Advance Account. The account established and maintained pursuant to Section 5.04.
Advance Account means the depositary account of the Borrower designated by the Borrower by written notice to the Agent and the Lender.
Examples of Advance Account in a sentence
The Advance Account shall be maintained with any financial institution the Servicer elects.
With respect to the Advance Account, the Issuer shall cause the Servicer to make such withdrawals specified in Section 2.06 of the Sale and Servicing Agreement.
Provided no Event of Default has occurred and is continuing, Borrower shall have access to all funds contained in the Advance Account.
The proceeds of all Loans shall be deposited by Agent to the Advance Account, and all Loans shall accrue interest from the date of deposit in the Advance Account.
Upon the occurrence of an Event of Default, Agent may terminate Borrower’s rights to access or direct the application of funds on deposit in the Advance Account.
More Definitions of Advance Account
Advance Account means a sub-account of the Special Account (as hereinafter defined) referred to in Section 2.02(c) of this Agreement;
Advance Account means Borrower’s non-interest bearing deposit account no. 1852-717493 with Agent, which shall be titled as designated by Agent and to which Agent shall have exclusive access and control. Agent shall disburse Advances into the Advance Account from time to time for the purpose of Borrower funding Drafts furnished to a Closing Agent and wire transfers pursuant to a Wire Request, all subject to the terms and conditions of this Agreement.
Advance Account means, unless another account is specified by the Issuer in the Advance Request, the Principal Reinvestment Account.
Advance Account means the account maintained in Borrower's name on Lender's books.
Advance Account means the bank account operated by Harmoney on behalf of the Trustee into which funds are transferred by Harmoney from the Investor Account when an Order is accepted, and from which Harmoney (as agent for the Trustee) at Settlement transfers funds to the relevant Borrower’s nominated account (and transfers the Platform Fee and any Optional Service Charges payable under clause 64(b) to Harmoney's own account); AIL means the approved issuer levy payable under part 6B of the Stamp and Cheque Duties Xxx 0000; Borrower means a person who has registered as a Borrower with Harmoney;
Advance Account means account no. 1894850674 in the name of Company with Bank, into which advances of the Line of Credit are made, which advances are to be used by Company to originate or purchase Pledged Mortgage Loans in accordance with this Agreement, together with any replacement or successor account thereto.