Manager Account definition

Manager Account means, with respect to each Individual Property, the “Operating Accounts” (as defined in the applicable Management Agreement) maintained by the applicable Manager pursuant to the applicable Management Agreement.

Manager Account means such account as Manager may from time to time designate by written notice to Lender and the bank maintaining the Concentration Account.

Manager Account means a depositary account designated by Manager, from time to time, which account shall be under the sole dominion and control of Manager and located in a banking institution designated by Manager.

Examples of Manager Account in a sentence

• The Fund acknowledges that one or more Client Accounts and Affiliated Accounts may at any time hold, acquire, increase, decrease, dispose of or otherwise deal with positions in investments in which the Portfolio Manager Account may have an interest from time to time, whether in transactions which involve the Portfolio Manager Account or otherwise.

• The Portfolio Manager shall have authority and discretion to select brokers and dealers to execute portfolio transactions initiated by the Portfolio Manager for the Portfolio Manager Account, and to select the markets on or in which the transaction will be executed.

• The Portfolio Manager accepts its employment as a discretionary portfolio manager and agrees to use its best professional judgment to make timely investment decisions for the Portfolio Manager Account in accordance with the provisions of this Agreement.

• The Portfolio Manager shall have no obligation to acquire for the Portfolio Manager Account a position in any investment which any Client Account or Affiliated Account may acquire, and the Fund shall have no first refusal, co-investment or other rights in respect of any such investment, either for the Portfolio Manager Account or otherwise.

• The Portfolio Manager shall advise and confirm in writing to the Custodian all investment orders for the Portfolio Manager Account placed by it with brokers and dealers at the time and in the manner set forth in Schedule A hereto (as amended from time to time by the Fund Manager).

More Definitions of Manager Account

Manager Account means such account as any Manager may from time to time designate by written notice to Administrative Agent.

Manager Account means the deposit account of the Manager maintained at the Bank, or such other account as the Manager, in a written notice to the Practice, may designate as the Manager Account.

Manager Account means the bank account of Manager described in Section 5.5(b)(ii).

Manager Account means, with respect to the Brand Managed Properties, the bank accounts maintained by a Brand Manager in the name of the applicable Individual Borrower or Operating Lessee, as applicable, in accordance with the terms of the applicable Management Agreement.

Manager Account has the meaning set forth in Section 5 of this Agreement.

Manager Account means individually and collectively the Embassy Manager Account and the Sheraton Manager Account.

Manager Account means any commingled fund, “fund of one” or individual managed account over which the Manager or its Affiliates has discretionary investment authority.