Security Deposit Accounts definition

Security Deposit Accounts has the meaning specified in Section 2.12(a).
Sample 1
Security Deposit Accounts has the meaning given to such term in the Security Deposit Accounts Agreement.
Sample 1Sample 2
Security Deposit Accounts means each of the Borrower Security Deposit Account, each Sub-Borrower Deposit Account and each Intermediate Lessee Deposit Account and "SECURITY DEPOSIT ACCOUNT" shall mean any of them;
Sample 1

Examples of Security Deposit Accounts in a sentence

  • Borrower shall pay for all expenses of opening and maintaining the Security Deposit Accounts.

  • Borrower shall maintain complete and accurate records of all transactions pertaining to security deposits of Tenants and the Security Deposit Accounts, with sufficient detail to identify all security deposits of Tenants separate and apart from other payments received from or by Tenants.

  • So long as the Debt is outstanding, except as otherwise provided in this Section 4.1.15(a), Borrower shall not (and shall not permit Manager or any other Person to) open any other accounts for the deposit of security deposits of Tenants other than the Security Deposit Accounts.

  • So long as the Debt is outstanding, except as otherwise provided in this Section 4.1.15(a), Borrower shall not (and shall not permit Manager or any other Person to) open any other accounts for the deposit of security deposits other than the Security Deposit Accounts.

  • To the extent allowed by law while any Event of Default exists, Lender may withdraw funds from the Security Deposit Accounts and apply such funds to satisfy Borrower's obligations under the Loan Documents.

  • Subject to the foregoing, Bank shall also comply with entitlement orders or other directions concerning the Security Deposit Accounts and the other Collateral originated by any of the Pledgors or their Authorized Representatives (as defined in Section 5(b) below), until such time as Agent delivers a written notice to Bank (with copies to Pledgors) that Agent is thereby exercising exclusive control over the Security Deposit Accounts and the other Collateral.

  • Borrower shall make all disbursements from the appropriate Security Deposit Account in accordance with the terms of the Residency Agreements, the Loan Documents and all applicable state and local statutes, ordinances and regulations, if any, and Borrower shall continue to comply with Lender's requirements, the terms of the Residency Agreements, and all applicable state and local statutes, ordinances and regulations regarding maintenance of such Security Deposit Accounts.

  • Borrower shall furnish to Lender written notice, within ten (10) Business Days after receipt by Borrower, of any Rents, Money or other items of Gross Revenue that Borrower is not required by this Agreement to deposit in the Clearing Account or is permitted to retain, the Deposit Account or the Security Deposit Accounts, together with such other documents and materials relating to such Rents, Money or other items of Gross Revenue as Lender requests in Lender's reasonable discretion.

  • To the maximum extent allowed by applicable law, Borrower grants to Lender a security interest in the Security Deposit Accounts and all funds therein to Lender as security for the Loan.

  • Pledgors acknowledge and Bank represents that each of the Security Deposit Accounts is a “deposit account” as defined in Section 9-102(29) of the UCC.


More Definitions of Security Deposit Accounts

Security Deposit Accounts means each of the Borrower Security Deposit Account, each Sub-Borrower Deposit Account and each Intermediate Lessee Deposit Account and "SECURITY DEPOSIT ACCOUNT" shall mean any of them.
Sample 1

Related to Security Deposit Accounts

  • Security Deposit Account has the meaning given in Section 5.1.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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”.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • 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.

  • Deposit Account Control Agreements means the deposit account control agreements or blocked account agreements in a form that is reasonably satisfactory to the Agent to be executed by each institution maintaining a deposit account or securities account for any of the Credit Parties, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations to the extent required by Section 4.14(g) or any other provision of this Agreement or any Other Document.

  • 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.

  • 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.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Deposit Account Control Agreement means an agreement, in form and substance reasonably satisfactory to the Administrative Agent, among any Loan Party, a banking institution holding such Loan Party’s funds, and the Administrative Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by such Loan Party with such banking institution.

  • Deposit Account Bank means a financial institution at which a Deposit Account is maintained.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • 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).

  • Account Property means, with respect to each Account, such Account, together with all cash, securities, financial assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the (i) Reserve Fund, the Reserve Fund Initial Deposit and (ii) Yield Supplement Account, the Yield Supplement Account Deposit.

  • Security Account “Software”, and “Supporting Obligations”.

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • 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, or (as the case may be) apply any value distributed on account of any commodity contract as directed by Agent, in each case, without the further consent of such Borrower or Guarantor and including such other terms and conditions as Agent may require.