Borrower Funding Account definition

Borrower Funding Account means an account (number 51948) in the name of the Borrower and maintained with the Account Bank.

Borrower Funding Account. The Deposit Account maintained by each Borrower for the purposes of funding certain acquisition related expenses.

Borrower Funding Account means the account listed for the Borrowers in Exhibit A-1 or such other Deposit Account as the Administrative Borrower may from time to time specify in writing to the Administrative Agent.

Examples of Borrower Funding Account in a sentence

• All Revolving Advances made hereunder shall be made available to the Borrowers at the Borrower Funding Account.

• Following the opening and establishment of the Borrower Funding Account, the Borrower shall at all times thereafter maintain the Borrower Funding Account and cause the Borrower Funding Account to be subject to a Blocked Account Control Agreement.

• The Funding Agent (through the receipt of funds from the related Lenders) is to make such proceeds available in the Borrower Funding Account notwithstanding that the funding conditions set forth in Section 7.2 and 7.5 for acquisition of an Additionally Financed Aircraft shall not yet have been satisfied in respect of all or any portion of the anticipated Additionally Financed Aircraft.

• From and after the Second Funding Date, the Cash Reserve shall remain held in the Borrower Funding Account and shall not be released or distributed from the Borrower Funding Account for any purpose; provided, that, upon the occurrence of the Cash Reserve Release Date, the Administrative Agent shall instruct the Depositary Bank to release the Cash Reserve from the Borrower Funding Account and transfer such funds to a Business Unit Account specified by the Borrower.

• Administrative Agent shall deposit the aggregate of the amounts made available to Administrative Agent by the Lenders, in like funds as received by Administrative Agent, into the Borrower Funding Account in accordance with the Borrowing Request or as otherwise agreed between the Administrative Agent and the Borrower pursuant to any funds flow memorandum delivered in connection therewith.

More Definitions of Borrower Funding Account

Borrower Funding Account means a deposit account (as defined in Article 9 of the UCC) of the Borrower established and maintained at the Depositary Bank, which shall be established on or prior to the Account Establishment Date and shall at all times thereafter be subject to a Blocked Account Control Agreement.

Borrower Funding Account means the account in the name of the Borrower at the Account Bank number 36156892 charged to the Lender under the Borrower Funding Account Charge.

Borrower Funding Account means the account in the name of the Borrower at the Account Bank number 00000000 charged to the Lender under the Borrower Funding Account Charge.

Borrower Funding Account means an account (with an account number to be specified in Schedule VI hereto) in the name of the Borrower and maintained with the Account Bank.

Borrower Funding Account means an account in the name of the Borrower at the Account Bank number 36140000 xxxrged in favour of the Lender under the Borrower Funding Account Assignment.

Borrower Funding Account means that certain account in the name of the Account Bank with ABA Number 000000000 and Account Number 129550-001.

Borrower Funding Account means a Concentration Account into which all Revolving Credit Loans made by Lenders to the Borrower are deposited as specified in the applicable Notice of Borrowing.