Disbursement Account definition

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).

Examples of Disbursement Account in a sentence

  • The COMPANY undertakes to maintain sufficient funds (free from any liens and encumbrances) in the Check Disbursement Account on the Value Date to fund all the checks requested to be issued and to pay for all Fees and such other amounts as may be due hereunder.

  • The annual allocation available in a given year to support Core Activities will be transferred from the Contribution Accounts into a Disbursement Account by the Financial Committee under 6.26(c) of the Agreement, taking into account the Release Considerations in 8.2 of the Agreement.


More Definitions of Disbursement Account

Disbursement Account means the account established by Buyer pursuant to which funds shall be disbursed to fund any Wet Loan.
Disbursement Account shall have the meaning assigned to it in Annex C.
Disbursement Account shall have the meaning specified in Section 2.2(f).
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 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.
Disbursement Account means each checking and/or disbursement account maintained by each Borrower and each Subsidiary Guarantor for their respective general corporate purposes, including for the purpose of paying their trade payables and other operating expenses.