Control Account Bank definition

Control Account Bank means a commercial bank at which a Control Account is established. A list of all Control Account Banks on the Amendment Effective Date has been provided by the Issuer (or its agent) to the Administrative Agent and the Indenture Trustee.

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Control Account Bank means the commercial bank holding the Control Account.

Control Account Bank means the commercial bank holding a Control Account.

Examples of Control Account Bank in a sentence

The Issuer has established or has caused to be established and shall maintain or cause to be maintained a system of operations, accounts and instructions with respect to the Obligors and a Control Account at the Control Account Bank as described herein.
The Trustee has control over the Control Account and the Control Account Bank is required on each Business Day to transfer all collected and available balances in the Control Account to the Collection Account held by the Trustee.
The account number of the Control Account, together with the names, addresses, ABA numbers and names of contact persons of the Control Account Bank maintaining such Control Account and the related Post Office Boxes, are specified in Exhibit E.
The Issuer has filed or has caused to be filed a standing delivery order with the United States Postal Service authorizing the Control Account Bank to receive mail delivered to the related Post Office Boxes.
Pursuant to the Control Agreement to which it is party, the Control Account Bank shall be irrevocably instructed to initiate an electronic transfer of all funds on deposit in the Control Account derived from Pledged Loans to the Collection Account on the Business Day on which such funds become available.

More Definitions of Control Account Bank

Control Account Bank means KeyBank Real Estate Capital or any replacement financial institution as may be designated by the Administrative Agent from time to time.

Control Account Bank means, with respect to any Control Account, the Eligible Bank at which such Control Account is established.

Control Account Bank as set forth in Section 2 of the Repurchase Agreement, is hereby amended and restated in its entirety to read as follows:

Control Account Bank means U.S Bank National Association.

Control Account Bank means the commercial bank holding a Control Account. On the Closing Date, Bank of America, N.A. is the only Control Account Bank.

Control Account Bank means a financial institution selected or approved by the Collateral Agent and with respect to which a Grantor has entered into a Control Agreement.

Control Account Bank shall have the meanings set forth in the Guarantee and Security Agreement);