Loan Account Bank definition

Loan Account Bank means a financial institution acceptable to each of the Borrower and the Administrative Agent and which maintains the Loan Account. The initial Loan Account Bank is BMO.
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Loan Account Bank means the financial institution that maintains the Loan Account from time to time.
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Loan Account Bank means a financial institution acceptable to each of the Borrower and the Administrative Agent and which maintains the Interest Account. The initial Loan Account Bank is BMO.
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Examples of Loan Account Bank in a sentence

  • From and after the Closing Date, the Borrower shall have caused to be established and shall maintain a deposit account at the Loan Account Bank in the name of the Borrower designated as a the Loan Account and subject to an Account Control Agreement (the “Loan Account”).

  • To the extent that the aggregate principal balance of Loan Accounts held by Bank (or its Affiliates) would exceed the Program Threshold Amount following the funding of any Loan Account, Bank may elect not to fund such Loan Account.

  • As of the Closing Date, the Collection Account is account [banking information has been redacted] at the Collection Account Bank, and the Loan Account is account [banking information has been redacted] at the Loan Account Bank.

  • From and after the Funding Date, the Borrower shall have caused to be established and shall maintain a deposit account at the Loan Account Bank in the name of the Borrower designated as the Loan Account and subject to an Account Control Agreement (without trigger) (the “Loan Account”).


More Definitions of Loan Account Bank

Loan Account Bank means Bank of Utah, as Loan Account Bank under the Class A-1 Loan Advance Account Agreement.
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Related to Loan Account Bank

  • Designated Account Bank has the meaning specified therefor in Schedule D-1.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Account Bank means any of them.

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

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

  • Loan Account has the meaning set forth in Section 2.10.

  • Blocked Account Agreement means with respect to a deposit account established by a Loan Party, an agreement, in form and substance reasonably satisfactory to the Collateral Agent, establishing control (as defined in the UCC) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, upon the occurrence and during the continuance of a Dominion Trigger Event, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

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

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

  • Lockbox Bank means a depository institution named by the Servicer and acceptable to the Controlling Party.

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

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.