Mezzanine Deposit Account definition

Mezzanine Deposit Account means any deposit account established in connection with a Mezzanine Loan for the deposit of Mezzanine Debt Service.
Sample 1Sample 2Sample 3
Mezzanine Deposit Account has the meaning given to the term "Deposit Account" in the Mezzanine Cash Management Agreement.
Sample 1Sample 2Sample 3
Mezzanine Deposit Account shall have the meaning set forth in Section 2.7.2(a) hereof.
Sample 1

Examples of Mezzanine Deposit Account in a sentence

  • In such event, Borrower shall cause all amounts on deposit in the accounts of Mortgage Lender to be transferred to the deposit account described in the Mezzanine Deposit Account Agreement, which amounts shall be held and disbursed by Lender in accordance with the terms of the Mortgage Loan Agreement which deal with the disbursement of funds from the accounts of the Mortgage Lender as if such terms were set forth herein in their entirety.

  • Borrower shall direct or cause Senior Mezzanine Borrower to direct that all cash distributions from the applicable Senior Mezzanine Deposit Account be paid in accordance with the applicable Senior Mezzanine Deposit Agreement (including the Net Liquidation Proceeds After Debt Service) to the Seventh Mezzanine Deposit Account.

  • Any cost and expenses due and payable to Lender may be paid from any amounts in the First Mezzanine Deposit Account.

  • Seller and Parent have the corporate power and authority to carry on its respective businesses as currently conducted, to execute and deliver this Agreement and related documents and Guarantee, respectively, and to effect the transactions contemplated hereby and the Other Transaction.

  • The trial court signed a written Interim Consent Judgment that memorialized the parties’ agreement on July 13, 2020.

  • Borrower shall make or cause to be made such additional periodic deposits into the Seventh Mezzanine Deposit Account and the Seventh Mezzanine Sub-accounts as are required by the terms of the Loan Agreement.

  • Lender shall terminate this Agreement upon the occurrence of a Satisfaction Event and disburse all monies then held in the Seventh Mezzanine Deposit Account and the Seventh Mezzanine Sub-accounts after liquidating all Permitted Investments, to the Borrower, or as the Borrower shall otherwise direct..

  • Any cost and expenses due and payable to Lender may be paid from any amounts in the Mezzanine Deposit Account.

  • Borrower will not in any way alter or modify the Seventh Mezzanine Deposit Account or the Seventh Mezzanine Sub-accounts.

  • It appeared that, although most residents and officers were aware of the issue, the implications had not been adequately addressed by all concerned.


More Definitions of Mezzanine Deposit Account

Mezzanine Deposit Account means, collectively, the Deposit Account and the Mezzanine A Deposit Account.
Sample 1
Mezzanine Deposit Account means an account designated by Lender in writing from time to time to be used for the purposes described herein.
Sample 1
Mezzanine Deposit Account shall have the meaning set forth in Section 2.6.5 (a) hereof.
Sample 1
Mezzanine Deposit Account has the meaning set forth in the Mezzanine Cash Management Agreement.
Sample 1
Mezzanine Deposit Account has the meaning set forth in Section ------------------------- 11.1(a) hereof.
Sample 1

Related to Mezzanine Deposit Account

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

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

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Controlled Deposit Account means each deposit account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

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

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

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

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

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,030,941.16.

  • Reserve Funds means, collectively, the Tax and Insurance Escrow Fund, the Replacement Reserve Fund, the Required Repair Fund, the Initial Renovation Reserve Fund, the Interest Reserve Fund, the General Reserve Fund, any funds on deposit in the Construction Loan Reserve Account, any Shortfall Funds and any other escrow fund established pursuant to the Loan Documents.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • 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.