Borrower Investment Account definition

Borrower Investment Account means, in respect of an Investment Mortgage Loan, an investment account in the name of the relevant Borrower.
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Borrower Investment Account means, in respect of an Investment Mortgage Loan, an investment account in the name of the relevant Borrower. "Borrower Investment Pledge" means a right of pledge (pandrecht) on the rights of the relevant Borrower in connection with the Borrower Investment Account in relation to Investment Mortgage Loans.
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Borrower Investment Account means an instruction (opdracht) and power of attorney (volmacht) by a beneficiary to the relevant Life Insurance Company or the relevant Savings Participant or any other insurance company to pay any insurance proceeds to the relevant Transferor in full or partial satisfaction of the same debt for which the relevant Borrower Insurance Pledge was created; means, in respect of an Investment Mortgage Loan, an investment account in the name of the relevant Borrower;
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Examples of Borrower Investment Account in a sentence

  • Under an Investment Mortgage Loan the Borrower is not required to repay principal until maturity of the Mortgage Loan, but undertakes to invest on an instalment basis or by means of a lump sum investment an agreed amount in certain investment funds through a Borrower Investment Account.

  • Under an Investment Mortgage Loan the Borrower does not pay principal prior to maturity of the Mortgage Loan, but undertakes to invest on an instalment basis or by means of a lump sum investment an agreed amount in certain investment funds through a Borrower Investment Account.

Related to Borrower Investment Account

  • Investment Account As defined in Section 3.12(a).

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company or any Subsidiary.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).