Examples of Advance Account in a sentence
The Advance Account shall be maintained with any financial institution the Servicer elects.
If the grant/contribution has been received in advance of need then the amount is transferred to a Grant in Advance Account.
With respect to the Advance Account, the Issuer shall cause the Servicer to make such withdrawals specified in Section 2.06 of the Sale and Servicing Agreement.
Payments made through the Accounts Payable function are no longer recorded as belonging to the Municipal Fund or Trust Fund as this practice related to the old fund accounting regime that was associated with Treasurers Advance Account - whereby each fund had to periodically ‘reimburse’ the Treasurers Advance Account.
The proceeds of all Loans shall be deposited by Agent to the Advance Account, and all Loans shall accrue interest from the date of deposit in the Advance Account.