Repayment Account means the bank account to which a debtor is obliged to repay its debt, as recorded in an information utility;
Repayment Account means the deposit account established, owned and controlled by Bank, into which all proceeds from each sale of any Participated Mortgage Loan by Bank and Seller to a Take-Out Purchaser shall be funded and deposited, and such account and all funds deposited or maintained therein shall be disbursed and applied by Bank pursuant to the terms of this Agreement. The account number for the Repayment Account is [***] or such other deposit account number designated by Bank from time to time as the Repayment Account in a written notice delivered by Bank to Seller pursuant to this Agreement.
Repayment Account means the Account by that name created and established by Section 4.1 hereof.
Examples of Repayment Account in a sentence
A pledge over the deposit claims in the Repayment Account in accordance with Article 5-3.
To secure the Secured Liabilities, the Borrower shall establish a first-priority pledge over the deposit claims in the Repayment Account held by the Borrower for the benefit of the Lenders (with a maximum claim amount equal to 120% of the Loan Commitment; provided, however, that if the account-opening institution’s procedures do not permit a maximum claim amount of such value, the maximum claim amount shall be set at the highest permissible amount under the institution’s procedures).
More Definitions of Repayment Account
Repayment Account shall have the meaning assigned to such term in Section 7.1(g).
Repayment Account means the account (if appropriate) detailed on your Application Form into which the monthly or annually (whichever is applicable) capitalised interest will be paid by us in accordance with Condition 3.1.6 and 3.2.6 (as applicable) and into which the Maturity Amount will be paid by us on the Maturity Date unless you advise us otherwise in accordance with Condition 2.1.4 or we do not receive your instructions as described in Condition 2.1.6;
Repayment Account means an account:
Repayment Account refers to the bank account that the borrower applies for and uses this loan service and provides the lender with deduction (including the bank account set up by Party A for Party B Special internal account for repayment), and the repayment account shall be subject to Article 1 of this contract. Before Party B has paid off all the loan principal, interest and expenses under this contract and the quota contract (if any, the expenses include but are not limited to all expenses paid by Party A for realizing the creditor's rights, such as attorney fees, legal fees, arbitration fees, travel expenses, announcement fees, delivery fees, execution fees, transfer fees, entrustment fees of third-party collection agencies, etc.), Party B shall not change or cancel the repayment account.
Repayment Account has the meaning given to such term in Section 3.01(a) hereof.
Repayment Account is to refer to the promissory notes of an individual Student Loan Borrower under the terms of which the repayment period has commenced, and includes Accounts in deferment or forbearance.
Repayment Account has the meaning ascribed to such term in Section 1.1 of the Depositary Agreement.