Rent Account definition

Rent Account means one or more Eligible Account(s) maintained in a bank acceptable to Lender in the joint names of Lender and Borrower.
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Rent Account means an Eligible Account, maintained at the Rent Account Bank, in the joint names of Xxxxxx and Lender or its successors or assigns (as secured party) as may be designated by Xxxxxx.
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Rent Account means an Eligible Account, maintained at the Bank, in the joint names of Borrower and Lender or its successors or assigns (as secured party) as may be designated by Lender.
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Examples of Rent Account in a sentence

  • On or before the Closing Date, Lender shall on behalf of the Borrower establish and maintain with the Collection Account Bank an account for the remittance of prepaid Rent designated the Prepaid Rent Account (the “Prepaid Rent Account”) which shall be an Eligible Account and shall have the same title as Collection Account for the benefit of the Lenders until the Loan is paid in full.

  • Lender may elect to change the financial institution in which the Central Account shall be maintained; however, Lender shall give Borrower and the bank in which the Rent Account is located not fewer than five (5) Business Days’ prior notice of such change.

  • On any Payment Date as of which the most recent Monthly Statement indicates that the prepaid Rent exceeds $15,000, Lender shall deposit or cause to be deposited in the Prepaid Rent Account pursuant to clause sixth of Section 2.12(b) an amount equal to the positive difference, if any, between the amount indicated in the Monthly Statement and the amount then on deposit in the Prepaid Rent Account.

  • At least five (5) Business Days prior to the First Payment Date, Borrower will provide to Lender a certified prepaid rent roll in the form attached as Schedule 9 showing the amount of prepaid Rent held by Borrower, and the amount of the prepaid Rent deposited in the Prepaid Rent Account shall be adjusted accordingly on the First Payment Date, by a transfer of funds between the Collection Account and the Prepaid Rent Account.

  • Lender has established the Escrow Accounts and the Central Account in the name of Lender as secured party and Borrower has established the Rent Account in the joint names of Lender, as secured party, and Borrower.


More Definitions of Rent Account

Rent Account means the account referred to in clause 9.1 and any account which replaces it from time to time with the prior written consent of the Lender
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Rent Account means a depositary account in the name of a Borrower maintained at a Borrower Rent Account Bank into which tenants have been instructed to deposit rents, which may include a consolidated account across all Borrowers, provided that such consolidated account does not contain funds from any party that is not a Borrower.
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Rent Account means the account designated as such under the terms of this Agreement and opened and maintained by the Company pursuant to Clause 14 (Bank Accounts).
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Rent Account means the “Rent Account” established by the Depositary pursuant to the Depository Agreement.
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Rent Account means the Borrower Rent Account, Seller 2 Rent Account and PropCo Rent Account and each of them.
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Rent Account shall have the meaning specified in Section 3.03 of the Lease.
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Rent Account means any account referred to in Clause 21.1.2 (Bank Accounts) and includes any replacement account or sub-division of that account.
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