Designated Deposit Account definition

Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.
Sample 1Sample 2Sample 3
Designated Deposit Account is the multicurrency account denominated in Dollars, account number , maintained by Borrower with Bank.
Sample 1Sample 2Sample 3
Designated Deposit Account means a deposit account to be maintained by Borrower with Xxxxx Fargo or one of its Affiliates, as from time to time designated by Borrower by written notification to the Administrative Agent.
Sample 1Sample 2Sample 3

Examples of Designated Deposit Account in a sentence

  • SVB may debit any of Borrower’s deposit accounts maintained with SVB, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes SVB when due under the Loan Documents.

  • The Lender making available any Loan shall disburse the proceeds of such Loan by wire transfer to Borrower at the account specified in the Funding Certificate for such Loan (or, in the case of SVB, the Designated Deposit Account).

  • XXXXXXXX Its: CFO Email: nxxx@xxxx.xx DISBURSEMENT INSTRUCTION FORM The proceeds of the first advance of Term Loan shall be disbursed as follows: Term Loan $ 525,000.00 Less: Administrative Agent Fee to be remitted to Agile Capital Funding, LLC $ (25,000.00 ) TOTAL TERM LOAN NET PROCEEDS TO BORROWER $ 500,000.00 The aggregate net proceeds of the Term Loan shall be transferred to the Designated Deposit Account as follows:JP BORROWER: LOOP MEDIA, INC Account Name: Loop Media Inc.

  • Bank shall pay any surplus to Borrower by credit to the Designated Deposit Account or to other Persons legally entitled thereto; Borrower shall remain liable to Bank for any deficiency.

  • Bank shall credit Credit Extensions to the Designated Deposit Account.


More Definitions of Designated Deposit Account

Designated Deposit Account is Borrower’s deposit account, account number 0000000000, maintained with Silicon Valley Bank.
Sample 1Sample 2Sample 3
Designated Deposit Account is Borrower’s deposit account, account number 3300345156 (routing number 000000000), maintained with Agent.
Sample 1Sample 2Sample 3
Designated Deposit Account is the account number ending [________________________] (last three digits) maintained by Borrower with Bank (provided, however, if no such account number is included, then the Designated Deposit Account shall be any deposit account of Borrower maintained with Bank as chosen by Bank).
Sample 1Sample 2Sample 3
Designated Deposit Account means a deposit account to be maintained by Borrower with Wells Fargo or one of its Affiliates, as from time to time designated by Borrower by written notification to the Administrative Agent.
Sample 1Sample 2Sample 3
Designated Deposit Account is the deposit account established by Borrower with Bank for purposes of receiving Credit Extensions.
Sample 1Sample 2Sample 3
Designated Deposit Account is the account number ending XXXXXX5649 maintained by Borrower with Bank (provided, however, if no such account number is included, then the Designated Deposit Account shall be any deposit account of Borrower maintained with Bank as chosen by Bank).
Sample 1Sample 2
Designated Deposit Account means a deposit account designated by a Borrower in its Request for Loan submitted with respect to each Loan.
Sample 1Sample 2Sample 3