The Funding Account Sample Clauses

The Funding Account. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Borrower upon, and other disbursements made by the Borrower solely from, the Funding Account.
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The Funding Account. All checks shall be drawn by the Borrower upon, and other disbursements made by the Borrower solely from, the Funding Account.
Sample 1
The Funding Account. Any funds in the Funding Account not transmitted to the Borrower as a Loan pursuant to a Notice of Borrowing shall be retained by the Agent in the Funding Account and shall be invested solely in a money market or similar account of the bank at which the Funding Account is maintained. The Agent shall, promptly after receipt, distribute to each Lender its Proportionate Share of interest on funds in the Funding Account. (g)
Sample 1
The Funding Account. All checks shall be drawn by the Borrower upon, and other disbursements made by the Borrower solely from, the Funding Account or the payroll account, accounts payable account or customer refund account funded from the Funding Account; provided that any amounts remaining in the payroll account, accounts payable account and customer refund account at the end of a day shall be returned to the Funding Account.
Sample 1
The Funding Account. All checks shall be drawn by the Borrowers upon, and other disbursements made by the Borrowers solely from, the Funding Account.
Sample 1
The Funding Account. Neither the Issuer, nor the Eligible Lender Trustee on behalf of the Issuer, shall acquire any Student Loans with proceeds from amounts on deposit in the Funding Account which, as of the date of acquisition of such Student Loans would in the aggregate differ materially in terms of loan type, interest rate and the delinquency rate from the Initial Financed Student Loans.
Sample 1
The Funding Account. All checks shall be drawn by any Borrowers upon and any other disbursements made by any Borrower shall be solely from the Funding Account or any of the disbursement accounts identified on EXHIBIT 7-6 hereto, which accounts shall be funded solely from the Funding Account.
Sample 1
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The Funding Account. Established by the Borrower with Barnett Bank of Florida, N.A.
Sample 1
The Funding Account. A. The Employer (or HPI as directed by and for the benefit of the Employer) shall open and maintain a separate bank account in the Employer’s name (hereinafter referred to as the "Funding Account") to be used solely for the payments of amounts due under the Plan and this Agreement. To the fullest extent permitted by law, funds in the Account shall constitute assets of the Employer and not of the Plan. HPI will notify the Employer on an agreed upon schedule as to amounts required in the Funding Account to fund payments. Charges to be included in calculating the Funding Notice amount shall include, but will not be limited to:
Sample 1

Related to The Funding Account

  • Pre-Funding Account On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 (the “Pre-Funding Account Initial Deposit”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder to or upon the order of the Depositor as payment for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

  • Funding Account The Administrative Agent shall have received a notice setting forth the deposit account of the Borrower (the “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

  • Establishment of Custodial Account; Deposits in Custodial Account The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts (collectively, the “Custodial Account”), titled “PrimeLending, in trust for Redwood Residential Acquisition Corporation as Purchaser of Mortgage Loans and various Mortgagors.” Such Custodial Account shall be an Eligible Account established with a commercial bank, a savings bank or a savings and loan association (which may be a depository affiliate of the Seller) which meets the guidelines set forth by the FHFA, Fxxxxx Mxx or Fxxxxxx Mac as an eligible depository institution for custodial accounts. The Custodial Account shall not be transferred to any other depository institution without the Purchaser’s approval, which shall not unreasonably be withheld. In any case, the Custodial Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by the Seller. The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before the related Cut-off Date):

  • Disbursement from the Bank Account 4.1 Subject to 4.3 below, if by the close of regular banking hours on the Termination Date the Escrow Agent determines that the amount in the Fund is less than the Minimum Dollar Amount or the Minimum Securities Amount, as indicated by the Subscription Information submitted to the Escrow Agent, then in either such case, the Escrow Agent shall promptly refund to each prospective purchaser the amount of payment received from such purchaser which is then held in the Fund or which thereafter clears the banking system, without interest thereon or deduction therefrom, by drawing checks on the Bank Account for the amounts of such payments and transmitting them to the purchasers. In such event, the Escrow Agent shall promptly notify the Issuer of its distribution of the Fund.

  • Withdrawals From the Custodial Account The Servicer shall, from time to time, withdraw funds from the Custodial Account for the following purposes:

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