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.
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Mezzanine Deposit Account has the meaning given to the term "Deposit Account" in the Mezzanine Cash Management Agreement.
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Mezzanine Deposit Account means, collectively, the Deposit Account and the Mezzanine A Deposit Account.
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Examples of Mezzanine Deposit Account in a sentence

  • 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.

  • 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.

  • Borrower shall not cause or permit Senior Mezzanine Borrower in any way to materially alter or modify the applicable Senior Mezzanine Deposit Account and will notify Lender of the account number thereof.

  • Eligibility Employees are eligible to avail casual leave after the completion of 6 month.

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

  • Citizens who have held the titles mentioned in the preceding numbers for at least five years may be granted, depending on the case, a permanent residence permit, in accordance with the provisions of article 80 of Law no.

  • 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 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.

  • This includes commissioning services from General Practice Surgeries.


More Definitions of Mezzanine Deposit Account

Mezzanine Deposit Account shall have the meaning set forth in Section 2.7.2(a) hereof.
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Mezzanine Deposit Account shall have the meaning set forth in Section 2.6.5 (a) hereof.
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Mezzanine Deposit Account has the meaning set forth in the Mezzanine Cash Management Agreement.
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Mezzanine Deposit Account has the meaning set forth in Section ------------------------- 11.1(a) hereof.
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Mezzanine Deposit Account means an account designated by Lender in writing from time to time to be used for the purposes described herein.
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Related to Mezzanine Deposit 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.

  • 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 Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • 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 $1,554,404.20.

  • Reserve Funds means, collectively, the Tax and Insurance Reserve Fund, the Replacement Reserve Fund, the Required Repair Fund, the Rollover Reserve Fund, the Ground Lease Reserve Fund, the Excess Cash Flow Reserve Fund and any other escrow fund established by 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.