Examples of Secondary Account in a sentence
Borrower shall have the ability to direct monies out of the Pledged Deposit Account into the Secondary Account at any time and further direct money from the Secondary Account at any time, provided, however, during the continuance of any Event of Default, funds deposited in the Pledged Deposit Account may be distributed only with the consent of Bank.
None of the amounts set forth in Section 3.4 shall be deposited into any deposit account or securities account other than the Pledged Deposit Account prior to being deposited into any Secondary Account, the ESS Distribution Account or any other deposit or securities account.
Any and all amounts of the Excess Servicing Spreads or other amounts payable to or for the benefit of any ESS Investor pursuant to any ESS Acquisition Agreement shall be deposited into the Pledged Deposit Account prior to being deposited into the Secondary Account or any ESS Distribution Account.