Common use of Closure of Account Clause in Contracts

Closure of Account. The Trust Bank shall, at the request of the Lender made on or after the payment by the Borrower of all outstanding amounts under the Loan Agreement, Trust and Retention Account Agreement, close the Designated Account and pay any amount standing to the credit thereof to the Borrower.

Appears in 5 contracts

Sources: Trust and Retention Account Agreement, Trust and Retention Account Agreement, Trust and Retention Account Agreement