Deposits to Borrower’s Account Sample Clauses

Deposits to Borrower’s Account. Absent direction to the contrary from the Borrower, the Bank shall have the right to deposit any Loan disbursement in the Borrower’s cash concentration account maintained at Bank of America, N.A. in the Borrower’s name.
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Deposits to Borrower’s Account. On the Closing Date, a portion of the proceeds of the Loans, to the extent not used pursuant to Section 5.08(a), (b) or (c), but not in excess of $2,700,000, shall be deposited into the Borrower’s Account. In addition, on each Payment Date and on the dates specified in Section 2.13(b), upon receipt of written instructions from the Administrative Agent, the Collateral Agent will cause amounts to be deposited into the Borrower’s Account as specified in Section 2.13(a) or (b), as applicable. In addition, the proceeds of the Expenses Equity Contribution shall be deposited into the Borrower’s Account.
Sample 1
Deposits to Borrower’s Account. On each Payment Date and on the dates specified in Section 2.13(b), upon receipt of written instructions from the Administrative Agent, the Collateral Agent will cause amounts to be deposited into the Borrower’s Account as specified in Section 2.13(a) or (b), as applicable. In addition, the Net Cash Proceeds from a Permitted Excluded Shares Disposition shall be deposited into the Borrower’s Account to the extent and as specified in paragraph (e)(ii) above.
Sample 1

Related to Deposits to Borrower’s Account

  • Deposits to the Collection Account and Special Payments Account (a) The Subordination Agent shall, upon receipt thereof, deposit in the Collection Account all Scheduled Payments received by it (other than any Scheduled Payment which by the express terms hereof is to be deposited to a Cash Collateral Account).

  • Certificate Account and Special Payments Account (a) The Trustee shall establish and maintain on behalf of the Certificateholders a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold the Certificate Account in trust for the benefit of the Certificateholders, and shall make or permit withdrawals therefrom only as provided in this Agreement. On each day when a Scheduled Payment is made to the Trustee under the Intercreditor Agreement, the Trustee upon receipt thereof shall immediately deposit the aggregate amount of such Scheduled Payment in the Certificate Account.

  • Disbursement Account A trust account for the benefit of Owner, opened by Manager with an FDIC insured bank to pay for “Operating Expenses” as defined in Section 4.01(b).

  • Administrative Accounts In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund shall be liable for the satisfaction of its obligations in connection with each Account.

  • Deposits to Special Accounts Except as otherwise provided in the Lock-Box Agreement, the Seller will not deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Lock-Box Account cash or cash proceeds other than Collections in respect of the Collateral.

  • Deposits to Collection Account The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication), within two (2) Business Days after receipt thereof, into the Collection Account and retain therein in trust for the benefit of the Grantor Trust Holder:

  • Deposit Account Payments Subsection (b) is amended to read as follows:

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

  • Establishment of and Deposits to Escrow Account The Company shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, "National City Mortgage Corp., in trust for the Purchaser of Conventional Residential Fixed Rate Mortgage Loans, Group No. 2001-1 and various Mortgagors". The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Company in accordance with Section 4.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit E-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit E-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Escrow Account or Accounts on a daily basis, and retain therein:

  • Disbursement to Borrower Borrower may request and receive only one borrowing hereunder in respect of the Loan and any amount borrowed and repaid hereunder in respect of the Loan may not be re-borrowed.

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