Termination of Reserve Account. On the date following the Drawdown Termination Date on which all Obligations have been paid in full, all funds then on deposit in the Reserve Account shall be paid to the Borrower, and the Reserve Account shall be closed.
Appears in 6 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement (Lennar Corp /New/)
Termination of Reserve Account. On the date following the Drawdown Termination Date on which all Obligations have been paid in full, all funds then on deposit in the Reserve Account shall be paid to the Borrower, Borrower and the Reserve Account shall be closed.
Appears in 2 contracts
Samples: Collateral Agency Agreement (Horton D R Inc /De/), Loan Agreement (Horton D R Inc /De/)
Termination of Reserve Account. On the date following the Drawdown Termination Date on which all Obligations have been indefeasibly paid in full, all funds then on deposit in the Reserve Account shall be paid to the Borrower, Borrower and the Reserve Account shall be closed.
Appears in 2 contracts
Samples: Loan Agreement (American Home Mortgage Investment Corp), Loan Agreement (American Home Mortgage Investment Corp)
Termination of Reserve Account. On the date following the Drawdown Termination Date on which all Repurchase Obligations have been indefeasibly paid in full, all funds then on deposit in the Reserve Account shall be paid to the Borrower, Sellers and the Reserve Account shall be closed.
Appears in 1 contract
Samples: Repurchase Agreement (American Home Mortgage Investment Corp)
