Payments from Collection Account. Subject to the terms of the Collection Account Control Agreement, Administrative Agent shall cause Paying Agent to apply all funds on deposit in the Collection Account on each Remittance Date in accordance with the related Periodic Remittance Report and as follows:
Appears in 3 contracts
Samples: Loan and Security Agreement (Offerpad Solutions Inc.), Loan and Security Agreement (Offerpad Solutions Inc.), Loan and Security Agreement (Offerpad Solutions Inc.)
Payments from Collection Account. Subject to the terms of the Collection Account Control Agreement, Administrative Agent shall cause Paying Agent to apply all funds on deposit in the Collection Account (inclusive of the Remittance Reserve Amount) on each Remittance Date in accordance with the related Periodic Remittance Report and as follows:
Appears in 1 contract
Samples: Loan and Security Agreement (Offerpad Solutions Inc.)
