RMR Owner Facility Trust Account definition

RMR Owner Facility Trust Account is defined in Section 9.2.
Sample 1Sample 2Sample 3
RMR Owner Facility Trust Account means a segregated commercial bank account under the Facility Trust Account containing funds held in trust for the RMR Owner.
Sample 1Sample 2Sample 3

Examples of RMR Owner Facility Trust Account in a sentence

  • If CAISO defaults on its obligation to pay under this Agreement, Owner shall be entitled to enforce such securityinterest, to exercise its rights in the Collateral, to collect the Accounts from Responsible Utility, to collect all funds in the RMR Owner Facility Trust Account, and to exercise all other rights and remedies under the California Uniform Commercial Code.

  • Payments received by CAISO from a Responsible Utility in connection with this Agreement, including payments following termination of this Agreement, will be deposited into the RMR Owner Facility Trust Account and payments from CAISO to Owner will be withdrawn from such Account, all in accordance with Sections 11.13 and 41 of the CAISO Tariff and this Article 9.

  • Neither the RMR Owner Facility Trust Account nor the Responsible Utility Facility Trust Account shall have other funds commingled in it at any time.

  • XXXXX agrees to promptly execute and deliver all financing statements and other documents Owner reasonably requests, including but not limited to a written notice of Owner’s security interest in the Collateral to the bank with which the RMR Owner Facility Trust Account is maintained, in order to maintain, perfect and enforce such security interest.

Related to RMR Owner Facility Trust Account

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Master Servicer Remittance Date With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.