Operating Accounts definition

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

Operating Accounts means any or all of them;

Operating Accounts shall have the meaning set forth in Section 9.02 A.

Examples of Operating Accounts in a sentence

• The Collateral Agent shall not issue an Activation Instruction with respect to the Operating Accounts unless an Event of Default has occurred and is continuing at the time such Activation Instruction is issued.

• Except as otherwise provided in this Agreement, all payments made by Manager hereunder shall be made from the Operating Accounts, xxxxx cash funds, or from the Reserve (in accordance with Section 5.02).

• Funds in the Operating Accounts shall not be commingled with any other funds controlled by Management Company, unless approved by Tenant and will be disbursed only in accordance with this Agreement and, from time to time, upon the specific instructions of Tenant.

• The parties recognize that, as of the Effective Date, the level of Working Capital funds, which shall be held in the Operating Accounts, is reasonably believed to be reasonably sufficient for the operations of the Hotel, subject at all times to seasonal differences and changes in circumstances after the Effective Date.

• Withdrawals by Manager from said Operating Accounts shall be made solely by the General Manager or the Assistant General Manager of the Hotel, a senior officer of Manager or such other representatives of Manager whose signatures have been authorized by Manager with the concurrence of Owner.

More Definitions of Operating Accounts

Operating Accounts means either or both of them;

Operating Accounts means the Cash Management Accounts which are designated as "operating accounts" on Schedule 8.01.

Operating Accounts moneys are withdrawn from any of the Operating Accounts other than in accordance with clause 14; or

Operating Accounts means, individually or collectively, the operating accounts established and maintained by Loan Parties and which are designated as such and listed on Schedule 5.23.

Operating Accounts. . . . . . . . . . . . . . . means the bank accounts opened in the name of the

Operating Accounts shall have the meaning assigned to such term in Section 3.2(a).

Operating Accounts means the operating accounts described on Schedule 5.26 to the Loan Agreement, and any additional or replacement accounts from time to time established and maintained by any of the Loan Parties.