Direction of Funds. In connection with Lender’s obligations under the Repo Agreement, Lender hereby directs Borrower to disburse, by wire transfer, any and all payments to be made under or in respect of the Loan to the following account at [ ] for the benefit of Citi:
Direction of Funds. In connection with Borrower’s obligations under the Loan, Lender hereby directs Borrower to disburse, by wire transfer, any and all payments to be made under or in respect of the Loan to the following account, for the benefit of Buyer: Xxxxx Fargo Bank, N.A. ABA # [ ] Account # [ ] Acct Name: [ ] (Reference loan number and property name/borrower name) This direction shall remain in effect unless and until Buyer has notified Borrower otherwise in writing.
Direction of Funds. In connection with Lender’s obligations under the Repurchase Agreement, Lender hereby directs Borrower to disburse, by wire transfer, any and all payments to be made under or in respect of the Loan to the following account at [Bank] for the benefit of JPMorgan: [BANK] ABA # [ ] Account # [ ] FFC: [ ] Attn: JPMorgan – Buyer’s Repurchase Account Attn: [ ] This direction shall remain in effect unless and until JPMorgan has notified Borrower otherwise in writing.
Direction of Funds. In connection with Lender's obligations under the Repo Agreement, Lender hereby directs Borrower to disburse, by wire transfer, any and all payments to be made under or in respect of the Loan to the following account at LaSalle Bank for the benefit of DBAG: LaSalle Bank ABA [000000000] Account # [ ] FFC: [ ] Attn: Deutsche Bank AG, Cayman Islands Branch - Buyer's Repurchase Account Attn: [ ] This direction shall remain in effect unless and until DBAG has notified Borrower otherwise in writing.
Direction of Funds. In connection with Lender’s obligations under the Repo Agreement, Lender hereby directs Borrower to disburse, by wire transfer, any and all payments to be made under or in respect of the Loan to the following account at LaSalle Bank for the benefit of DBAG: LaSalle Bank ABA 000000000 BNF: LaSalle Trust Account: 0000000
Direction of Funds. In connection with Taberna Loan Holdings I, L.L.C.’s obligations under the Repo Agreement, Buyer hereby directs the Servicer to disburse, by wire transfer, any and all payments to be made under or in respect of the Notes to the following account at Wilmington Trust Company, for the benefit of Xxxxxx LLC: Wilmington Trust Company ABA 000000000 Acct Name: Xxxxxx Account Acct. # 089951-001 Attn: Xxxxx, x0000 This direction shall remain in effect unless and until Buyer has notified [indenture trustee] otherwise in writing.
Direction of Funds. In connection with Lender’s obligations under the Repurchase Agreement, Lender hereby directs Mortgagor to disburse, by wire transfer, any and all payments to be made under or in respect of the Loan to the following account, for the benefit of JPMorgan: ABA # 000000000 Account # [ ] Attn: [Insert information regarding Depository Account] Acct Name: “Midland Loan Services, a Division of PNC Bank, National Association on behalf of [ ] for the benefit of JPMorgan Chase Bank, National Association, as Repurchase Agreement Buyer” This direction shall remain in effect unless and until JPMorgan has notified Mortgagor otherwise in writing.
Direction of Funds. In connection with Borrower’s obligations under the Loan, Lender hereby directs Borrower to disburse, by wire transfer, any and all payments to be made under or in respect of the Loan to the following account, for the benefit of JPMorgan: ABA # [____] Account # [____] Attn: [Insert information regarding Depository Account] Acct Name: “[SERVICER] for the benefit of JPMorgan Chase Bank, National Association, as Repurchase Agreement Buyer” This direction shall remain in effect unless and until JPMorgan has notified Borrower otherwise in writing.
Direction of Funds. In connection with Xxxxxx’s obligations under the Repo Agreement, Lender hereby directs you to disburse, by wire transfer, any and all payments to be made under or in respect of the Loan to the following account at [_____________] for the benefit of Natixis: [________________] ABA [_____________] Account # [___________] Attn: [________________] Attn: [________________] This direction shall remain in effect unless and until Natixis has notified you otherwise in writing.
Direction of Funds. (a) The Parties agree that the payoff amount for the Buyer Promissory Note as of January 20, 2016 (the “Payoff Date”) is $1,614,544.47 (the “Payoff Amount”), which consists of $1.6 million of principal and $8,766.67 of interest for December 2015 and $5,777.80 of interest for the period January 1, 2016 to January 20, 2016.
(b) As of the date of this Agreement and pursuant to, and as permitted by, the Security Agreement, Lender is holding (i) $1,384,474.09 of funds received by Lender from the collection of amounts due to KDS from third parties (the “KDS Funds”) and (ii) $1,917,802.20 of KPS Funds, and.
(c) On the Payoff Date, Lender shall cause to be delivered:
(i) the Payoff Amount from the KPS Funds to Lender;
(ii) the $137,830.00 from the KDS Funds to Lender as a continuing security interest to secure the obligations of KDS to Palm Coast Data LLC under the Offset Claim Agreement;
(iii) February 2016 rent and estimated property taxes under the Lease Agreement in the amount of $61,135.57 from the KPS Funds to El Dorado Utilities, Inc.;
(iv) the remaining balance of $242,122.16 from the KPS Funds, plus any additional amount of KPS Funds deposited prior to the wiring of such funds, to KPS; and
(v) the remaining balance of $1,246,644.09 from the KDS Funds, plus any additional amount of KDS Funds deposited prior to the wiring of such funds, to KDS. Amounts to be delivered to KDS shall be by wire transfer to KDS’s account at PNC Bank, National Association (“PNC”) designated in writing by KDS to Lender. Amounts to be delivered to KPS shall be by wire transfer to KPS’s account at PNC designated in writing by KPS to Lender. Each of the transactions contemplated by Sections 1(c)(iv) and 1(c)(v) of this letter agreement shall be subject (A) to the completion of Sections 1(c)(i), 1(c)(ii) and 1(c)(iii) of this letter agreement and (B) to the other terms and provisions of this letter agreement.
(d) Upon completion of the transactions contemplated by Section 1(c) of this letter agreement (the “Wire Delivery Time”):
(i) the Buyer Promissory Note shall be deemed paid in full and the original Buyer Promissory Note, if in Lender’s possession, shall be marked cancelled and returned to Buyers, not later than 10 days after the Payoff Date;
(ii) other than with respect to the Recipient Claim being held by Lender as a continuing security interest to secure the obligations of KDS to Palm Coast Data LLC under the Offset Claim Agreement, the Security Agreement shall be deemed termi...
