Disbursement Account definition

Disbursement Account means a disbursement account specified by Lender to Borrower as the “Disbursement Account” from time to time.

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Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

Disbursement Account means the account established by Buyer pursuant to which funds shall be disbursed to fund any Wet Loan.

Examples of Disbursement Account in a sentence

The Borrower shall treat all income from amounts on deposit in any Disbursement Account as its income for federal, state and local income tax purposes.
Each Collection Account and each Disbursement Account is maintained solely in the name of the Borrower.
Any Agent shall be entitled, but not obligated, to request and receive, prior to the release of any funds from any Disbursement Account to the Borrower, additional information reasonably satisfactory to the requesting party confirming the satisfaction of any of the foregoing if, in the good faith judgment of such Agent, such request is warranted under the circumstances.
The Borrower shall provide, cause to be provided or cause the Servicer to provide, to the Collateral Agent remote, view-only access to each Collection Account and each Disbursement Account.
All amounts deposited into a Disbursement Account pursuant to this Section 2.8(a) shall be applied as Collections on the related Settlement Date pursuant to Section 2.10.

More Definitions of Disbursement Account

Disbursement Account has the meaning ascribed to it in Section 1.1(e).

Disbursement Account shall have the meaning provided in Section 9.15(a).

Disbursement Account shall have the meaning assigned to it in Annex C.

Disbursement Account means the deposit account in the name of the Borrower maintained at a bank in the United States designated by the Borrower to the Agent into which there shall be deposited proceeds of Loans and funds disbursed to the Borrower by the Agent.

Disbursement Account shall have the meaning given in Section 2.1(a)(vii).

Disbursement Account means account number 8800828975 maintained at SunTrust Bank, or as otherwise designated to the Administrative Agent by the Administrative Borrower.

Disbursement Account shall have the meaning ascribed to such term in the Custodial Agreement.