expressly waives any right of set-off or similar right it may have against or in relation to the Accounts, the Lien Protection Account and any monies, Permitted Investments or other amounts on deposit therein.

Related to Lien Protection Account

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

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

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

  • Administration Account As defined in Section 7.02.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Control Account means a Securities Account or Commodity Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

  • 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 Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Excess Liquidation Proceeds Account The segregated account (or the sub-account of the Distribution Account) created and maintained by the Certificate Administrator on behalf of the Trustee pursuant to Section 3.04(d) for the benefit of the Certificateholders, which shall be entitled “Xxxxx Fargo Bank, National Association [or the name of any successor Certificate Administrator], as Certificate Administrator on behalf of Wilmington Trust, National Association [or name of any successor Trustee], as Trustee, for the benefit of the registered holders of WFRBS Commercial Mortgage Trust 2014-C22, Commercial Mortgage Pass-Through Certificates, Series 2014-C22, Excess Liquidation Proceeds Account”.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Security Account “Software”, and “Supporting Obligations”.

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

  • Investment Property Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, or (as the case may be) apply any value distributed on account of any commodity contract as directed by Agent, in each case, without the further consent of such Borrower or Guarantor and including such other terms and conditions as Agent may require.

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

  • 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.

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

  • Account Application or “Application” shall mean the application, as may be amended from time to time, by which this Agreement is established between the Depositor (or following the death of the Depositor, the Beneficiary) and the Custodian. The statements contained therein shall be incorporated into this Agreement.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

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