Loan Deposits definition

Loan Deposits means the deposits required to be paid by the Borrower to the Master Servicer/Trustee on the Loan Deposit Dates in the amounts determined in accordance with Section 2.6 hereof. Subject to Section 2.6, such deposits shall not be less than the amounts necessary to ensure that there are sufficient monies on deposit in the [ELIGIBLE CDFI] Debt Service Account ([YEAR- ]) at least thirty (30) days prior to a Payment Date on the Bonds to enable the Master Servicer/Trustee to make the payment due on such Payment Date; provided, however, that to the extent the initial Loan Deposit Date is less than thirty (30) days prior to the first Payment Date after an Advance, the Borrower is still required to have sufficient monies on deposit to enable the Master Servicer/Trustee to make the payment due on such Payment Date.
Sample 1
Loan Deposits means the deposits required to be paid by the Borrower to the Master Servicer/Trustee on the Loan Deposit Dates in the amounts determined in accordance with Section 2.6 hereof. The Loan Deposits shall not be less than the amounts necessary to ensure that there are sufficient monies on deposit in the [ELIGIBLE CDFI] Debt Service Account ([YEAR- ]) at least thirty (30) days prior to a Payment Date on the Bonds to enable the Master Servicer/Trustee to make the payment due on such Payment Date.
Sample 1

Examples of Loan Deposits in a sentence

  • Beginning six months prior to each Semiannual Loan Payment, the Local Government shall make six Monthly Loan Deposits.

  • The Local Government shall establish a Loan Debt Service Account with a Depository and begin making Monthly Loan Deposits no later than the date set forth for such action in Section 10.07 of this Agreement.

  • Beginning six months prior to each Semiannual Loan Payment, the Project Sponsor shall make six Monthly Loan Deposits.

  • The Project Sponsor shall establish a Loan Debt Service Account with a Depository and begin making Monthly Loan Deposits no later than the date set forth for such action in Section 10.07 of this Agreement.

  • The Local Borrower shall establish a Loan Debt Service Account with a Depository and begin making Monthly Loan Deposits no later than the date set forth for such action in Section 10.07 of this Agreement.

  • The Local Government shall establish a Loan Debt Service Account with a Depository and begin making Monthly Loan Deposits no later than the date set forth in Section 10.07 unless the date is revised by amendment of this Agreement.

  • Beginning six months prior to each Semiannual Loan Payment, the Local Borrower shall make six Monthly Loan Deposits.

  • Loan Payments shall be deemed paid at the time the corresponding payments of principal, Call Premium, if any, and interest are paid on the [YEAR- ] Bonds to the extent that such payments on such [YEAR- ] Bonds are attributable to Loan Deposits or investment earnings thereon.

  • The Borrower agrees to pay Loan Deposits and Loan Payments to the Lender on the applicable Loan Deposit Dates and Loan Payment Dates and to pay any other amounts payable hereunder, or under any Loan Document, punctually on the date and at the times and to the persons agreed to hereunder or under any Loan Document.

  • Rothschilds take money on Ireland in connection with the famine, finance the Crimean Nine, and give money to England to buy half of the Suez Canal from Egypt in 1876.Creditanstalt Bank in Vienna is run by Solomon Rothschild, becoming the depository bank of Austro- Hungary.The British Bank of Rothschild finances the gold mines of South Africa.19th Century London Loan Deposits is 120 million pounds, compared with 40 million in New York, 13 million in Paris and 8 million in Germany.

Related to Loan Deposits

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

  • Imposition Deposits are defined in Section 7(a).

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Failed Bank Advances means the total sums paid by the Failed Bank to (i) protect its lien position, (ii) pay ad valorem taxes and hazard insurance, and (iii) pay credit life insurance, accident and health insurance, and vendor's single interest insurance.

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Deposit Secured Loan means a loan in which the only collateral securing the loan is Assumed Deposits or deposits at other insured depository institutions

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • 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.

  • Security Deposits means all Tenant security deposits in the form of cash and letters of credit, if any, held by Seller, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the Tenant).

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

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

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.