Common use of Beneficiary Bank and Account Holder Information Clause in Contracts

Beneficiary Bank and Account Holder Information. Enter the following information into (1) Box 1 if Initial Loan Disbursement applicable for wire transfer, (2) Box 2 if Initial Loan Disbursement applicable for deposit into the Deposit Account, (3) Box 3 if Subsequent Loan Disbursement applicable for wire transfer, and/or (4) Box 4 if Subsequent Loan Disbursement applicable for deposit into the Deposit Account: · Borrower Name · Title/Escrow Number (if applicable) · Loan Number · Transfer/Deposit Funds to: Insert the Receiving Party Account Name (i.e. title/escrow company name or name on the Deposit Account) · Receiving Party Deposit Account Number: (i.e. title/escrow company account number at Receiving Bank or Deposit Account number) · Receiving Bank Name, City and State: Enter the name, City and State of Receiving Bank · Receiving Bank Routing/ABA Number · Disbursement Amount: Enter the maximum amount being wired to Receiving Party or deposited into the Deposit Account. In the case of an Initial Loan Disbursement, this amount may vary based on closing date estimates and per diem interest on existing loan payoffs. The actual amount of the Initial Loan Disbursement will be equal to or less than the Maximum Initial Loan Disbursement Amount listed above. · Further Credit Information: Enter any Further Credit Information/ Instructions identifying the account at Receiving Bank referred to in this section. · NOTE: Neither the Initial Disbursement Amount, nor the Initial Disbursement Amount together with any Subsequent Disbursement Amounts, shall ever exceed the Loan Amount.

Beneficiary Bank and Account Holder Information. Enter the following information into (1) Box 1 if Initial Loan Disbursement applicable for wire transfer, (2) Box 2 if Initial Loan Disbursement applicable for deposit into the Deposit Account, (3) Box 3 if Subsequent Loan Disbursement applicable for wire transfer, and/or (4) Box 4 if Subsequent Loan Disbursement applicable for deposit into the Deposit Account: · • Borrower Name · • Title/Escrow Number (if applicable) · • Loan Number · • Transfer/Deposit Funds to: Insert the Receiving Party Account Name (i.e. title/escrow company name or name on the Deposit Account) · • Receiving Party Deposit Account Number: (i.e. title/escrow company account number at Receiving Bank or Deposit Account number) · • Receiving Bank Name, City and State: Enter the name, City and State of Receiving Bank · • Receiving Bank Routing/ABA Number · • Disbursement Amount: Enter the maximum amount being wired to Receiving Party or deposited into the Deposit Account. In the case of an Initial Loan Disbursement, this amount may vary based on closing date estimates and per diem interest on existing loan payoffs. The actual amount of the Initial Loan Disbursement will be equal to or less than the Maximum Initial Loan Disbursement Amount listed above. · • Further Credit Information: Enter any Further Credit Information/ Instructions identifying the account at Receiving Bank referred to in this section. · NOTE: Neither the Initial Disbursement Amount, nor the Initial Disbursement Amount together with any Subsequent Disbursement Amounts, shall ever exceed the Loan Amount.