Clearing Account Bank means any Eligible Institution approved or appointed by Mortgage Lender acting as clearing account bank under the Clearing Account Agreement.
Clearing Account Bank means the financial institution at which each of the Clearing Account, the Lockbox and the Unidentified Receipts Account is maintained. On the Closing Date, the Clearing Account Bank is Bank of America, N.A.
Clearing Account Bank means [Bank of America, N.A.], in such capacity or, in the event of a replacement account, the financial institution at which such account is established.
Examples of Clearing Account Bank in a sentence
Borrower each acknowledges and agrees that the Accounts are subject to the sole dominion, control and discretion of Lender, its authorized agents or designees, including Clearing Account Bank and Cash Management Bank, subject to the terms hereof; and Borrower shall have no right of withdrawal with respect to any Account except with the prior written consent of Lender or as otherwise provided in the Loan Documents.
More Definitions of Clearing Account Bank
Clearing Account Bank means Wxxxx Fargo Bank, N.A., or such successor bank selected by Borrower provided such replacement bank shall be an Eligible Institution approved by Lender that, prior to succeeding as a Clearing Account Bank, enters into, with the related Manager or Managers, the respective Individual Borrowers and Lender, a Clearing Account Agreement approved by Lender, such approval in each case not to be unreasonably withheld, conditioned or delayed.
Clearing Account Bank has the meaning set forth in Section 7.1.
Clearing Account Bank means Deutsche Bank Trust Company Americas, or such successor bank selected by Borrower provided such replacement bank shall be an Eligible Institution approved by Lender that, prior to succeeding as a Clearing Account Bank, enters into, with the related Manager or Managers, the respective Individual Borrowers and Lender, a Clearing Account Agreement approved by Lender, such approval in each case not to be unreasonably withheld, conditioned or delayed.
Clearing Account Bank. Wachovia Bank, N.A., together with its successors and assigns.
Clearing Account Bank means First Interstate Bank of Washington (or an affiliate thereof), and its successors and assigns.
Clearing Account Bank means any financial institution accepted by Lender as the Cash Management Bank, and shall initially mean Signature Bank, a New York state chartered bank insured by the Federal Deposit Insurance Corporation.
Clearing Account Bank. The meaning specified in the Servicing Agreement.