Funding Account definition

Funding Account has the meaning assigned to such term in Section 4.01(h).

Funding Account has the meaning assigned to such term in Section 2.03(f).

Funding Account has the meaning set forth in Section 2.11(a).

Examples of Funding Account in a sentence

• The Borrower shall cause the Depositary to create the Collection Account, the Funding Account, the Liquidity Reserve Account, the Maintenance Reserve Account and the Modifications and Improvements Account, in each case in accordance with the terms of the Depository Agreement.

• All other amounts held in the Revolver Funding Account will be deemed to represent Principal Proceeds.

• Upon initial purchase or acquisition of any such obligations, funds deposited in the Revolver Funding Account in respect of any Delayed Drawdown Collateral Obligation or Revolving Collateral Obligation will be treated as part of the purchase price therefor.

• Unless the Agent determines that any applicable condition specified in Article IV has not been satisfied or waived, the Agent shall, by 2:30 P.M. on the Funding Date, instruct the Depositary in writing to make the amount of such Borrowing available in a disbursement to the Borrower from the Funding Account at the general deposit account in the United States designated by the Borrower in immediately available funds in a wire transfer.

• Not later than 11:00 A.M. on the applicable Funding Date, each Lender shall make available or instruct (followed by diligent attention to such instruction until such time as the Agent shall have received such Loan) its correspondent bank, if any, to make available its share of such Borrowing, in Federal or other immediately available funds, to the Depositary for deposit into the Funding Account.

More Definitions of Funding Account

Funding Account means the non-interest bearing demand checking account established with, maintained by, and pledged to Lender into which shall be deposited the proceeds of Advances, the proceeds from any sale of Collateral, and from which funds shall be disbursed for the acquisition of Mortgage Loans.

Funding Account means an account created pursuant to section 3(6) for the deposit of funds and payment of retirement health care benefits under the applicable retirement act.

Funding Account is defined in Section 2.5.

Funding Account. The account established and maintained pursuant to Section 4.02.

Funding Account means the deposit account of the Borrower to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

Funding Account means the deposit account of Borrower to which Administrative Agent and each Lender is authorized by Borrower in the relevant Borrowing Notice to transfer the proceeds of any Advance requested pursuant to this Agreement.

Funding Account means the account in which You nominate to fund the Lodgement to the Transfermate Nominated Account.