Funding Account definition

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

Funding Account has the meaning assigned to such term in Section 2.03(f).

Funding Account means the deposit account of the Borrower to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

Examples of Funding Account in a sentence

• You represent and warrant that you have the right to authorize Us to charge the Funding Account for payments you initiate using “CardSwap”.

• You will also be charged a fee in the event that your payment is returned unpaid from your Funding Account as disclosed in your Loan Agreement.

• The Swingline Lender shall make each Swingline Loan available to a Borrower on the same Business Day by means of a credit to the Funding Account or otherwise in accordance with the instructions of such Borrower (including, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in ‎Section 2.05(e), by remittance to the applicable Issuing Bank).

• In the event that a Funding Account is found to have alternate owners than that of the Loan, we may cancel the account or discontinue this service for that user.

• By initiating a payment through “CardSwap”, you authorize Us to charge the Funding Account linked to your Payment card(s) that you designate to pay such bill.

More Definitions of Funding Account

Funding Account has the meaning set forth in Section 2.11(a).

Funding Account means an account created pursuant to section 3(6) for the deposit of funds and payment of retirement health care benefits under the applicable retirement act.

Funding Account means the non-interest bearing demand checking account established with, maintained by, and pledged to Lender into which shall be deposited the proceeds of Advances, the proceeds from any sale of Collateral, and from which funds shall be disbursed for the acquisition of Mortgage Loans.

Funding Account is defined in Section 2.5.

Funding Account. The account established and maintained pursuant to Section 4.02.

Funding Account. Is defined in Section 7-3.

Funding Account has the meaning assigned to such term in Section 2.03(vi).