Disbursement Account Bank definition

Disbursement Account Bank as defined in the Security Agreement.

Disbursement Account Bank means Bankers Trust Company or any other financial institution selected from time to time by the Agent and reasonably acceptable to the Borrower Representative.

Disbursement Account Bank means the bank or banks at which the Disbursement Accounts are established from time to time, or any such successor bank selected by Borrower provided such replacement bank shall be an Eligible Institution approved by Lender, such approval not to be unreasonably withheld, conditioned or delayed.

Examples of Disbursement Account Bank in a sentence

• The Backup Servicer (including, for the avoidance of doubt, if it is then acting as Successor Servicer), the Collection Account Bank and the Disbursement Account Bank shall be express third party beneficiaries of the provisions of Section 2.10.

• The Administrative Agent shall have received copies of each Credit Document executed and delivered by each applicable Credit Party, the Backup Servicer, the Disbursement Account Bank and the Collection Account Bank, as applicable, and the original, executed membership interests of the Borrower representing 100% of all outstanding membership interests of the Borrower, along with executed assignments in blank with respect thereto.

• If the Available Funds in the Controlled Disbursement Account or sweep Account are less than the aggregate Inclearings presented against the Controlled Disbursement Account, Bank will have the right to dishonor one or more of the Checks for which there are not adequate Available Funds.

• The Administrative Agent shall have received copies of each Credit Document originally executed and delivered by each applicable Credit Party, the Backup Servicer, the Disbursement Account Bank and the Collection Account Bank, as applicable.

• If the Available Funds in the controlled Disbursement Account or Sweep Account are less than the aggregate Inclearings presented against the Controlled Disbursement Account, Bank will have the right to dishonor one or more of the Checks for which there are not adequate Available Funds.

More Definitions of Disbursement Account Bank

Disbursement Account Bank means any bank selected from time to time by Lender and reasonably acceptable to the Funds Administrator.

Disbursement Account Bank. Xxxxx Fargo Bank, N.A., or such other party upon whom Buyer and Seller may mutually agree.

Disbursement Account Bank shall have the meaning assigned to it in Section 2.6(e).

Disbursement Account Bank means UMB Bank, N.A.

Disbursement Account Bank means BT Delaware.

Disbursement Account Bank means LaSalle Bank or any other financial institution selected from time to time by the Agent and reasonably acceptable to the Funds Administrator.

Disbursement Account Bank means The Bank of Nova Scotia.