Disbursements from the Accounts Sample Clauses

Disbursements from the Accounts. Disbursements from the Escrow Accounts shall be made by the escrow holder as follows:
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Disbursements from the Accounts. (a) To the extent that the amount of funds in the TARC Disbursement Account is greater than zero, all disbursements from the Accounts (other than Special Purpose Disbursements) shall be made out of the TARC Disbursement Account until the amount of funds in such account is exhausted, and thereafter, as long as the TEC Disbursement Account contains any funds that have not been reserved in any of the Reserve Accounts, all disbursements from the Accounts (other than Special Purpose Disbursements) shall be made from the TEC Disbursement Account out of funds that have not been reserved in any of the Reserve Accounts. If the amount of funds in the TEC Disbursement Account that has not been reserved in any of the Reserve Accounts is zero, disbursements from the Accounts (other than Special Purpose Disbursements) shall be made first from the Contingency Reserve Account, until the amount of funds therein is exhausted, and second from the Feedstock Reserve Account, until the amount of funds therein is exhausted, third from the Operating Account, until the amount of funds therein is exhausted and fourth from the Interest Accumulation Account, until the amount of funds therein is exhausted.
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Disbursements from the Accounts. Prior to making a Disbursement, the Disbursement Agent shall telephone or email the Issuing Agent for the Title Insurer on the requested disbursement date to confirm that the Title Insurer is prepared to issue the Update Endorsement if an Update Endorsement is required under SECTIONS 4.2.2(d), 4.6.1(a)(iii), 4.6.2(b) OR 4.7 (d), as applicable. The Disbursement Agent shall disburse funds from the Securities Accounts, and the PFC Payment Account only upon satisfaction of the applicable conditions to disbursement set forth herein. Upon satisfaction of the applicable conditions to disbursement set forth herein, the Disbursement Agent shall disburse funds from the applicable Securities Account and the PFC Payment Account as specified in the applicable disbursement request or certificate.
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Disbursements from the Accounts. (a) So long as no Lockbox Period then exists, all funds in the Property Accounts shall be released to the Borrowers on each Business Day. During the continuance of a Lockbox Period, on each Monthly Payment Date, subject to Section 4(c) below, the Lockbox Bank shall, at the direction of the Agent or the Servicer, disburse the funds in the Lockbox Account in the following order of priority and in accordance with the amounts set forth in the Annual Budget
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Disbursements from the Accounts. Any transfers or disbursements from the Accounts may only be made in accordance with the Account Requirements and the Account Control Agreements.
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Disbursements from the Accounts. (a) The Cash Management Bank shall, without the further consent of Borrower, comply with all written instructions (and, with respect to any Permitted Investments, all entitlement orders) received from Administrative Agent, including, without limitation, any instructions that amounts be disbursed therefrom to other Accounts and/or to other accounts specified by Administrative Agent (it being agreed by Administrative Agent, as directed by Required Lenders, for the benefit of Borrower, that such written instructions (and any entitlement orders) shall at all times be in conformance with the provisions of the Loan Agreement), which instructions or entitlement orders are anticipated to be substantially in the form of Exhibit 1 attached hereto (collectively, “Disbursement Instructions ”). Without limiting the generality of the foregoing, until Administrative Agent instructs the Cash Management Bank otherwise (it being agreed by Administrative Agent, for the benefit of Borrower, that such written instructions (and any entitlement orders) shall at all times be in conformance with the provisions of the Loan Agreement), the Cash Management Bank shall transfer, free and clear of all liens, to an account specified by Borrower, at the end of each Business Day (or, at Borrower’s election, on a less frequent basis), all collected and available funds deposited in the Cash Management Account in excess of the Peg Balance. Administrative Agent may from time to time, on one Business Day’s prior written notice to the Cash Management Bank and without the further consent of Borrower, instruct the Cash Management Bank to stop making transfers to Borrower and/or change the Peg Balance (it being agreed by Administrative Agent, for the benefit of Borrower, that Administrative Agent shall only exercise such right in accordance with the terms of the Loan Agreement, including any cure rights of Borrower provided for therein), and the Cash Management Bank is hereby irrevocably instructed by the parties to comply with such notice or instruction. The Cash Management Bank hereby agrees to deliver prompt written notice of any deficiency in the Cash Management Account (relative to any Disbursement Instruction) to Borrower and Administrative Agent within three Business Days prior to any applicable disbursement date specified in a Disbursement Instruction, but Borrower agrees that failure of the Cash Management Bank to deliver such notice shall not in any way alter the obligations of Borrower u...
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Disbursements from the Accounts 
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Related to Disbursements from the Accounts

  • Disbursements from the Escrow Account a. At such time as Escrow Agent has collected and deposited instruments of payment in the total amount of the Advance and has received such Common Stock via D.W.A.C from the Company which are to be issued to the Investor pursuant to the Standby Equity Distribution Agreement, the Escrow Agent shall notify the Company and the Investor. The Escrow Agent will continue to hold such funds until the Investor and Company execute and deliver a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction at which time the Escrow Agent shall wire the Escrow Funds to the Company. In disbursing such funds, Escrow Agent is authorized to rely upon such Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Investor that Escrow Agent already has on file. Simultaneous with delivery of the executed Joint Written Direction to the Escrow Agent the Investor and Company shall execute and deliver a Common Stock Joint Written Direction to the Escrow Agent directing the Escrow Agent to release via D.W.A.C to the Investor the shares of the Company's Common Stock. In releasing such shares of Common Stock the Escrow Agent is authorized to rely upon such Common Stock Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Escrow Agent has on file. In the event the Escrow Agent does not receive the amount of the Advance from the Investor or the shares of Common Stock to be purchased by the Investor from the Company, the Escrow Agent shall notify the Company and the Investor.

