Tenant Security Account definition

Tenant Security Account has the meaning set forth in Section 2.18 hereof.
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Tenant Security Account has the meaning set forth in Section 3.3(a).
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Tenant Security Account means a blocked interest bearing account with Lender into which tenant security deposits and draws under Tenant Letters of Credit shall be deposited, as required and in accordance with Section 6.12. As of the Effective Date, the Tenant Security 6.13. Account is Bancontrol Account No. 070-196431, 6.14. maintained at Lender.
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Examples of Tenant Security Account in a sentence

  • At any time following the occurrence and during the continuance of an Event of Default, Agent may (at the direction of the Requisite Lenders) apply such sums (except with respect to the Tenant Security Account) as set forth in Section 7.5, subject to the Manager SNDA.

  • Borrower hereby grants to Agent for the benefit of Lenders a security interest in all rights of Borrower in and to the Tenant Security Account and all sums on deposit therein as additional security for the Obligations.

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  • Subject to the terms of the applicable Leases and Legal Requirements, Loan Parties hereby grant to Agent and Lenders a security interest in all rights of Loan Parties in and to the Tenant Security Account and all sums on deposit therein as additional security for the Obligations.

  • If an Event of Default exists, Lender shall have the rights and remedies with respect to the Tenant Security Account specified in this Agreement or in any other Loan Document.

  • After the occurrence and during the continuation of an Event of Default, Borrower shall have no right to direct Lender to withdraw any amounts from the Tenant Security Account or apply any Security Deposits, except as may be approved by Lender.

  • Without limiting the foregoing, to the extent required by Legal Requirements or any Space Lease, Borrowers shall, and shall cause Manager to, deposit all applicable cash Security Deposits collected by Borrowers, Manager or any of their respective agents into the Tenant Security Account within one (1) Business Day of receipt.

  • Following the occurrence and during the continuation of an Event of Default, Agent shall have the rights and remedies with respect to the Tenant Security Account specified in this Agreement or in any other Financing Document, subject to Legal Requirements and the rights of the Tenants under the Space Leases.

  • Subject to the foregoing, Borrower shall deposit or cause to be deposited all Security Deposits under Major Leases into the Tenant Security Account within two (2) Business Days after receipt.

  • After the occurrence and during the continuation of an Event of Default, neither Borrowers nor any other Person shall have any right to, and each Borrower covenants that it shall not, withdraw any amounts from the Tenant Security Account or apply any Security Deposits, except as may be approved by Agent.


More Definitions of Tenant Security Account

Tenant Security Account means an account into which shall be deposited all Security Deposits.
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Tenant Security Account. Has the meaning specified in Section 6.28(1).
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Tenant Security Account means an account with a bank or other financial institution reasonably acceptable to Agent. The Tenant Security Account as of the Closing Date is set forth in Schedule 4.11 attached hereto
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Related to Tenant Security Account

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

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

  • Senior Security Account means an account maintained and specifically allocated to a Series under the terms of this Agreement as a segregated account, by recordation or otherwise, within the custody account in which certain Securities and/or other assets of the Fund specifically allocated to such Series shall be deposited and withdrawn from time to time in accordance with Certificates received by the Custodian in connection with such transactions as the Fund may from time to time determine.

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

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit L, with such amendments, modifications or supplements thereto as may be approved by the Administrative Agent.

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

  • 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.

  • Maturity Account means an account or accounts required to be established by the Corporation (and which shall be maintained by and subject to the control of the Trustee) for each series of Debentures issued pursuant to and in accordance with this Indenture;

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • 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.

  • Personal Property Collateral means all Collateral other than Real Property.

  • 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.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • 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.

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

  • 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.

  • Account Collateral 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 Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • 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 Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Security Amount means an amount equal to:

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • 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.

  • Property Account has the meaning set forth in Section 2.8(c).

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.