Sky Account definition
Sky Account means the account designated as the “Tribeca-Sky Collateral Account established by Bank pursuant to the Lockbox Terms, and any replacement thereof.
Sky Account means the account designated as the “Tribeca-Sky Collateral Account established by Sky Bank pursuant to the Sky Bank Master Agreement and any replacement thereof. "Sky Bank Master Agreement" means that certain Master Credit and Security Agreement, dated as of February 28, 2006, among Sky Bank, Company and its Subsidiaries from time to time party thereto, as the same may be amended from time to time in accordance with the Intercreditor Agreement.
Examples of Sky Account in a sentence
Under that Lock Box Terms, Bank shall be entitled to receive all sums payable to the Company Subsidiary in respect of the Collateral (except as otherwise provided in the Intercreditor Agreement) for deposit into the Sky Account.
All amounts payable to the Company Subsidiary for the purchase by any Investor under a Purchase Commitment of any Pledged Mortgage Loans shall be deposited into the Sky Account.
In the event Bank shall approve such redemption, such redemption shall be effected by paying or causing Investor to pay to the Sky Account in cash the Redemption Amount for such redeemed Pledged Mortgage Loans, for application in accordance with Section 2.5.