Applicable Account definition
Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.
Applicable Account means a Deposit Account (other than an Excluded Account), a Securities Account or a Commodity Account.
Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type. “Applicable Creditor” has the meaning assigned to such term in Section 9.14(b). “Applicable LC Fronting Sublimit” means (a) with respect to each Issuing Bank on the Effective Date, the amount set forth opposite such Issuing Bank’s name on Schedule 2.05 and (b) with respect to any other Person that becomes an Issuing Bank pursuant to Section 2.05(k) or 9.04(i), such amount as agreed to in writing by the Borrower and such Person at the time such Person becomes an Issuing Bank, as each of the foregoing amounts may be decreased or increased from time to time with the written consent of the Borrower and the Issuing Banks so long as the aggregate Applicable LC Fronting Sublimit of all Issuing Banks does not exceed the Letter of Credit Sublimit (provided that any increase in the Applicable LC Fronting Sublimit with respect to any Issuing Bank shall require the consent of only the Borrower and such Issuing Bank). “Applicable Percentage” means, at any time with respect to any Revolving Lender, the percentage of the aggregate Revolving Commitments (carried out to the ninth decimal place) represented by such Lender’s Revolving Commitment at such time (or, if the Revolving Commitments have terminated or expired, such Lender’s share of the aggregate Revolving Exposures of all Revolving Lenders at that time). If the Revolving Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Revolving Commitments most recently in effect, giving effect to any assignments pursuant to this Agreement and to any Lender’s status as a Defaulting Lender at the time of determination. “Applicable Premium” means with respect to any 2020 Incremental Term Loan on any Prepayment Date, the greater of: (1) 2.00%; and
Examples of Applicable Account in a sentence
In furtherance of the foregoing, Seller shall cause Servicer to remit to the Applicable Account all Income received in respect of the Purchased Assets related to non-REO Properties within two (2) Business Days of receipt.
If, on any Remittance Date, the amounts deposited in the Applicable Account shall be insufficient to make the payments required under (i) and (ii) above of this Section 5(b), and Seller does not otherwise make such payments on such Remittance Date, the same shall constitute an Event of Default hereunder.
Seller shall cause all Income with respect to the Purchased Assets related to non-REO Properties to be deposited in the Applicable Account.
More Definitions of Applicable Account
Applicable Account means a Deposit Account, a Securities Account or a Commodity Account (each as defined in the UCC), but excluding any Deposit Account that is an Excluded Account.
Applicable Account means, with respect to any payment to be made to the First Lien Administrative Agent hereunder, the account specified by the First Lien Administrative Agent from time to time for the purpose of receiving payments of such type.
Applicable Account means (i) with respect to the CTY Shares, the UK Accounts, (ii) with respect to the FCR Shares, the Canadian Account and (iii) with respect to the Regency Shares or any other Collateral, the relevant US Account.
Applicable Account means (i) with respect to amounts owing and payable to the Conduit Lender under the Program Documents, the special account (account number 2158-13, ABA No. 026-002532, Reference: Highland Strategic Capital Fund) of the Conduit Lender maintained at BNS or to such other account as the Agent shall designate in writing to the Borrower, and (ii) with respect to all other amounts owing and payable to any other Secured Party, any Affected Person or any Indemnified Party under the Program Documents, the Agent’s Account.
Applicable Account means with respect to any payment to be made to the Term Administrative Agent hereunder the account specified by the Term Administrative Agent from time to time for the purpose of receiving payments of such type. “Applicable Discount” has the meaning assigned to such term in Section 2.11(a)(ii)(C)(2). “Applicable Rate” means, for any day, (a) 1.000.75% per annum, in the case of an ABR Loan, or (ii) 2.001.75% per annum, in the case of a SOFR Loan. “Approved Foreign Bank” has the meaning assigned to such term in the definition of “Permitted Investments.” “Approved Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or investing in commercial loans and similar extensions of credit in the
Applicable Account means with respect to any payment to be made to the Term Administrative Agent hereunder the account specified by the Term Administrative Agent from time to time for the purpose of receiving payments of such type. “Applicable Discount” has the meaning assigned to such term in Section 2.11(a)(ii)(C)(2). “Applicable Rate” means, for any day, (a) 1.000.75% per annum, in the case of an ABR Loan, or (ii) 2.001.75% per annum, in the case of a SOFR Loan. “Approved Foreign Bank” has the meaning assigned to such term in the definition of “Permitted Investments.” “Approved Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or investing in commercial loans and similar extensions of credit in the ordinary course of its activities and that is administered advised or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers advises or manages a Lender. “Arrangers” means each of RBC Capital Markets, BofA Securities, Inc. and ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA and any permitted successors and assigns thereof, in their respective capacities as joint lead arrangers
Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type. “Applicable Discount” has the meaning assigned to such term in Section 2.11(a)(ii)(C)(2). “Applicable Fronting Exposure” means, with respect to any Person that is an Issuing Bank at any time, the sum of (a) the aggregate amount of all Letters of Credit issued by such Person in its capacity as an Issuing Bank (if applicable) that remains available for drawing at such time and (b) the aggregate amount of all LC Disbursements made by such Person in its capacity as an Issuing Bank (if applicable) that have not yet been reimbursed by or on behalf of the Borrower at such time. “Applicable Percentage” means, at any time with respect to any Revolving Lender, the percentage of the aggregate Revolving Commitments represented by such ▇▇▇▇▇▇’s Revolving Commitment at such time (or, if the Revolving Commitments have terminated or expired, such ▇▇▇▇▇▇’s