Insufficient Account Clause Samples

Insufficient Account. If Borrower requests disbursement from the Replacement Reserve Fund for a Capital Replacement in accordance with this Agreement in an amount which exceeds the amount on deposit in the Replacement Reserve Fund, Lender shall disburse to Borrower only the amount on deposit in the Replacement Reserve Fund. Borrower shall pay all additional amounts required in connection with any such Capital Replacement from Borrower's own funds.
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Insufficient Account. If Lender determines in its reasonable discretion that the money in the Repair Escrow Fund is insufficient to pay for the Repairs, Lender shall so notify Borrower, in writing, and as soon as possible (but in no event later than twenty (20) days after such notice) Borrower shall pay to Lender an amount, in cash, equal to such deficiency, which amount shall be placed in the Repair Escrow Fund by Lender.
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Insufficient Account. If ▇▇▇▇▇▇▇ Mac determines in its discretion that the money in the Development Fund is insufficient to pay for the completion of the Improvements, ▇▇▇▇▇▇▇ Mac shall so notify Borrower, in writing, and as soon as possible (but in no event later than twenty (20) days after such notice) Borrower shall pay to ▇▇▇▇▇▇▇ Mac an amount, in cash, equal to such deficiency, which amount shall be delivered to Bond Trustee for deposit into the Borrower Equity Account for disbursement in accordance with this Agreement.
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Insufficient Account. If Borrower requests a disbursement from the applicable Mortgage Subaccount for Work in accordance with this Agreement in an amount which exceeds the amount on deposit in such Mortgage Subaccount, then, subject to the satisfaction of the conditions precedent set forth in Section 7.3.1 hereof with respect to such request, Lender shall cause the Servicer to disburse to Borrower only the amount then on deposit in the applicable Mortgage Subaccount. All additional amounts required in connection with any such Work shall be paid by Borrower from Borrower's own funds, provided that Borrower may request disbursement of such additional amounts from the applicable Mortgage Subaccount at a later date in accordance with the terms and conditions of this Agreement. In the event that there is more than one pending and unsatisfied request for disbursement hereunder and the aggregate amount requested thereunder exceeds the amount on deposit in the applicable Mortgage Subaccount, then, subject to the satisfaction of the conditions precedent set forth in Section 7.3.1 hereof with respect to such requests, Lender shall cause the Servicer to apply the amount on deposit in such Mortgage Subaccount to such of the requests for disbursement as Lender shall determine in its sole discretion.
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Insufficient Account. If the Owner requests disbursement from the Capital Reserve Fund for a capital works in accordance with this Agreement in an amount which exceeds the amount in the Capital Reserve Fund, the Trustee shall disburse to Owner a maximum of 50% of the amount in the Capital Reserve Fund or the Minimum Reserve, whichever amount is greater, and shall immediately notify the Municipality. The Owner shall pay all additional amounts required in connection with any such capital works from the Owner’s own funds.
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Insufficient Account. The insufficiency of any balance in the COSR Fund shall not abrogate the Borrower’s agreement to fulfill all preservation and operation covenants in the Borrower Loan Documents. In the event that the balance of the COSR Fund is less than the current estimated cost to make the COSR Distribution required under this Agreement, County shall inform the Borrower of the shortage within 15 days of a completed COSR Disbursement Request Form submission to the County.
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Insufficient Account. If Mortgagor requests disbursement from the Replacement Reserve Fund for a Capital Replacement in accordance with this Agreement in an amount which exceeds the amount on deposit in the Replacement Reserve Fund, Lender shall disburse to Mortgagor only the amount on deposit in the Replacement Reserve Fund. Mortgagor shall pay all additional amounts required in connection with any such Capital Replacement from Mortgagor’s own funds.
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Related to Insufficient Account

  • Insufficient Funds If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, L/C Borrowings, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, toward payment of principal and L/C Borrowings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and L/C Borrowings then due to such parties.

  • Non-Sufficient Funds Tenant shall be charged $ for each check that is returned to Landlord for lack of sufficient funds.

  • NON-SUFFICIENT FUNDS (NSF CHECKS) If the Tenant pays the Rent with a check that is not honored due to insufficient funds (NSF): (check one)

  • Disbursement Account 12.1 The Lender is obligated to keep the bank account information provided on the Platform up to date. The account shall be managed by a bank within the Single Euro Payment Area (hereinafter “SEPA”). 12.2 Any transfers by the Borrower to an account held by the Lender within SEPA shall not be subject to any fees.

  • Funding Account The Administrative Agent shall have received a notice setting forth the deposit account of the Borrower (the “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.