Obligor Accounts definition

Obligor Accounts means the Operating Accounts, the Insurance Proceeds Accounts, any Disposal Proceeds Account, any Borrower Hedge Collateral Accounts, any Debt Collateralisation Account and "Obligor Account" means any of them.
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Obligor Accounts has the meaning assigned to such term in Section 10.14 hereof.
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Obligor Accounts means loan accounts originated by the Seller and which are identified on the Seller’s computer file as associated with Obligors, and “Obligor Account” means any of them.
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Examples of Obligor Accounts in a sentence

  • Authorised Investments The Common Terms Agreement allows the Group to invest in Authorised Investments such part of the amounts standing to the credit of any of the Obligor Accounts as is prudent and in accordance with certain provisions set out in the Common Terms Agreement.

  • Following the delivery of a Loan Enforcement Notice, all monies standing to the credit of all Obligor Accounts shall only be withdrawn with the prior written consent of the Borrower Security Trustee or a Receiver.

  • Prior to the receipt by a Bank of a written notice of an Event of Default from the Agent, the Obligors are entitled to make withdrawals from the Obligor Accounts and make deposits into all the Obligor Accounts.

  • Unless a Bank has entered into a control agreement with the Agent with respect to the Obligor Accounts (in which event such control agreement shall take precedent over the provisions of this Section 10.14 with respect to the Obligor Accounts covered thereby), each Bank agrees to hold its Obligor Accounts as bailee for the Agent to perfect the Agent’s Liens therein.

  • The Borrower and the Propcos may not withdraw any monies from the Obligor Accounts otherwise than in accordance with the provisions of the Issuer/Borrower Loan Agreement, the Intra-Group Loan Agreement, the Intercreditor Agreement, the Account Bank Agreement, the Deed of Charge and the Cash Management Agreement.

  • The Cash Manager will, acting as agent of the Issuer, the Borrower and the Propcos arrange for payments to be made to and from the Obligor Accounts and the Issuer Accounts in accordance with the Transaction Documents and invest monies standing to the credit from time to time of the Obligor Accounts and the Issuer Transaction Account in Eligible Investments.

  • Eligible Investments Pursuant to the Cash Management Agreement, amounts held in the Issuer Transaction Account and the Obligor Accounts may be invested from time to time in Eligible Investments at the direction of the Cash Manager.

  • In furtherance of the forgoing, each Bank acknowledges that certain of the Obligors may maintain deposit accounts at one or more of the Banks (all such accounts, herein the "Obligor Accounts").

  • In order to accommodate a student’s request to transfer from one curriculum to another offered at our institution, a policy is in place to ensure fair and consistent consideration.

  • Prior to the receipt by a Bank of a written notice of an Event of Default (or that the Required Banks has demanded payment of and Cash Collateral (if applicable) for any Loan Obligations) from the Agent, the Obligors are entitled to make withdrawals from the Obligor Accounts and make deposits into all the Obligor Accounts.


More Definitions of Obligor Accounts

Obligor Accounts means all deposit accounts, securities accounts, and commodity accounts now owned or hereafter acquired by each Obligor, including, without limitation, all of those listed on Schedule 4.
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Related to Obligor Accounts

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Collection Accounts As defined in Section 3.10(a).

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

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

  • 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);

  • 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.

  • Locked Box Accounts means the unaudited accounts of the Group, consisting of a balance sheet as at the Locked Box Date in the Agreed Form;

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Accounts means all presently existing and hereafter arising accounts, contract rights, and all other forms of obligations owing to Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by Borrower, whether or not earned by performance, and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower and Borrower's Books relating to any of the foregoing.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

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

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Separate Accounts means the accounts which are to be prepared for each

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Eligible Accounts Receivable means, at any time, the invoice value of Canadian Dollar and U.S. Dollar Accounts Receivable (net of all goods and services Taxes, harmonized sales Taxes and other sales Taxes and net of any credit balance, returns, trade discounts, unapplied cash, unbilled amount or retention or finance charges) owing to the Restricted Parties (or any of them) arising under any sales of Inventory from the operation of the business of the Restricted Parties made by the Restricted Parties to any Person in the ordinary course of business, which invoice value shall be periodically reported to the Lender in the form of Schedule “B” to be delivered (i) at the time of each Drawdown during the Covenant Holiday Period, if at the time of such Drawdown there is no principal amount outstanding under any Prime Rate Loans, Base Rate Loans, CDOR Loans, and there are no outstanding Bankers’ Acceptances or Letters of Credit (other than Letters of Credit issued under the Credit Facility that are fully secured with cash collateral provided by a Restricted Party to the Lender), and (ii) within fifteen days after the end of each calendar month during the Covenant Holiday Period, if during such month any Prime Rate Loans, Base Rate Loans, CDOR Loans, Bankers’ Acceptances or Letters of Credit (other than Letters of Credit issued under the Credit Facility that are fully secured with cash collateral provided by a Restricted Party to the Lender) are outstanding; provided that no Account Receivable shall be deemed an Eligible Account Receivable unless each of the following statements is accurate and complete (and by including such Account Receivable in any calculation of the Borrowing Base, the Borrower shall be deemed to represent and warrant to the Lender the accuracy and completeness of such statements):

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Eligible Accounts means Accounts which arise in the ordinary course of Borrower’s business that meet all Borrower’s representations and warranties in Section 5.3. Bank reserves the right at any time after the Effective Date to adjust any of the criteria set forth below and to establish new criteria in its good faith business judgment. Unless Bank otherwise agrees in writing, Eligible Accounts shall not include:

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • 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.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.