Designated Payment Account definition

Designated Payment Account means an account with the Administrative Agent designated from time to time by the Borrower in a writing executed by a Financial Officer.
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Designated Payment Account means an account at a bank designated by each Investor from time to time as the account into which the Issuer shall make all payments to such Investor under this Note Purchase Agreement and the other Note Documents.
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Designated Payment Account means an account at a bank designated by the Investor from time to time as the account into which the Note Parties shall make all payments to the Investor under this Agreement and the other Note Documents.
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Examples of Designated Payment Account in a sentence

  • The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to the Designated Payment Account; provided that ABR Revolving Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.


More Definitions of Designated Payment Account

Designated Payment Account means a banking account which is accessible online and constitutes a payment account within the meaning of the PSRs 2018, for which you are the account holder and in respect of which you submit account details via the User Interface and/or the Identification Form.
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Related to Designated Payment Account

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

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

  • Designated Payment Office means the Office of NYSERDA’s Controller, located at 00 Xxxxxxxx Xxxxxx, Xxxxxx, Xxx Xxxx 00000.

  • Deferred Payment Date for a Participant means the date after the Restricted Period in respect of Restricted Share Units which is the earlier of (i) the date which the Participant has elected to defer receipt of the underlying Shares in accordance with Section 4.5 of this Plan; and (ii) the Participant’s Separation Date.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Reinvestment Deferred Amount means, with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Loans pursuant to Section 2.09(b) as a result of the delivery of a Reinvestment Notice.