Clearing Account means the account so designated and established by Section 5.04(1) hereof.

Clearing Account has the meaning set forth in Section 2.7.1 hereof.

Clearing Account shall have the meaning set forth in Section 6.1.

Examples of Clearing Account in a sentence

A portion of the PSL Revenues purchased by the Trust shall remain in the Clearing Account in accordance with and so long as required by the Sale Agreement, shall remain the property of the Trust and, upon release of such moneys from the Clearing Account, shall be applied in accordance with the terms hereof.
The Servicer shall deposit or cause to be deposited (and, to the extent received by the Authority directly, the Authority shall deposit or cause to be deposited) all PSL Revenues from any source into the Clearing Account.
The Collateral Agent agrees that, on any date on which it receives notice in accordance with the Sale Agreement of a change in the Reserve Amount, it shall notify the Clearing Account Bank of such change and shall direct the Clearing Account Bank to direct the amount of any excess over the new Reserve Amount to be transferred to the Holding Account.
In connection with the execution and delivery of the Sale Agreement and the Sale Documents, the Authority has agreed to deposit PSL Revenues (or to cause the Servicer under the Sale Agreement to make such deposits) into the Clearing Account, as provided further in Article III hereof.

More Definitions of Clearing Account

Clearing Account means Account No. 4159359173 in the name of the Seller maintained at Wellx Xxxgo Bank, N.A.

Clearing Account shall have the meaning set forth in Section 10.1(a) hereof.

Clearing Account shall have the meaning ascribed to such term in the Cash Management Agreement.

Clearing Account shall have the meaning ascribed to it in the Clearing Account Agreement.

Clearing Account means Account No. 4159359173 in the name of the Seller maintained at Xxxxx Fargo Bank, N.A.

Clearing Account means the depositary account identified as such on Exhibit E into which Collections are collected or deposited.

Clearing Account shall have the meaning set forth in the Mortgage Loan Agreement.