Examples of Deposit Account in a sentence
SVB may debit any of Borrower’s deposit accounts maintained with SVB, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes SVB when due under the Loan Documents.
The Lender making available any Loan shall disburse the proceeds of such Loan by wire transfer to Borrower at the account specified in the Funding Certificate for such Loan (or, in the case of SVB, the Designated Deposit Account).
The Landlord acknowledges receipt of the Deposit from the Tenant and must pay it into the Deposit Account.
Following the repayment of the whole of the Deposit Balance, the Landlord must close the Deposit Account.
The Tenant must pay to the Landlord on demand such further sums as may be required to ensure that the Deposit Balance is at all times equal to the Minimum Balance, including following any increase in the Minimum Balance after a review of the yearly rent.10 The Landlord must pay any sums received from the Tenant under clause 5.4 into the Deposit Account and they will form part of the Deposit Balance.