Funds  Held  Accounts,  Maximum  Amounts Sample Clauses

Funds  Held  Accounts,  Maximum  Amounts. With the consent of Lender and upon execution of this Master Agreement, Borrower may establish one or more accounts (each of which accounts shall hereafter be referred to as a "Funds Held Account") by providing Lender with funds for deposit and instructions requesting that Lender place such funds in a Funds Held Account. Section I I of this Master Agreement and Lender's Funds Held Policy, as the same may be modified from time to time, shall govern Funds Held Accounts. The maximum aggregated balance of the Borrower's Funds Held Account(s), including compounded interest, shall not exceed an amount equal to the aggregate of all of Borrower's combined Loan commitments and Loan balances and shall be consistent with federal laws and the Lender's policies, as may be amended from time to time. Absent the occurrence of an Event of Default, amounts in excess of the maximum balance will be remitted to Borrower or other parties designated in the Loan Documents to receive loan proceeds unless Borrower and Lender agree otherwise in writing.