Loan Disbursement Account definition

Loan Disbursement Account means the Deposit Account of the Lead Borrower identified on Schedule 2.19 to this Agreement (or such other Deposit Account of the Lead Borrower located at the Administrative Agent that has been designated as such, in writing, by the Borrowers to the Administrative Agent).

Loan Disbursement Account means the bank account opened and maintained by the Borrower with the Facility Agent prior to the first Utilisation Date under this Agreement for the purpose of the Loan to be advanced hereunder.

Loan Disbursement Account has the meaning given that term in Section 8.21.

Examples of Loan Disbursement Account in a sentence

• The conditions set forth in Sections 3.01 and 3.02 are inserted for the sole benefit of the Lender and may be waived by the Lender, in whole or in part (with or without terms or conditions), in respect of the initial advance or any disbursement without prejudicing the right of the Lender at any time to assert such conditions in respect of any subsequent disbursement from the Loan Disbursement Account.

• The Construction Receiver will pay interest in Canadian Dollars on each Loan from the date of initial advance of the Loan to the Loan Disbursement Account to the date of repayment thereof (both before and after default, acceleration and judgment) at the rate of seven percent (7%) per annum.

• In general, if customer accepts the terms and conditions of Hang Seng Handy Cash Personal Instalment Loan via Personal e-Banking before 3:00pm from Monday to Friday, and if the final approved result matches the preliminary approved result, the approved loan amount will be deposited to customer’s designated Loan Disbursement Account in Hang Seng on the same working day the soonest, subject to the actual situation from time to time.

• After the funds of relevant Loans are remitted into the Loan Disbursement Account in accordance with paragraph (b) of Clause 5.4 (Lenders' participation) above, the Facility Agent shall promptly remit such Loans funds directly to the relevant payee in accordance with the payment instructions given by the Borrower and the details under paragraph (d) of Clause 5.2 (Completion of a Utilisation Request) within the time permitted by laws and regulations or the Facility Agent's internal operating guidelines.

• Consideration and Possible Approval of a Resolution Designating Kay Brezny and Larry Hollingsworth as Authorized Signers and Requiring Both Signatures on Checks Disbursed from the BancFirst Student Loan Disbursement Account.

More Definitions of Loan Disbursement Account

Loan Disbursement Account. The account established pursuant to Article 3, Section 3.4 herein, maintained with Lender under account no. 055927360.

Loan Disbursement Account has the meaning set forth in the Craft Development Contract.

Loan Disbursement Account has the meaning set forth in Section 2.03(1).

Loan Disbursement Account means Lender’s Business First Bank Account #[ ].

Loan Disbursement Account shall have the meaning set forth in Section 2.1 of this Agreement.

Loan Disbursement Account. The account established by Borrowers pursuant to Section 3.4 herein, maintained at any bank acceptable to the Majority Lenders.

Loan Disbursement Account means an account with Comerica Bank, account number 1852636198, in the name of Borrower or Borrower’s designee into which Loan proceeds and other amounts will be deposited when eligible for disbursement.