  • Disbursements from Replacement Reserve Account (a) Lender shall make disbursements from the Replacement Reserve Account to pay Borrower only for the costs of the Replacements. Lender shall not be obligated to make disbursements from the Replacement Reserve Account to reimburse Borrower for the costs of routine maintenance to the Property or for costs which are to be reimbursed from the Required Repair Fund (if any).

  • Disbursement from the Bank Account 4.1 Subject to 4.3 below, if by the close of regular banking hours on the Termination Date the Escrow Agent determines that the amount in the Fund is less than the Minimum Dollar Amount or the Minimum Securities Amount, as indicated by the Subscription Information submitted to the Escrow Agent, then in either such case, the Escrow Agent shall promptly refund to each prospective purchaser the amount of payment received from such purchaser which is then held in the Fund or which thereafter clears the banking system, without interest thereon or deduction therefrom, by drawing checks on the Bank Account for the amounts of such payments and transmitting them to the purchasers. In such event, the Escrow Agent shall promptly notify the Issuer of its distribution of the Fund.

  • Investment of Funds in the Accounts The Trustee may direct any depository institution maintaining the Certificate Account or the Reserve Account, if any, for the Series and any other segregated Eligible Account, which Eligible Account shall be a Securities Account the contents of which are held for the benefit of Certificateholders of such applicable Series (each, an "Account"), to invest the funds therein at the specific written direction of the Depositor in one or more Eligible Investments bearing interest or sold at a discount, which shall be held to maturity unless payable on demand and which funds shall not be reinvested upon the maturity or demand for payment of such Eligible Investment. If the Depositor does not provide any investment directions by 10:00 a.m. on any Business Day, funds held in any Account will be invested in the Eligible Investments specified in clause (iv) of the definition thereof until receipt of investment directions to the contrary. Investments of such funds shall be invested in Eligible Investments that will mature so that such funds will be available for distribution on the next Distribution Date. Except as otherwise provided in the applicable Supplement, any earnings with respect to such Eligible Investments shall be paid to, and any losses with respect to such Eligible Investments shall be solely for the account of, the Certificateholders in proportion to their interest in the invested funds. In the event amounts on deposit in an Account are at any time invested in an Eligible Investment payable on demand, the Securities Intermediary, on behalf of the Trustee and the Trust, shall:

  • Disbursements from Escrow Funds to Pay NCPS NCPS is authorized to and may disburse from time to time, to itself or to any Indemnified Party from the Escrow Funds (but only to the extent of Issuer’s rights thereto), the amount of any compensation and reimbursement of out-of-pocket expenses due and payable hereunder (including any amount to which NCPS or any Indemnified Party is entitled to seek indemnification pursuant to Section 9 hereof). NCPS shall notify Issuer of any disbursement from the Escrow Funds to itself or to any Indemnified Party in respect of any compensation or reimbursement hereunder and shall furnish to Issuer copies of all related invoices and other statements. Such disbursements will not occur before the minimum contingency is met in compliance with SEC Rule 15c2-4.

  • Disbursements of Monies from Payment Account (a) Notwithstanding any other provision in this Agreement, but subject to the other subsections of this Section 9.01, on each Payment Date, the Collateral Agent shall disburse amounts transferred from the Collection Account to the Payment Account pursuant to Section 8.02 in accordance with the Payment Date Report and the following priorities (the “Priority of Payments”):

  • 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).

  • Withdrawals from the Collection Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.01:

  • Establishment of Custodial Account; Deposits in Custodial Account The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts (collectively, the “Custodial Account”), titled “PrimeLending, in trust for Redwood Residential Acquisition Corporation as Purchaser of Mortgage Loans and various Mortgagors.” Such Custodial Account shall be an Eligible Account established with a commercial bank, a savings bank or a savings and loan association (which may be a depository affiliate of the Seller) which meets the guidelines set forth by the FHFA, Fxxxxx Mxx or Fxxxxxx Mac as an eligible depository institution for custodial accounts. The Custodial Account shall not be transferred to any other depository institution without the Purchaser’s approval, which shall not unreasonably be withheld. In any case, the Custodial Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by the Seller. The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before the related Cut-off Date):

  • Establishment of Custodial Accounts; Deposits in Custodial Accounts The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts. The creation of any Custodial Account shall be evidenced by a Custodial Account Letter Agreement in the form of Exhibit 7. The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received by it subsequent to the Cut-off Date, or received by it prior to the Cut-off Date but allocable to a period subsequent thereto, other than in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date:

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