Examples of Lender Bank Account in a sentence
If a Lender (not having any active Participations) has not made any Participation within 6 (six) to 12 (twelve) consecutive months from the date the Lender’s Client Funds are received into the Client Account, Lendermarket shall be entitled, at its own discretion, to close the Lender Account and transfer the Lender’s Client Funds to the verified Lender Bank Account.
A Lender may transfer funds in Euros currency only into the Client Account by bank transfer from the Lender Bank Account for the purposes of advancing Limited Recourse Loans to or acquiring Claims from Loan Originators to complete Participations (“ Lender Funds Transfer”).
Notwithstanding anything to the contrary in this Order, the Debtors shall at all times during the interim period maintain a minimum balance in any RCF Lender Bank Account at least equal to the balance held in such accounts as of the Petition Date (such amounts, the “ MinimumBalance”).
Notwithstanding anything to the contrary in this Order, the Debtors shall at all times maintain a minimum balance in any RCF Lender Bank Account of a Debtor that is a Borrower or Guarantor under the Prepetition RCF Facility at least equal to the balance held in such accounts as of the Petition Date (such amounts, the “ Minimum Balance”).
Notwithstanding anything to the contrary in this Order, the Debtors shall at all times during the interim period maintain a minimum balance in any RCF Lender Bank Account of a Debtor that is a Borrower or Guarantor under the Prepetition RCF Facility at least equal to the balance held in such accounts as of the Petition Date (such amounts, the “Minimum Balance”).
For the purposes of identification of Lender Funds, the Lender shall, for each Lender Funds Transfer, include its Lender Account Number in the narrative of such Lender Funds Transfer, failing which Lendermarket may consider such transfer as a Lender Funds Transfer not executed in accordance with these Rules and return such funds to the Lender Bank Account.
Figure 6: Schematic for digital credit Lender Bank Account Stage I: Physical access to financial products through direct selling agents (DSAs) of banks and services is replaced by online platforms that do not appear to be regulated.
Failure of clearance may result in suspension of Lender Account and/or such funds may be returned to the Lender Bank Account, and/or suspension of any payment with such funds.
Notwithstanding anything to the contrary in this Order, the Debtors shall at all times| **during the interim period maintain a minimum balance in any RCF Lender Bank Account at leastequal to the balance held in such accounts as of the Petition Date (such amounts, the “ Minimum Balance”).
A Lender shall be entitled to request Lendermarket to transfer its Client Funds (or any part thereof) held in the Client Account to its Lender Bank Account.