Lender Party Accounts definition

Lender Party Accounts have the meanings specified in Section 10.08.
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Lender Party Accounts has the meaning set forth in Section 6.15(a).
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Examples of Lender Party Accounts in a sentence

  • Once L/C Issuer or a Lender has a Notice of Exclusive Control, which such notice shall not be given until an Event of Default has occurred and is continuing, the Administrative Agent shall be the only party entitled to make withdrawals from or otherwise give any entitlement order or other direction with respect to the Lender Party Accounts.

  • Prior to the receipt by L/C Issuer or a Lender of notice from the Administrative Agent that it is exercising exclusive control over any Lender Party Account (a “Notice of Exclusive Control”), the Loan Parties are entitled to make withdrawals from the Lender Party Accounts and make deposits into and give entitlement orders with respect to the Lender Party Accounts.

  • L/C Issuer and each Lender agrees to hold its Lender Party Accounts as bailee for the Administrative Agent to perfect the security interest held for the benefit of the L/C Issuer or a Lender therein.

  • Upon Administrative Agent’s receipt of such notice, such accounts shall cease to be Lender Party Accounts and the maintenance of accounts shall be subject to such account becoming an Approved Account as set forth above.

  • On the date hereof, the Borrower shall deliver to Administrative Agent a schedule of all Lender Party Accounts and any Approved Accounts, in form and substance acceptable to Administrative Agent, which such schedule shall be revised immediately upon any change in Lender Party Accounts and Approved Accounts in a manner sufficient to notify Administrative Agent of all then-current Lender Party Accounts and Approved Accounts.

  • In furtherance of the forgoing, each L/C Issuer and Lender acknowledges that certain of the Loan Parties maintain Lender Party Accounts at one or more of the Administrative Agent, L/C Issuer and Lenders as disclosed pursuant to this Agreement.

  • L/C Issuer and each Lender agrees to hold its Lender Party Accounts as bailee for Administrative Agent to perfect the security interest held for the benefit of the L/C Issuer or a Lender therein.

  • Prior to the receipt by L/C Issuer or a Lender of notice from Administrative Agent that it is exercising exclusive control over any Lender Party Account (a “Notice of Exclusive Control”), the Loan Parties are entitled to make withdrawals from the Lender Party Accounts and make deposits into and give entitlement orders with respect to the Lender Party Accounts.

  • For additional information, refer to the AFCMO Web site: www.colonels.hq.af.mil or contact MPF customer service, 556-7377.

  • Prior to the receipt by the Administrative Agent, L/C Issuer or Lender of notice from the Administrative Agent that it is exercising exclusive control over (or, in the case of any Lender Party Account maintained in Canada, enforcing its security interest in) any Lender Party Account (a “Notice of Exclusive Control”), the Loan Parties are entitled to make withdrawals from the Lender Party Accounts and make deposits into and give entitlement orders with respect to the Lender Party Accounts.

Related to Lender Party Accounts

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Facility Account means the account numbered 0000000 maintained by Seller in the name of “PDC Funding Company, LLC” at JPMorgan, together with any successor account or sub-account.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Property Account has the meaning set forth in Section 2.8(c).

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Lender’s Account means the account identified in Schedule L-1.

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Funds and Accounts means funds and accounts created pursuant to or referred to in Section 501

  • Borrower’s Account shall have the meaning set forth in Section 2.8.

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

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Lock-Box Bank means any of the banks or other financial institutions holding one or more Lock-Box Accounts.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Multiple-party account means an account in the names of 2 or more persons, 1 or more or all of whom may make withdrawals, or an account in the name of 1 or more parties as trustee for 1 or more beneficiaries even though no mention is made of a right of withdrawal by a beneficiary. Accounts established for deposit of funds of a partnership, joint venture or other association or accounts controlled by 2 or more persons as the duly authorized agents or trustees for a corporation, unincorporated association, charitable or civic organization or any trust, except trusts of deposits evidenced only by the form of the deposit, are excluded from the meaning of the term and from the provisions of this act. At least 1 party to a multiple-party account shall be a member of the credit union in which the account is established.

  • Clearing Bank means the Bank or any other banking institution with whom a Payment Account has been established pursuant to a Blocked Account Agreement.

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Locked Box Accounts means the unaudited accounts of the Group, consisting of a balance sheet as at the Locked Box Date in the Agreed Form;

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.