Disbursed Funds Account definition

Disbursed Funds Account means Account No. 0000000 and Account No. 201162, each held at American Trust (ABA Number 000000000), in the name of the Company, or any substitute account selected by the Issuers in accordance with this Agreement, which account shall be funded from disbursements from the Construction Disbursement Account pursuant to this Agreement and shall be pledged as collateral to the Trustee pursuant to the Control Account Agreement, for the benefit of itself and the holders of the Notes, and, with respect to at least one such account, from which the Company shall have general check writing authority.
Sample 1Sample 2
Disbursed Funds Account shall have the meaning assigned to such term in the Cash Collateral and Disbursement Agreement.
Sample 1
Disbursed Funds Account means Account No. 630000038.4 ("Riviera Black Hawk, Inc. Disbursed Funds Account"), held at IBJ Whitehall Bank & Trust Company in the name of the Company, or any substitute account selected in accordance with this Agreement, which account shall be funded from disbursements from the Construction Disbursement Account pursuant to this Agreement and shall be pledged as collateral to the Trustee, for the benefit of itself and the holders of the Notes, and from which the Company shall have general check writing authority.
Sample 1

Examples of Disbursed Funds Account in a sentence

  • Services with a surcharge are classified according to their content in groups defined by the Finnish Communication Regulatory Authority.

  • Further, the Company shall note in its records that all funds and other assets in the Disbursed Funds Account have been pledged to the Trustee.

  • The Eighth Circuit did not address the NWHA in either Acosta or Gomez.Discussion Werner moves this Court to reconsider its summary judgment order in light of the Eighth Circuit’s rulings in Acosta and Gomez.

  • The pond is unlined with infiltration through the base estimated from the water balance to be on average 17.5 mm/d (LEI, 2018 D1:E1).

  • All funds accepted by the Disbursement Agent pursuant to this Agreement shall be held in the appropriate Account or the Disbursed Funds Account for the benefit of the Issuers subject to the terms and conditions of this Agreement and the Pledge Agreement (including, without limitation, the rights of the Trustee hereunder and thereunder).

  • The Disbursement Agent shall note in its records that all funds and other assets in the Accounts and the Disbursed Funds Account have been pledged to the Trustee and that the Disbursement Agent is holding such items as agent for the Trustee, as secured party.

  • Further, the Issuers shall note in its records that all funds and other assets in the Disbursed Funds Account have been pledged to the Trustee.

  • Pursuant to the Pledge Agreement, the Issuers have granted to the Trustee, for the benefit of the holders of the Notes, a first priority security interest in the Accounts and the Disbursed Funds Account and all funds and assets from time to time deposited therein, and all products and proceeds thereof.

  • Pursuant to the Pledge Agreement, the Issuers have granted to the Trustee (for the benefit of itself and the holders of the Notes) a first priority security interest in its Disbursed Funds Account.

  • The Disbursement Agent may, upon the request of the Issuers, establish sub-accounts for accounting purposes within the Accounts and the Disbursed Funds Account, it being understood and agreed that the creation of such sub-accounts shall in no way affect the pledge in favor of the Trustee in the Accounts and the Disbursed Funds Account hereunder.


More Definitions of Disbursed Funds Account

Disbursed Funds Account means the Disbursed Funds Account, account number 110649060 at First National Bank of Commerce, New Orleans, Louisiana, in the name of the Company or any substitute account selected in accordance with this Agreement, which account shall be funded from disbursements from the Construction Disbursement Account and/or the Operating Revenue Account.
Sample 1
Disbursed Funds Account means the account, entitled "Inn of the Mountain Gods Resort and Casino Disbursed Funds Account" (and as further described on ANNEX 2 hereto) established at the Disbursement Agent's office located at 00 Xxxxxxxxxx Xxxxxx, St. Xxxx, Minnesota 55107-2292 in the name of the Issuer, or any substitute account selected in accordance with this Agreement, which account shall be funded from disbursements from the Construction Disbursement Account and Construction Reserve Account, if any, pursuant to this Agreement and shall be pledged as collateral to the Trustee, for the benefit of itself and the holders of the Notes, and from which the Issuer shall have check writing authority for payments of the amounts for which funds have been disbursed to this account.
Sample 1
Disbursed Funds Account means the account designated by the Issuer from time to time and pledged to the Collateral Agent pursuant to the terms of the Collateral Agreements, into which funds from the Disbursement Account will be deposited from time to time in accordance with the Disbursement Agreement.
Sample 1
Disbursed Funds Account means the Disbursed Funds Account, account number ISLCAPFDSDIS held at the IBJ Xxxxxxxx Bank & Trust Company, in the name of the Company, or any substitute account selected in accordance with this Agreement, which account shall be funded from disbursements from the Construction Disbursement Account and shall be pledged as collateral to the Trustee, for the benefit of itself and the holders of the Notes, and from which the Company shall have general check writing authority.
Sample 1
Disbursed Funds Account means an account to be designated by the Issuer from time to time, in the name of the Issuer, or any substitute account selected in accordance with this Agreement, which account shall be funded by disbursements from the Disbursement Account pursuant to this Agreement, shall be pledged as collateral to the Collateral Agent pursuant to the Security Agreement and subject to an account control agreement, in form sufficient to perfect the Collateral Agent’s Lien on such account and from which the Issuer shall have general check writing authority to pay amounts identified in the Disbursement Request to which the funds then on deposit in such account relate.
Sample 1

Related to Disbursed Funds Account

  • Funds Account means an account held by you or any third parties maintained with any Participant.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Disbursed Amount means, in respect of each Interest Period, the aggregate principal amount of the Loan withdrawn from the Loan Account in such Interest Period.

  • Agent Account means such account of the Administrative Agent as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

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

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Lender’s Account means the account identified in Schedule L-1.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

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

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.2.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2005-5, Home Equity Pass-Through Certificates, Series 2005-5. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Eligible Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

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

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

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

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.