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Advance Account definition

Advance AccountThe account established and maintained pursuant to Section 5.04.
Advance Account means an Account referred to in Section 2.02 (c) of this Agreement;
Advance Account refers to the credit balance maintained by the Customer with the Parent.

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.


More Definitions of Advance Account

Advance Account means the depositary account of the Borrower designated by the Borrower by written notice to the Agent and the Lender.
Advance Account means Borrower’s non-interest bearing deposit account no. 1852-717493 with Agent, which shall be titled as designated by Agent and to which Agent shall have exclusive access and control. Agent shall disburse Advances into the Advance Account from time to time for the purpose of Borrower funding Drafts furnished to a Closing Agent and wire transfers pursuant to a Wire Request, all subject to the terms and conditions of this Agreement.
Advance Account means, unless another account is specified by the Issuer in the Advance Request, the Principal Reinvestment Account.
Advance Account means the account maintained in Borrower's name on Lender's books.
Advance Account means the bank account operated by Harmoney on behalf of the Trustee into which funds are transferred by Harmoney from the Investor Account when an Order is accepted, and from which Harmoney (as agent for the Trustee) transfers funds to the relevant Borrower’s Nominated Account at Settlement; AIL means approved issuer levy payable under part 6B of the Stamp and Cheque Duties Xxx 0000;
Advance Account means each of the accounts referred to in Part C of Schedule 1 to this Agreement;
Advance Account means account no. 1895261558 in the name of Debtor, into which advances of the Line of Credit (as defined in the Credit Agreement) are made, which advances are to be used by Debtor to originate or purchase Pledged Mortgage Loans in accordance with the Credit Agreement, together with any replacement or successor account thereto.