Mandatory Deposits Sample Clauses

Mandatory Deposits. The following funds must be deposited into each respective Custodial T&I Account: (a) related Borrowers' Escrow Funds; (b) related T&I Advances; (c) the remaining balance of Title Insurance loss drafts; (d) rent receipts to offset any related T&I Advances by the Servicer; (e) unapplied funds; and (f) Liquidation Proceeds from a related Mortgage Loan that offset a deficit balance in the related Borrower's Escrow Funds.
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Mandatory Deposits. The following funds must be deposited into each related Custodial P&I Account within two Business Days after the Servicer's receipt of such amounts, or in the case of clauses (d) and (e) hereof, on the Remittance Date or, in the case of clause (g) hereof, on the Business Day after the Servicer's receipt of the Borrower's required monthly payment under the related subsidy agreement: (a) Principal collections from related Mortgage Loans (including Prepayments in Full and Curtailments), together with Month End Interest, if applicable; (b) Interest collections from related Mortgage Loans (net of Servicing Fees or other compensation of the Servicer as set forth in Section 4.6.1); (c) Liquidation Proceeds and Insurance Proceeds from related Mortgage Loans other than proceeds held in an escrow account and applied to the restoration and repair of the related Mortgaged Property; (d) related P&I Advances; (e) any related PMI Advances; (f) the proceeds of any purchase, or substitution under a purchase agreement, of a related Mortgage Loan by the Servicer or a Representing Party, or sale of an REO; (g) an amount from the Custodial Subsidy Account that when added to the Borrower's payment will equal the full monthly amount due under the related Mortgage Note; and (h) any amounts received pursuant to Section 15.7.
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Mandatory Deposits. In addition to all other requirements in this Agreement or the other Loan Documents to deposit funds to the Account, the Borrower shall deposit (or cause to be deposited) each of the following amounts into the Account (each of which shall be in addition to and not duplicative of, or a substitution for, any other requirement under this Section 2.27 or any other provision of this Agreement or the Loan Documents (including without limitation, Sections 2.25 and 2.26)): (a) an aggregate principal amount equal to (i) from the Second Amendment Effective Date through August 15, 2020, $5,000,000, (ii) from the Second Amendment Effective Date through September 15, 2020, $10,000,000, (iii) from the Second Amendment Effective Date through October 15, 2020, $15,000,000, (iv) from the Second Amendment Effective Date through November 15, 2020, $20,000,000 and (v) from the Second Amendment Effective Date through December 15, 2020, $25,000,000 (or if any such date is not a Business Day, then the next succeeding Business Day). (b) Within five (5) Business Days after any Group Member incurs any Indebtedness pursuant to Section 7.2(q) or Section 7.2(s), an amount equal to the aggregate amount of all cash proceeds received in respect thereof by such Group Member net of all investment banking fees, discounts and commissions, legal fees, consulting fees, accountants’ fees, underwriting discounts and commissions and other fees and expenses, actually incurred in connection therewith; provided that the Borrower may elect to apply any such net cash proceeds from Indebtedness incurred pursuant to Section 7.2(q) or Section 7.2(s), as applicable, to the prepayment of loans under the Subsidiary Loan Documents only to (and not in excess of) the extent to which a mandatory prepayment in respect of such net cash proceeds is required under the terms of the Subsidiary Loan Documents (with any remaining net cash proceeds deposited in the Account in accordance with the terms of this Section 2.27(b)). (c) Within five (5) Business Days after any Group Member incurs any Indebtedness pursuant to Section 7.2(r) that is secured by a Lien that is pari passu with the Liens securing the Obligations, an amount equal to the aggregate amount of all cash proceeds received in respect thereof by such Group Member net of all investment banking fees, discounts and commissions, legal fees, consulting fees, accountants’ fees, underwriting discounts and commissions and other fees and expenses, actually incurred i...
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Mandatory Deposits. The Loan Parties shall, and shall cause their Subsidiaries, to pay directly into the Full Dominion Account any Net Cash Proceeds of any issuance of Replacement Convertible Notes not used to repurchase, redeem, repay or otherwise satisfy Existing Convertible Notes substantially simultaneously with (and, in any event within two (2) Business Day after) the issuance of such Replacement Convertible Notes.
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Mandatory Deposits. 39 6.3.2. Permissible Withdrawals.....................................39 6.3.3. Account Requirements........................................40 6.3.4. Account Balance.............................................40 Section 6.4 Eligible Account Investments...................................40 6.4.1. Eligible Investments Permitted..............................40 6.4.2. Eligible Investment Restrictions............................40 6.4.3. Eligible Investment Income..................................40 6.4.4. Eligible Investment Losses..................................40 6.4.5. Eligible Investments Reports................................41 6.4.6. Inter-Company Uses of Funds.................................41
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Mandatory Deposits. The following funds must be deposited into each related Custodial P&I Account within two Business Days after the Servicer's receipt of such amounts, or in the case of clauses (d) and (e) hereof, on the Remittance Date or, in the case of clause (g) hereof, on the Business Day after the Servicer's receipt of the Borrower's required monthly payment under the related subsidy agreement: (a) Principal collections from related Mortgage Loans (including Prepayments in Full and Curtailments), together with Month End Interest, if applicable; (b) Interest collections from related Mortgage Loans (net of Servicing Fees or other compensation of the Servicer as set forth in Section 4.6.1); (c) Liquidation Proceeds and Insurance Proceeds from related Mortgage Loans other than proceeds held in an escrow account and applied to the restoration and repair of the related Mortgaged Property; (d) related P&I Advances; (e) any related PMI Advances;
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Mandatory Deposits. 41 6.2.2. Optional Deposits............................................42 6.2.3. Permissible Withdrawals......................................42 6.2.4. Account Beneficiary..........................................43 6.2.5.
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Mandatory Deposits. 43 6.3.2. Permissible Withdrawals......................................43 6.3.3.
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Mandatory Deposits. Proceeds of the Term Loans in an amount not less than the principal amount of the Existing Parent Notes outstanding on the Funding Date that are not repaid or repurchased on the Funding Date shall be paid directly into the Full Dominion Account.
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Related to Mandatory Deposits

