Dedicated Accounts Sample Clauses

Dedicated Accounts. Borrower or any other Person shall have withdrawn any amounts on deposit in the Dedicated Accounts without the consent of Lender other than funds that do not constitute collections or recoveries of Receivables and funds deposited or withdrawn in error;
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Dedicated Accounts. All funds received on account of the Participation Certificates shall be deposited in the applicable Dedicated Account. Upon the Termination Date and the payment of all amounts due by Borrower hereunder, an amount equal to the amount on deposit in the Dedicated Accounts on account of the Participation Certificates shall be remitted by Lender to Borrower.
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Dedicated Accounts. Except as permitted under Section 6.13(b), the Repo Seller or any other Person shall have withdrawn any amounts on deposit in the Dedicated Accounts without the consent of the Administrative Agent other than funds deposited or withdrawn in error.
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Dedicated Accounts. Buyer shall establish and maintain each of the Dedicated Accounts in the form of a time deposit or demand account. Receivables funds received and retained by Seller pursuant to the applicable Servicing Contract shall promptly, in any event within two (2) Business Days after receipt, be deposited in the Receivables Dedicated Account. Amounts received on account of Servicing Rights and Portfolio Excess Spread (including Repledge Portfolio Excess Spread) and retained by Seller pursuant to the applicable Servicing Contract or Participation Agreement, as the case may be, shall promptly, in any event within two (2) Business Days after receipt, be deposited in the applicable Servicing Rights Dedicated Account. Funds deposited in the Dedicated Accounts (including any interest paid on such funds) may be distributed only in accordance with Section 2.07. Upon the Termination Date and the payment of all amounts due by Seller hereunder, all amounts on deposit in the Dedicated Accounts shall be remitted to Seller. Buyer, in its capacity as buyer under the Mortgage Loan Repurchase Agreement, has established the Xxxxxx Xxx Account under the Mortgage Loan Repurchase Agreement, and certain amounts on deposit therein shall constitute proceeds of the Xxxxxx Mae Advances. Buyer hereby appoints and authorizes Agent to act as agent solely with respect to performance of the following duties, in each case, on behalf of Buyer: (i) maintaining the Xxxxxx Xxx Account, and (ii) taking such actions as Agent deems appropriate to administer the Xxxxxx Mae Account. The Agent shall have no duties or responsibilities except those expressly set forth in this Section 2.14.
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Dedicated Accounts. Section 2.14 of the Existing Loan Agreement is hereby amended by adding the following at the end thereof: Lender, in its capacity as buyer under the Repurchase Agreement, has established the Xxxxxx Mae Account under the Repurchase Agreement, and certain amounts on deposit therein shall constitute proceeds of the Xxxxxx Xxx 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 Mae Account, and (ii) taking such actions as Agent deems appropriate to administer the Xxxxxx Xxx Account. The Agent shall have no duties or responsibilities except those expressly set forth in this Section 2.14.
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Dedicated Accounts. Section 2.14 of the Existing Loan Agreement is hereby amended by deleting such Section in its entirety and replacing it with the following:
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Dedicated Accounts. Lender shall establish and maintain each of the Dedicated Accounts in the form of a time deposit or demand account. Receivables funds received and retained by Borrower pursuant to the applicable Servicing Contract shall promptly, in any event within two (2) Business Days after receipt, be deposited in the Receivables Dedicated Account. Amounts received on account of Servicing Rights and retained by Borrower pursuant to the applicable Servicing Contract shall promptly, in any event within two (2) Business Days after receipt, be deposited in the applicable Servicing Rights Dedicated Account; provided that, prior to the occurrence of an Event of Default or Trigger Event, as applicable, (i) any amounts received by Borrower on account of the Portfolio Excess Spread and the related Servicing Rights shall be remitted by Borrower to Spread Buyer, and (ii) any amounts on account of the Portfolio Excess Spread and the related Servicing Rights to be remitted back to Borrower pursuant to the Master Spread Acquisition Agreement shall be remitted directly to the Dedicated Account; provided further that after the occurrence of an Event of Default or Trigger Event, as applicable, all amounts, including any amounts received on account of the Portfolio Excess Spread and the related Servicing Rights, shall be deposited in the applicable Servicing Rights Dedicated Account. For the avoidance of doubt, prior to an Event of Default or Trigger Event, as applicable, any amounts received by Borrower on account of the Portfolio Excess Spread and the related Servicing Rights shall be remitted to Spread Buyer, and if such amounts are remitted back to Borrower pursuant to the Master Spread Acquisition Agreement, such amounts shall be remitted directly to the Dedicated Account. Funds deposited in the Dedicated Accounts (including any interest paid on such funds) may be distributed only in accordance with Section 2.07. Upon the Termination Date and the payment of all amounts due by Borrower hereunder, all amounts on deposit in the Dedicated Accounts shall be remitted to Borrower.
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Dedicated Accounts. Lender shall establish and maintain each of the Dedicated Accounts in the form of a time deposit or demand account. Receivables funds received and retained by Borrower pursuant to the applicable Servicing Contract shall promptly, in any event within two (2) Business Days after receipt, be deposited in the Receivables Dedicated Account. Amounts received on account of Servicing Rights and retained by Borrower pursuant to the applicable Servicing Contract shall promptly, in any event within two (2) Business Days after receipt, be deposited in the applicable Servicing Rights Dedicated Account. Funds deposited in the Dedicated Accounts (including any interest paid on such funds) may be distributed only in accordance with Section 2.07. Upon the Termination Date and the payment of all amounts due by Borrower hereunder, all amounts on deposit in the Dedicated Accounts shall be remitted to Borrower.
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Related to Dedicated Accounts

  • Project Accounts The Grantee agrees to establish and maintain for the Project either a separate set of accounts or accounts within the framework of an established accounting system, in a manner consistent with 49 C.F.R. § 18.20, or 49 C.F.R. § 19.21, as amended, whichever is applicable.

  • Lockbox Accounts The names and addresses of all the Lockbox Banks, together with the account numbers of the Lockbox Accounts of the Seller at each Lockbox Bank and the post office box numbers of the lockboxes, are listed on Schedule 6.1(o) (or have been notified to and approved by the Agents in accordance with Section 7.3(d)) and are the only post office boxes and accounts into which Collections of Receivables are deposited or remitted. The Seller has not granted any Person, other than the Administrative Agent for the benefit of the Secured Parties as contemplated by this Agreement, control of any lockbox or Lockbox Account, or the right to take control of any such lockbox or Lockbox Account at a future time.

  • Segregated Accounts Upon receipt of Proper Instructions, the Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Fund, into which account or accounts may be transferred cash and/or Securities, including Securities maintained in a Depository Account:

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • Operating Accounts (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent.

  • Business Accounts If you are a business, any authorized user of your business is authorized on such terms, conditions, and agreements as we may require to: • enter into this Agreement, as amended from time to time; • access each account of yours in any manner and for any purpose available through the Service, whether now available or available at some time in the future; and • use any Online banking service in any manner and for any purpose available through the Service, whether now available or available at some time in the future.

  • User Accounts End User shall ensure that only Authorized Users can access the Services. User accounts may not be shared among individuals or used to provide access to the Services to individuals who are not the individual associated with the corresponding user account.

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

  • Lock-Box Accounts The names and addresses of all of the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks, are specified in Schedule 6.1(n).

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