Demand Deposit Account. Xxxxxx agrees to deposit the pro rata share of Xxxxxxxx’s payment due to the FTA in a segregated demand deposit account held by the Lender and titled as follows: “[insert legal name of Lender], FBO Guidehouse LLP as FTA, in trust for the individual security beneficiaries.” The demand deposit account shall not refer to any party other than the Lender, FTA, and the individual security beneficiaries (as applicable).
Appears in 4 contracts
Samples: www.sba.gov, www.sba.gov, catran.sba.gov
Demand Deposit Account. Xxxxxx Lender agrees to deposit the pro rata share of Xxxxxxxx’s payment due to the FTA in a segregated demand deposit account held by the Lender and titled as follows: “[insert legal name of Lender], FBO Guidehouse LLP as FTA, in trust for the individual security beneficiaries.” The demand deposit account shall not refer to any party other than the Lender, FTA, and the individual security beneficiaries (as applicable).
Appears in 1 contract
Samples: catran.sba.gov
