Borrower Account definition

Borrower Account has the meaning specified in Section 2.11(a)(ii).

Borrower Account any account established by or for the Borrower, other than the Series 2002-1 Collection Subaccount (or any sub-subaccount thereof), for the purpose of depositing funds borrowed hereunder or under any Pari Passu Indebtedness, any amounts paid pursuant to the Series 2002-1 VFC and all amounts received with respect to Hedge Agreements.

Borrower Account. As defined in Section 3.07(a).

Examples of Borrower Account in a sentence

Account to Which Loan Will Be Disbursed on Behalf of Borrower Account Holder Bank Name: Educational Institute Bank 15.
Borrower hereby authorizes Agent (A) to deduct automatically all principal, interest or fees when due hereunder or under any Note from Borrower Account, and (B) if and to the extent any payment of principal, interest or fees under this Agreement or any Note is not made when due to deduct any such amount from any or all of the accounts of Borrower maintained at Agent.
The taxpayer identification number associated with each Borrower Account shall be that of the Borrower and the Borrower shall report for Federal, state and local income tax purposes, the income, if any, represented by each Borrower Account.
The Borrower shall not maintain any bank accounts other than the Accounts, the Policy Account and the Borrower Account.
The Primary Servicer may invest funds in the Primary Servicer Collection Account and/or any Borrower Account maintained by it on the same terms as the Master Servicer may invest funds in the Collection Account and/or a Borrower Account, and subject to the same rights, restrictions and obligations regarding maturity dates, gains, losses, withdrawals, possession and control of Permitted Investments and Permitted Investments payable on demand.

Borrower Account means the account of the Borrower identified as such on Schedule 9.5, or such other account as the Borrower may hereafter designate by notice to the Agent, with the prior consent of the Agent (such consent not to be withheld, conditioned or delayed so long as the designation of such account would not prevent the Agent from satisfying its obligations hereunder in a timely manner).

Borrower Account shall have the meaning set forth in Section 2.2(b) hereof.

Borrower Account means the savings account maintained by the Borrower with the Lender for crediting and debiting funds in relation to the Loan.

Borrower Account has the meaning set forth in Section 5.1(d) of the Loan Agreement.

Borrower Account means the “Borrower Account” set forth on Schedule 4.01(q) to the Funding Agreement, maintained by the Borrower at the Borrower Account Bank, which account shall be subject to a Borrower Account Agreement.

Borrower Account means the principal operating account of Borrower with the Agent or any other account of Borrower with the Agent which is designated as Borrower's "Borrower Account" in writing by the Borrower to the Agent.