Loan Management Account definition

Loan Management Account is Borrower’s deposit account, account number , maintained with ▇▇▇▇▇ Fargo Bank, N.A.
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Loan Management Account is The Company’s deposit account, account number 4121713937 maintained with ▇▇▇▇▇ Fargo Bank, N.A., which deposit account will hold payments made on Financed Consumer Notes; provided further, that such deposit account shall not at any time contain any funds payable directly to Gold Hill or SVB or any payments on any assets of the Company in which Gold Hill and/or SVB have a first-priority security interest.
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Examples of Loan Management Account in a sentence

  • All consumer accounts for the Borrower’s lending platform account shall be managed through the Loan Management Account which shall be free of any Liens, security interests and encumbrances other than Permitted Liens.

  • The provisions of the previous sentence shall not apply to (i) deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Administrative Agent by Borrower as such or (ii) the Loan Management Account.

  • Upon receipt by Borrower of any such payments and amounts, Borrower shall immediately (a) deposit such payments and amounts into the Loan Management Account, and (b) deliver to Administrative Agent a detailed breakdown of such payments and amounts showing the interests of each lender in such payments and amounts.

  • Fee Schedule to Loan Management Account®‌‌ The Schedule of Fees is subject to change in accordance with the terms of the Loan Management Account Agreement (“Agreement”).

  • If a Fixed Rate Advance or Term Advance is repaid prior to the conclusion of its Fixed Rate Period or Term Period, whether voluntarily, as a prepayment, or involuntarily as the result of Bank’s exercise of any remedy under this Agreement, Borrower will pay Bank a Breakage Fee as stated in the Fee Schedule to ▇▇▇▇▇▇▇ ▇▇▇▇▇ Loan Management Account Agreement (“Fee Schedule”) at the time of such repayment.

  • If Pledgor has opted for the overdraft payment feature under the LMA Agreement, the Pledgor and Custodian agree that the terms of Pledgor’s account agreement and/or advisory agreement with Custodian are hereby amended such that an overdraft in the Account shall not be deemed to be a default under the Pledgor’s Account agreement with Custodian if the amount of the overdraft is fully paid by means of an Advance from the MLBUSA Loan Management Account secured by the Account.

  • Upon receipt by the Company of any such payments and amounts, the Company shall immediately deposit such payments and amounts into the Loan Management Account.

  • Name of Borrower: Combimatrix Corporation LMA Account No.: 68Q-07053 Form LMAMISC Rider to ▇▇▇▇▇▇▇ ▇▇▇▇▇ Loan Management AccountSM Agreement This Rider (this “Agreement”) is made by and between Combimatrix Corporation (the “Borrower”) and ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA (the “Bank”) as an inducement to the Bank to make a loan to the Borrower, under the Bank’s Loan Management Account Agreement (the “LMA® Agreement”).

  • If a Fixed Rage Advance or Term Advance is repaid prior to the conclusion of its Fixed Rate Period or under this Agreement, Borrower will pay Bank a Breakage Fee as stated in the Fee Schedule to ▇▇▇▇▇▇▇ ▇▇▇▇▇ Loan Management Account Agreement (“Fee Schedule”) at the time of such repayment.

Related to Loan Management Account

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

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

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

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Cash Management Account has the meaning set forth in Section 2.7(a).