Working Capital Account definition
Working Capital Account shall have the meaning set forth in the Mortgage Loan Agreement.
Working Capital Account means an interest bearing dollar account of the Borrower, opened or (as the context may require) to be opened with the Security Agent in Hamburg and designated the Working Capital Account and includes any other account designated in writing by the Agent to be a Working Capital Account for the purposes of this Agreement.
Working Capital Account shall have the meaning given to such term in Section 7(a).
Examples of Working Capital Account in a sentence
Provided that no Priority Payment Cessation Event has occurred and is continuing, Lender shall disburse all funds from the Working Capital Account to Manager on the Payment Date in which such funds are deposited therein for deposit by Manager into Manager’s Working Capital Account pursuant to the Management Agreement.
More Definitions of Working Capital Account
Working Capital Account is defined in clause (a) of Section 7.1.16.
Working Capital Account means an interest bearing account under the control of Landlord established with National City Bank of Cleveland into which Landlord shall deposit funds received from Tenant pursuant to (S)15.7.
Working Capital Account has the meaning assigned to such term in Section 5.19(g).
Working Capital Account has the meaning specified in the Intercreditor Agreement.
Working Capital Account means that separate bank account maintained by the Debtor to meet its working capital needs such as replacement of furniture, fixtures, equipment, etc., as such items deteriorate or need to be replaced.
Working Capital Account means, individually or collectively as the context indicates, those certain segregated Eligible Accounts established by or on behalf of each Operating Company with a Working Capital Bank into which each such Operating Company may cause, subject to the terms hereof, amounts to be deposited and held as provided in Section 2.6.4.
Working Capital Account is defined in Section 2.4(h).