Designated Account definition

Designated Account means the Deposit Account of Administrative Borrower identified on Schedule D-1.

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Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

Designated Account has the meaning specified in Section 1.2(c).

Examples of Designated Account in a sentence

Upon the payment in full of the Notes under the Indenture, as directed in writing by the Servicer, the Relevant Trustee will deposit into the Designated Account for distribution to the Certificateholders any amounts remaining on deposit in the Reserve Account and all rights to the Reserve Account and all other collateral registered or held therein shall vest in the Certificateholders.
Upon the release from the Lien of the Indenture of amounts on deposit in the Collection Account or any other portion of the Trust Estate, the Certificate Paying Agent will cause such property to be properly deposited into the Designated Account pursuant to Section 5.01(a) or distributed to the Certificateholders in accordance with the provisions of this Agreement, as the case may be.

More Definitions of Designated Account

Designated Account means Deposit Account number 210221832 of Borrowers maintained with Lender, or such other deposit account of Borrowers (located within the United States and approved by Lender in Lender’s reasonable discretion) designated, in writing, and from time to time, by Administrative Borrower to Lender.

Designated Account means (a) so long as the Administrator or one of its Affiliates is the sole Certificateholder, the account designated by such Certificateholder (which need not be under the control of the Paying Agent) and (b) at any time thereafter, the Certificate Distribution Account.

Designated Account means the Account designated by you (and which designation we have approved) for the time being for the purpose of carrying out Card Transactions.

Designated Account means, in respect of any Advance, the account or accounts maintained by the Borrower at a branch of the Agent in Canada that the Borrower designates in its notice requesting an Advance.

Designated Account means that certain DDA of Borrower identified on Schedule D-1.

Designated Account means, with respect to transactions in U.S. dollars for the Borrower, the account of the Borrower maintained by the Administrative Agent at the Branch of Account for the purposes of transactions in such currency under this agreement.

Designated Account has the meaning specified in Section 2.4(b).