Examples of Xxxxxx Xxx Account in a sentence
On each Remittance Date, the Issuer will pay to Xxxxxx Mae, by deposit into the Xxxxxx Xxx Account, an amount equal to the Return Amount for such Remittance Date.
On each Remittance Date, the Issuer will pay to Xxxxxx Xxx, by deposit into the Xxxxxx Xxx Account, an amount equal to the Return Amount for such Remittance Date.
Except as contemplated herein, neither Borrower nor Guarantor shall (a) pledge, transfer or convey any security interest in the Dedicated Account or the Xxxxxx Xxx Account to any Person without the express written consent of Lender or (b) pledge, grant a security interest or assign any existing or future rights to service any of the Collateral or to be compensated for servicing any of the Collateral, or pledge or grant to any other Person any security interest in any Assets or Servicing Contracts.
This lane can be driven through at a speed of up to 30 km/h and the OBU will automatically be recognized when you drive up to the toll lane if the OBU is properly positioned in the vehicle.
Borrower shall not withdraw or direct the ‑8‑ withdrawal or remittance of any amounts on account of any Receivables or Servicing Rights income related to any Servicing Contract from any custodial account into which such amounts have been deposited other than to remit to each of the applicable Dedicated Accounts or, solely with respect to Xxxxxx Mae Advances on deposit in the Xxxxxx Xxx Account, as provided in the Securities Account Control Agreement.
Lender, in its capacity as buyer under the Repurchase Agreement, has established the Xxxxxx Xxx Account under the Repurchase Agreement, and certain amounts on deposit therein shall constitute proceeds of the Xxxxxx Mae Advances.
Lender hereby appoints and authorizes Agent to act as agent solely with respect to performance of the following duties, in each case, on behalf of Lender: (i) maintaining the Xxxxxx Xxx Account, and (ii) taking such actions as Agent deems appropriate to administer the Xxxxxx Mae Account.