  • Cash Deposits Within the limitations of this Subsection, Purchaser shall make cash deposits to meet Purchaser’s obligations within 15 days of billing by Forest Service. Deposits shall be made to Forest Service, U.S.D.A., by mail or delivery to the address to be fur- nished by Forest Service. Forest Service shall explain the bill at the time it requests each deposit.

  • 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.

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

  • Targeted Deposits to the Accumulation Reserve Account The deposit targeted to be made to the Accumulation Reserve Subaccount for the Class A( - ) Notes for any Due Period during the Accumulation Reserve Funding Period will be an amount equal to the Targeted Accumulation Reserve Subaccount Deposit minus any amount on deposit in the Accumulation Reserve Subaccount for the Class A( - ) Notes.]

  • Reserve Accounts All unexpended funds in project reserve accounts shall remain with the project to be used for the benefit of the property and/or its residents.

  • Reserve Account (i) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders. (ii) The Seller may, from time to time after the date hereof, request each Rating Agency to approve a formula for determining the Specified Reserve Balance that is different from the formula set forth herein, which may result in a decrease in the amount of the Specified Reserve Balance or change the manner by which the Reserve Account is funded. Notwithstanding any other provision of this Agreement, if each Rating Agency then rating the Notes notifies the Seller (who shall send such notification to the Trust Collateral Agent) in writing that the use of any such new formula, and any decrease in the amount of the Specified Reserve Balance or change in the manner by which the Reserve Account is funded, will not result in the qualification, reduction or withdrawal of its then current rating of the Notes then the Specified Reserve Balance will be determined in accordance with such new formula and this Agreement will be amended to reflect such new formula without the consent of any Noteholder. (iii) On each Distribution Date, the Servicer shall instruct the Trust Collateral Agent (based on the information contained in the Servicer’s Certificate delivered on the related Determination Date) (A) if the amount on deposit in the Reserve Account (without taking into account any amount on deposit in the Reserve Account representing net investment earnings) is less than the Specified Reserve Balance, in which case the Trust Collateral Agent shall, after payment of any amounts required to be distributed pursuant to clauses (i) through (xviii) of Section 5.7(a) deposit in the Reserve Account the Reserve Account Deposit Amount pursuant to Section 5.7(a)(xix), and (B) if the amount on deposit in the Reserve Account, after giving effect to all other deposits thereto and withdrawals therefrom to be made on such Distribution Date is greater than the Specified Reserve Balance, in which case the Trust Collateral Agent shall distribute the amount of such excess as part of Available Funds on such Distribution Date. (b) On each Distribution Date, the Servicer shall instruct the Trust Collateral Agent (based on the information contained in the Servicer’s Certificate delivered on the related Determination Date) to withdraw the Reserve Account Withdrawal Amount from the Reserve Account and deposit such amounts in the Collection Account to be included as Total Available Funds for that Distribution Date. (c) Amounts properly transferred to the Certificate Distribution Account for payment to the Certificateholder pursuant to this Agreement shall not be available to the Trust Collateral Agent or the Trust for the purpose of making deposits to the Reserve Account, or making payments to the Noteholders, nor shall the Certificateholder be required to refund any amount properly received by them.

  • Time Deposits If your Account is a time deposit, you have agreed to keep the funds on deposit until the maturity of your Account. If your Account has not matured, any withdrawal of all or part of the funds from your Account may result in an early withdrawal penalty. We will consider requests for early withdrawal and, if granted, the penalty provided in the Schedule will apply.

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one)

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.

  • 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.

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