Administrative Account definition

Administrative Account means the account opened with the Administrative Agent in the name of the Initial Lender as notified to the Borrower and the Initial Lender, or such other account as the Administrative Agent shall advise the Borrower and each Lender from time to time.

Administrative Account has the meaning assigned to it in Section 3.01(c).

Administrative Account means the account which may receive up to four percent (4%) of the federal capitalization funds, loan administration and loan application fees which are used to reimburse costs incurred by state agencies in the administration of the program, including but not limited to costs of servicing loans and issuing debt, program start-up costs, financial, management, and legal consulting fees, and costs for support services by state agencies;

Examples of Administrative Account in a sentence

• Each Lender shall make the amount of each Borrowing to be made by it hereunder available to the Administrative Agent by wire transfer of immediately available funds to the Administrative Account not later than 12:00 noon (New York City time) on the proposed date thereof.

• Except as otherwise expressly provided herein, all such payments shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, to the Administrative Account in immediately available funds not later than 12:00 noon (New York City time) on the date specified herein.

• Service Contact – Service problems should be directed to the Administrative Account Manager.

• In the event of any approved sale or lease or other disposition under this Paragraph, any net proceeds from the sale or lease or other disposition shall be paid to the Cimarron Trust Environmental Cost Accounts for the Cimarron Site and/or the Cimarron Trust Administrative Account in a proportion approved by NRC and the State of Oklahoma in writing.

• The Cimarron Trust Assets shall be subject to the claims of the Cimarron Trustee, and the Cimarron Trustee shall be entitled to reimburse itself out of any available cash in the Cimarron Trust Administrative Account, and the Cimarron Trust shall be obligated to pay, for actual out- of-pocket expenses and for actual hours worked.

More Definitions of Administrative Account

Administrative Account means the judicial retire- ment administrative account.

Administrative Account means an account established in accordance with Section 8.3(a)(ii) below.

Administrative Account means security access codes, passwords and user IDs for Customer's authorized internal personnel to access the CrowdEngine Technology and Subscription Services for the purpose of configuring and administering the Customer Portal.

Administrative Account means the interest bearing trust account with one of the Canadian Schedule 1 banks under the control of the Claims Administrator.

Administrative Account means any user account, that has full privileges and unrestricted access to any one or more of the following systems:

Administrative Account means the account from which costs of administration of the Agreement shall be paid, as more fully described in Section III.B below.

Administrative Account has the meaning specified in Section 2.10(b) (Payments by the Company).