Lender Account definition

Lender Account means, with respect to each Lender, the deposit account of such Lender identified on Schedule A-1 (or such other deposit account of such Lender that has been designated as such, in writing, by such Lender to the Borrower and the Agent).

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Lender Account means the account with Silicon Valley Bank held in Lender’s name with the account details as set forth in Schedule 2.3(b)(1).

Lender Account means the bank account held with the Lender and notified to the Borrower by the Lender in writing.

Examples of Lender Account in a sentence

To the extent that any Other Lenders have been paid with amounts redirected from the Non-Funding Lender Account, the Non-Funding Lender shall, from and after payment in full of all interest, Advances and other amounts owed to the Other Lender, be subrogated to the rights of the Other Lenders to the extent of any such payments from the Non-Funding Lender Account under clause eighth above.
All payments due to the Lender shall be effected by bank wire transfer to the Lender Account.
All payments (including prepayments) to be made by Obligor shall be made in immediately available funds in U.S. dollars, without setoff or counterclaim to the Lender Account before 1:00 p.m. (Eastern Time) on the date when due.
Any funds redirected from the Non-Funding Lender Account to make payments under clauses second through seventh above shall not be deemed to be payment by the Borrower for purposes of determining whether a Termination Event or a Designated Event has occurred and shall not discharge any obligations of the Borrower to make such payment.
When the Agent receives notification from the Borrowers that funds have been sent to the Lender Account and the Agent verifies that such funds are received by 12:00 noon (eastern time), the Agent shall distribute amounts owing to the other Lenders on the same Business Day in accordance with the Loan Documents, otherwise the Agent shall distribute such amounts on the next Business Day.

More Definitions of Lender Account

Lender Account means such account of Lender maintained at such banking institution as Lender may specify in its discretion from time to time in writing to Borrower at least five (5) Business Days prior to any Quarterly Payment Date or other date on which payments are to be made to Lender pursuant to the Loan Documents.

Lender Account means, individually or collectively, as applicable, any cash management account(s) established pursuant to the Senior Loan for the collection of all Revenue and the disbursement thereof pursuant to the Senior Loan Documents.

Lender Account means the sub account of a Lender which is maintained by Loop Securities;

Lender Account means the account opened in the name of the Lender, as notified from time to time by the Lender to the Borrower. Loan shall have a meaning ascribed to it in recital (C).

Lender Account as defined in the Collection Account Agreement.

Lender Account means such bank accounts as the Lender may designate in writing to Obligor from time to time.

Lender Account the following account (or such other account as the Agent may designate from time to time) maintained by the Agent at JPMorgan Chase, ABA number: [***], account number [***], for the account of Santander Consumer USA Inc., Attn: Drive Time Inventory Facility. Leverage Ratio: as of any Quarterly Measurement Date, the ratio computed by dividing (a) the total assets of the DT Entities On A Consolidated Basis as of such date, determined in accordance with GAAP by (b) Net Worth on such date.