Account Designation definition

Account Designation means the designation as specified in the Settlement Instructions of an Existing Account, Designated Account or Local Account into which a Claimant instructs deliveries under its Entitlement to be credited;
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Account Designation shall have the meaning set forth in Section 2.2 hereof.
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Account Designation. Saxon Asset Securities Trust 2006-3 Mortgage Loan Asset Backed Notes, Series 2006-3.
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Examples of Account Designation in a sentence

  • Receipt by the Administrative Agent of an executed counterpart of the Account Designation Letter.

  • The Borrower may at any time deliver to the Administrative Agent an Account Designation Letter listing any additional accounts or deleting any accounts listed in a previous Account Designation Letter.

  • The Administrative Agent shall have received the executed Account Designation Notice in the form of Exhibit 1.1(a) hereto.

  • The Administrative Agent shall have received the executed Account Designation Letter in the form of Schedule 1.1(a) hereto.

  • If the Account Designation shows a payable- on-death status, any Beneficiary has rights to the Account: (a) if the Beneficiary is a natural person, only if the Beneficiary is alive and only if You and any joint Owners are deceased; (b) if the Beneficiary is a charity or other non-profit organization, only if the charity or non-profit organization is in operation as a validly constituted, registered and/or licensed entity under applicable state law, and You and any joint Owners are deceased.

  • This authorization shall remain in effect until revoked or until a subsequent Notice of Account Designation is provided to the Administrative Agent.

  • If the Account Designation shows a payable-on-death status, any Beneficiary has rights to the Account: (a) if the Beneficiary is a natural person, only if the Beneficiary is alive and only if the Settlor is deceased; (b) if the Beneficiary is a charity or other non-profit organization, only if the charity or non-profit organization is in operation as a validly constituted, registered and/or licensed entity under applicable state law, and only if the Settlor is deceased.

  • The Administrative Agent shall have received a Notice of Account Designation specifying the account or accounts to which the proceeds of any Loans made on or after the Closing Date are to be disbursed.

  • The Borrower may at any time deliver to the Agent an Account Designation Letter listing any additional accounts or deleting any accounts listed in a previous Account Designation Letter.

  • The Administrative Agent shall have received the executed Account Designation Letter in the form of Schedule 1.1-1 hereto.


More Definitions of Account Designation

Account Designation. W▇▇▇▇ Fargo Bank, N.A. (M▇▇▇▇▇, VA) ABA #: 1▇▇-▇▇▇-▇▇▇ Account Name: MidCap Funding IV Trust – Collections Account #: 2000036282803 Attention: Xtant Facility
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Account Designation. When you sign up for bill pay, you will need to designate an account at the Credit Union as your bill payment account. You authorize us to process bill payments from your designated account. You may use bill pay to initiate two different types of payment transactions:
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