Designated Funding Account definition

Designated Funding Account means account #0000000 at First Western Trust Bank (or such other account designated by the Borrower to the Lender in writing) into which the Term Loan will be funded on each Borrowing Date.

Designated Funding Account is Borrower’s Deposit Account, account number 3300540510, maintained with Silicon Valley Bank and over which Agent has been granted control for the ratable benefit of all Lenders.

Designated Funding Account is Borrower’s Deposit Account, account number 4123713448, maintained with Xxxxx Fargo and over which Agent has been granted a Control Agreement.

Examples of Designated Funding Account in a sentence

• Agent shall, unless it shall have determined that one of the conditions set forth in Section 3.1 or 3.2, as applicable, has not been satisfied, by 2:00 p.m. (New York time) on such day, credit the amounts received by it in like funds to Borrower by wire transfer to the Designated Funding Account (or to the account of Borrower in respect of the Obligations, if the Credit Extension is being made to pay an Obligation of Borrower).

• Any payment required to be made to Agent or a Lender under this Agreement may be made by debit or automated clearing house payment initiated by Agent or such Lender from any of Borrower’s deposit accounts, including the Designated Funding Account, and Borrower hereby authorizes Agent and each Lender to debit any such accounts for any amounts Borrower owes hereunder when due.

• On the Borrowing Date, the Lender shall make the requested Term Loan Advance by payment of immediately available funds to the Designated Funding Account.

• Regardless of where you live, work, or where you access the Services, this Agreement, any enrollment form, and your deposit relationship with us will be governed by the substantive laws (excluding conflict of laws principles) and regulations of the United States and the state in which the branch where your primary Designated Funding Account was established is located.

• You authorize us to deduct all fees from your Designated Funding Account or, to the extent your Designated Funding Account lacks sufficient funds, from any of your other accounts maintained with us.

More Definitions of Designated Funding Account

Designated Funding Account is Borrower’s Deposit Account, account number [***], maintained with [***] and over which Agent has been granted a Control Agreement.

Designated Funding Account means the eligible account(s) you have with us from which you may make Bill Payments. Only your primary Designated Funding Account may be used for Bill Payments in Telephone Banking.

Designated Funding Account is Borrower’s Deposit Account, account number 0000000, maintained with Pacific Western Bank and over which Agent has been granted control for the ratable benefit of all Lenders.

Designated Funding Account is Borrower’s Deposit Account, account number 3300764748, maintained with SVB and over which Agent has been granted control for the ratable benefit of all Lenders.

Designated Funding Account is (i) prior to the opening of the Xxxxx Account, the Citizens Account and (ii) thereafter, the Xxxxx Account.

Designated Funding Account is Xxxxxxxx’s Deposit Account, account number [***], maintained with [***] and subject to paragraph 5 of the Post-Closing Obligations Schedule over which Agent has been granted a Control Agreement.

Designated Funding Account is the Wxxxx Account.