Designated Deposit Account definition

Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.
Designated Deposit Account means a deposit account to be maintained by Borrower with Xxxxx Fargo or one of its Affiliates, as from time to time designated by Borrower by written notification to the Administrative Agent.
Designated Deposit Account is the multicurrency account denominated in Dollars, account number , maintained by Borrower with Bank.

Examples of Designated Deposit Account in a sentence

  • Bank shall credit proceeds of any Term Loan to the Designated Deposit Account.

  • Bank shall pay any surplus to the Loan Parties by credit to the Designated Deposit Account or to other Persons legally entitled thereto; the Loan Parties shall remain liable to Bank for any deficiency.

  • Bank shall pay any surplus to Borrower by credit to the Designated Deposit Account or to other Persons legally entitled thereto; Borrower shall remain liable to Bank for any deficiency.

  • Bank shall credit proceeds of a Credit Extension to the Designated Deposit Account.

  • The proceeds of the first advance of Term Loan shall be disbursed as follows: Term Loan $ 2,000,000.00 Less: Administrative Agent Fee to be remitted to Agile Capital Funding, LLC $ (100,000.00 ) TOTAL TERM LOAN NET PROCEEDS TO BORROWER $ 1,900,000.00 The aggregate net proceeds of the Term Loan shall be transferred to the Designated Deposit Account as follows: BORROWER: BIOFRONTERA INC.


More Definitions of Designated Deposit Account

Designated Deposit Account is the account number ending [________________________] (last three digits) maintained by Borrower with Bank (provided, however, if no such account number is included, then the Designated Deposit Account shall be any deposit account of Borrower maintained with Bank as chosen by Bank).
Designated Deposit Account is Borrower’s deposit account, account number 0000000000, maintained with Silicon Valley Bank.
Designated Deposit Account is the deposit account established by Borrower with Bank for purposes of receiving Credit Extensions.
Designated Deposit Account is Borrower’s deposit account, account number 3300624374, maintained with Bank.
Designated Deposit Account is Borrower’s deposit account, account number 3300320254, maintained with SVB.
Designated Deposit Account means a demand deposit account maintained by Borrower with FUNB designated by written notice from Borrower to Agent.
Designated Deposit Account is Holdings’ deposit account, account number 330074XXXX, maintained with Bank.