Advance Account. (a) The Servicer shall cause to be established and maintained in its name, an Advance Account (the "Advance Account"), which need not be a segregated account. The Advance Account shall be maintained with any financial institution the Servicer elects.
Advance Account. With respect to the Advance Account, the Issuer shall cause the Servicer to make such withdrawals specified in Section 2.06 of the Sale and Servicing Agreement.
Advance Account. On or before the date on which the initial Loan advance is made, Agent shall open an account at Agent’s Head Office in the name of Borrower to facilitate the funding of the Loans (the “Advance Account”). The sole signatory on the Advance Account shall be Borrower. The Advance Account shall be a non-interest bearing account.
Advance Account. (a) The Servicer shall cause to be established and maintained in its name, an Advance Account (the "ADVANCE ACCOUNT"), which need not be a segregated account. The Advance Account shall be maintained with any financial institution the Servicer elects.
Advance Account. For Resellers required to maintain an Advance Account. Payment to the Advance Account may be via credit card.
Advance Account. (a) The Servicer shall cause to be established and maintained in its name, an Advance Account (the “Advance Account”), with respect to which a Blocked Account Agreement acceptable to the Purchaser shall be duly executed. The Advance Account shall be a separate Eligible Account. The Advance Account shall be maintained with a financial institution acceptable to the Purchaser and shall be maintained for and on behalf of the Purchaser, entitled “Option One Mortgage Corporation on behalf of UBS Real Estate Securities Inc., for the benefit of the Issuer, Re: Custodial Agreement dated as of July 2, 2002.” Amounts in the Advance Account may not be invested.
(b) Deposits and Withdrawals. Amounts in respect of the transfer of Additional Note Principal Balances and Loans shall be deposited into and withdrawn from the Advance Account as provided in Sections 2.01(c) and 2.06 hereof and Section 3.01 of the Note Purchase Agreement. Any amounts on deposit in the Advance Account but not applied on any Transfer Date shall remain in the Advance Account and may be applied to any subsequent transfer of Additional Note Principal Balances and Loans, subject to the conditions set forth in Sections 2.01(c) and 2.06 hereof and Section 3.01 of the Note Purchase Agreement.
Advance Account. (a) The Servicer, for the benefit of the Noteholders, shall cause to be established and maintained an Advance Account (the “Advance Account”), which shall be a separate Eligible Account entitled “Option One Owner Trust 2001-2 Advance Account, Wxxxx Fargo Bank Minnesota, National Association, as Indenture Trustee, for the benefit of the Option One Owner Trust 2001-2
Advance Account. The Bank shall maintain in accordance with its usual practice an account or accounts evidencing each Advance and the amounts of principal and interest with respect thereto payable and paid from time to time hereunder. In any legal action or proceeding such accounts shall, in the absence of manifest error, be conclusive evidence of the existence and amounts of the obligations of the Company therein recorded. Notwithstanding the foregoing, the failure of the Bank to maintain such account or accounts or any error in maintaining such accounts shall not affect the obligations of any party hereto with respect to any Advance.
Advance Account. Subject to the terms and conditions of this Agreement, as amended, all Advances under the Renewal Working Capital Line will be funded by Bank by deposit into the Advance Account; Advances under the Renewal Letter of Credit Line shall not be funded by deposit into the Advance Account unless otherwise so directed in writing by Borrower.
(j) Section 2.1F of the Agreement is amended in its entirety to read as follows:
Advance Account. If you maintain a credit balance, we will deduct from the credit balance when you purchase products or services from us. If the credit balance is insufficient for processing the order the order may not be processed. Any negative balance in the Advance Account will become immediately payable. If you do not correct a negative balance in your account within 24 hours, we reserve the right to terminate the Services with immediate effect and without any notice.
