Property Account Agreement definition

Property Account Agreement shall have the meaning set forth in Section 3.1(a) hereof.
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Property Account Agreement shall have the meaning set forth in the Mortgage Loan Agreement hereof.
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Property Account Agreement means that certain Deposit Account Control Agreement, dated as of the date hereof, among Mortgage Borrower, Mortgage Lender and Property Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.
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Examples of Property Account Agreement in a sentence

  • Each Post-Termination Property Account shall be an Eligible Account with the Property Account Bank in the name of Lender as secured party and Borrower shall enter into a property account agreement substantially in the form of the Pre-Termination Property Account Agreement (the “Post-Termination Property Account Agreement”) between Borrower, Lender and the Property Account Bank with respect to the Post-Termination Property Account.

  • Without limiting Borrower’s obligations under the immediately preceding sentence, Borrower shall only establish and maintain the Property Account and each Post-Termination Property Account with a financial institution that has executed an agreement substantially in the form of the Property Account Agreement or in such other form reasonably acceptable to Lender.

  • Without limitation of the foregoing, Borrower shall only establish and maintain the Property Account with a financial institution (other than Wxxxx Fargo or an Affiliate thereof) that has executed an agreement substantially in the form of the Property Account Agreement or in such other form reasonably acceptable to Administrative Agent.

  • Each Property Account shall be entitled as set forth in the Property Account Agreement.

  • Pursuant to the terms of the Property Account Agreement, Property Account Bank shall transfer to the Cash Management Account, in immediately available funds by federal wire all amounts on deposit in the Property Account each Business Day during a period that a Sweep Event exists.

  • Any such Account established hereunder shall be maintained at the applicable Property Bank or Lockbox Bank and the parties agree to enter into an account agreement substantially the same as the Property Account Agreement.

  • Without limiting Borrower’s obligations under the immediately preceding sentence, Borrower shall only establish and maintain the Property Account with a financial institution that has executed an agreement substantially in the form of the Property Account Agreement or in such other form reasonably acceptable to Lender.

  • If any Property Account Bank or Concentration Account Bank shall cease to be an Eligible Institution, provided A/72912756.15 a Lockbox Period is not then in effect, Borrowers shall select an Eligible Institution as a replacement therefore, subject to Administrative Agent’s approval, and the parties shall enter into a new Property Account Agreement and Concentration Account Agreement, as applicable, with such Eligible Institution.

  • Borrower and an Eligible Institution shall have executed and delivered to Lender a Property Account Agreement substantially in the form set forth as EXHIBIT L hereto with respect to each Property.

  • Without limiting Borrower's obligations under the immediately preceding sentence, Borrower shall only establish and maintain the Property Account with a financial institution that has executed an agreement substantially in the form of the Property Account Agreement or in such other form reasonably acceptable to Lender.


More Definitions of Property Account Agreement

Property Account Agreement means the Pre-Termination Property Account Agreement and the Post-Termination Property Account Agreement.
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Property Account Agreement shall have the meaning given to such term in Section 8.1(a).
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Property Account Agreement means, with respect to each Individual Property, that certain account control agreement by and among the applicable Individual Borrower, Lender, the applicable Manager and Property Bank, together with any replacement account control agreement by and among Operating Lessee, Lender and Property Bank delivered in connection with the effectiveness of the Operating Lease.
Sample 1
Property Account Agreement means (i) from the Closing Date until the Operating Lessee Property Account Agreement takes effect, the Borrower Property Account Agreement, and (ii) from and after the Operating Lessee Property Account Agreement takes effect, each of the Borrower Property Account Agreement and the Operating Lessee Property Account Agreement, and from and after such time, “Property Account Agreements” shall mean the Borrower Property Account Agreement and the Operating Lessee Property Account Agreement, collectively.
Sample 1
Property Account Agreement means, individually and collectively, as the context requires, the Glimcher Property Account Agreement and the New Boston Property Account Agreement.
Sample 1
Property Account Agreement means any one of the Property Account Agreements.
Sample 1

Related to Property Account Agreement

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • 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”.

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • 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.

  • Account Agreement means the agreements for the operation of the Account.

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

  • 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.

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Cash Management Account Bank and Lender providing for the exclusive control of the Cash Management Account and all other Subaccounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Account Agreements means any lockbox account agreement, pledged account agreement, blocked account agreement, securities account control agreement, or any similar deposit or securities account agreements among the Notes Agent and/or the ABL Agent, one or more Grantors and the relevant financial institution depository or securities intermediary.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Deposit Account Control Agreement means each deposit account control agreement among a Borrower, the Administrative Agent and the Account Bank, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • 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, and has such other terms and conditions as Agent may require.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Series Accounts means, collectively, the Finance Charge Account, the Principal Account, the Principal Accumulation Account, the Distribution Account, the Reserve Account and the Spread Account.

  • Lockboxes has the meaning set forth in Section 2.7.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Account Control Agreement(s) means any agreement entered into by and among the Agent, Borrower and a third party bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which perfects Agent’s first priority security interest in the subject account or accounts.