Lender’s Account definition

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

Lender’s Account means, with respect to any Lender the account(s) from time to time designated in writing by such Lender to the Borrower and the Servicer for purposes of receiving payments to or for the account of such Lender and its Affiliates hereunder.

Lender’s Account means an account at a bank designated by Lender from time to time as the account into which Borrower shall make all payments to Lender under this Agreement and the other Loan Documents; unless and until Lender notifies Borrower to the contrary, Lender's Account shall be that certain deposit account bearing account number 323-266193 and maintained by Lender with The Chase Manhattan Bank, 4 New York Plaza, 15th Floor, New York, New York 10004, ABA #000000000.

Examples of Lender’s Account in a sentence

• Bank shall notify the Lender and Agent of any cash payments (by way of dividend or other income) due on Securities on Loan and shall post the same as an entitlement due to Lender on the Lender’s Account.

• Bank shall credit Lender’s Account with the amount of any cash Distributions from Securities on Loan which Bank actually receives and these will only be credited to the Cash Account on actual receipt and reconciliation by Bank notwithstanding any provision to the contrary in the Custody Agreement.

• The receipt of any payment item by Lender (whether from transfers to Lender by the Cash Management Banks pursuant to the Cash Management Agreements or otherwise) shall not be considered a payment on account unless such payment item is a wire transfer of immediately available federal funds made to the Lender’s Account or unless and until such payment item is honored when presented for payment.

• Anything to the contrary contained herein notwithstanding, any payment item shall be deemed received by Lender only if it is received into the Lender’s Account on a Business Day on or before 11:00 a.m. (California time).

• If any payment item is received into the Lender’s Account on a non-Business Day or after 11:00 a.m. (California time) on a Business Day, it shall be deemed to have been received by Lender as of the opening of business on the immediately following Business Day.

More Definitions of Lender’s Account

Lender’s Account means an account at a bank designated by Lender from time to time as the account into which Borrower shall make all payments to Lender under this Agreement and the other Loan Documents.

Lender’s Account means the Deposit Account of Lender identified on Schedule L-1.

Lender’s Account means the account of Lender identified on Schedule 1, or such other account designated in writing by Lender to Borrower.

Lender’s Account means the account number 27861113 in the name of the Lender with the Principal Paying Agent at its Specified Office, as defined in the Agency Agreement;

Lender’s Account means the account of each Lender set forth in Schedule II. Each Lender may update from time to time its account information set forth in Schedule II by providing notice in writing to the Borrower.

Lender’s Account means an account of or specified by the Lender and, until the Lender shall notify the Borrower of a change in such account, shall mean the account of Vornado Lending L.L.C. maintained at Fleet Bank (Account No. 9403934589).

Lender’s Account means an account of the Lender designated in writing by the Lender to the Borrower.