Disbursing Account definition

Disbursing Account means the bank account that will be established after the Confirmation Date to disburse the payments provided for in the Plan.
Disbursing Account means a deposit account established by the Disbursing Agent for purposes of making Advances under this Agreement pursuant to the terms of the Construction Disbursing Agreement.
Disbursing Account means the bank account(s) maintained by the Debtor that hold monies of the Estate. The Disbursing Account shall be utilized for the purpose of paying Liquidation Expenses and making distributions to creditors pursuant to the Plan.

Examples of Disbursing Account in a sentence

  • The BANK shall process the Payment Instructions by debiting the COMPANY’s Disbursing Account with the BANK for the amount of PAG-IBIG payments indicated in the Payment Instructions and remitting the same to the Fund.

  • The BANK shall process the Payment Instructions by debiting the COMPANY’s Disbursing Account with the BANK for the aggregate amount of tax payments indicated in the Payment Instructions and remitting the same to the Bureau of Treasury.


More Definitions of Disbursing Account

Disbursing Account means and refers to the account to be established, upon final approval by the Court, for disbursement of settlement proceeds.
Disbursing Account means the Account maintained, opened and designated by the COMPANY as the source of funds for its disbursement or payment transactions.
Disbursing Account means the bank account of the Debtor to be established in accordance with Section 8.01 of this Plan.
Disbursing Account means a deposit account established by the Lender for purposes of making all Advances under this Agreement.
Disbursing Account. As defined in the Project Management Agreement.
Disbursing Account has the meaning set forth in Section 3.5.
Disbursing Account means a deposit account established by the Disbursing Agent with Security Xxxxx Xxxx, Xxxxxx Xxxxx, Xxxxxxxxx for purposes of making all Advances under this Agreement. Disbursing Agent means First Minnesota Title & Abstract, LLC, a Minnesota limited liability company, its successors and assigns.