Disbursement Account definition

Disbursement Account has the meaning ascribed to it in Section 1.1(e).
Disbursement Account means the account established by Buyer pursuant to which funds shall be disbursed to fund any Wet Loan.
Disbursement Account has the meaning assigned to such term in Section 2.4(a).

Examples of Disbursement Account in a sentence

  • Upon satisfaction of the applicable conditions set forth in Article V, the Lender will make available the proceeds of its Loan to the Borrower by crediting the Disbursement Account.

  • The proceeds of each Swingline Loan made in accordance with this Agreement shall be credited by the Swingline Lender to the Loan Disbursement Account.


More Definitions of Disbursement Account

Disbursement Account shall have the meaning provided in Section 9.15(a).
Disbursement Account shall have the meaning assigned to it in Annex C.
Disbursement Account means the deposit account in the name of the Borrower maintained at a bank in the United States designated by the Borrower to the Agent into which there shall be deposited proceeds of Loans and funds disbursed to the Borrower by the Agent.
Disbursement Account means account number 8800828975 maintained at SunTrust Bank, or as otherwise designated to the Administrative Agent by the Administrative Borrower.
Disbursement Account shall have the meaning ascribed to such term in the Custodial Agreement.
Disbursement Account means the operating account of the Funds Administrator maintained with the Disbursement Account Bank.