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

Examples of Loan Disbursement Account in a sentence

• The Loan Disbursement Account shall be in the name of the Borrower and, subject to the other provisions of this Agreement and the other Loan Documents, monies therein shall be disbursed as directed by the Borrower, from time to time.

• Under no circumstances are continuous learning points to be requested for fulfillments.

• To secure the payment and performance of Lender Obligations, the Borrower hereby pledges and assigns, and grants to the Agent for the benefit of the Agent, the L/C Issuer and the Lenders, a lien on and security interest in the Loan Disbursement Account, all funds from time to time deposited or held therein, all interest and other income derived therefrom, and all proceeds of all the foregoing.

• The proceeds of each Swingline Loan made in accordance with this Agreement shall be credited by the Swingline Lender to the Loan Disbursement Account.

• No later than 3:00 P.M. Chicago time on the date of receipt of such notice, each Lender shall make available for the account of its Applicable Lending Office to the Agent at the Agent's address for deposit into the Loan Disbursement Account, its Proportionate Share of such Borrowing in immediately available funds.

More Definitions of Loan Disbursement Account

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

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

Loan Disbursement Account means the account opened by the Borrower with the Agent solely for the purpose of collecting the loan proceeds advanced by the Lenders under this Agreement.

Loan Disbursement Account shall have the meaning ascribed to it in Section 3.01.

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.

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

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