Examples of Depository Account Bank in a sentence
The Borrower shall provide the Program Agent and each Managing Agent with prompt written notice of any termination of any bank as a Depository Account Bank or any Person as a Lock-Box Processor, together with a revised Exhibit F hereto.
The Servicer shall provide the Program Agent and each Managing Agent with prompt written notice of any termination of any bank as a Depository Account Bank or any Person as a Lock-Box Processor, together with a revised Exhibit F hereto.
Each applicable Borrower, Agent and each Blocked Account Bank or Depository Account Bank, as applicable, shall enter into a deposit account control agreement in form and substance satisfactory to Agent directing such Blocked Account Bank or Depository Account Bank, as applicable, to transfer at the close of each Business Day such funds so deposited to the Cash Collateral Account.
Subservicer shall not add any account as a Depository Account, any bank as a Depository Account Bank, any Person as a Lock-Box Processor or any lock-box as a Lock-Box with respect to the Pledged Contracts in each case other than those listed in Exhibit B, unless the Servicer shall have received (i) thirty (30) days’ prior written notice of such addition and (ii) evidence that such Depository Account or Lock-Box, as applicable, is subject to the Master Agency Agreement.
Neither Agent nor any Lender assumes any responsibility for such blocked account arrangement, including any claim of accord and satisfaction or release with respect to deposits accepted by any Blocked Account Bank or Depository Account Bank thereunder.
It consisted of 12 sessions of 1 hour each (10 teaching sessions and 2 sessions for assessment) of P.
For 2008: Depository Account Bank Balance Insured $ 202,000CollateralizedCollateral held by pledging bank's trustdepartment in the School's name - par value 3,348,085 Uninsured and uncollateralized - Total deposits $ 3,550,085 NOTE C – CASH AND INVESTMENTS – CONTINUED Disclosure Custodial Credit Risk - Deposits Custodial Credit Risk is the risk that in the event of a bank failure, the government's deposits may not be returned to it.
The Depository Account maintained at the applicable Depository Account Bank (Account No. 88-904220) in the name of Xxxxxxxxx, or any other account established to replace such account, which account shall serve as the account into which all Gross Cash Receipts of the Properties are to be directly deposited by any third parties, the Borrower's interest in such Depository Account to be pledged to the Lender as provided in the Pledge Agreement.
Within one (1) Business Day after clearance of any deposits into the Special Depository Account, Bank shall credit all amounts paid into the Special Depository Account first against any amounts outstanding under the Revolving Facility, and then, of any remaining balance of such amount to a Borrower’s operating account maintained with Bank.
At June 30, 2012, the District had the following depository accounts: Depository Account Bank Balance Insured Custodial risk is the risk that in the event of a bank failure, the District’s deposits may not be returned to it.