Disbursement Account definition
Disbursement Account means an account established and owned by Company and held at the Disbursement Institution against which wire transfers and ACH transfers are settled for payment of Loan Proceeds to Borrowers.
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.
Examples of Disbursement Account in a sentence
On or prior to February 20, 2019, the Liquidity (which amount shall include for the purposes of this calculation, any - 5 - Hedge Margin Payments on deposit in the Disbursement Account or the Hedge Margin Payment Account, as applicable), of Guarantor on any date of determination shall not fall below the product of *% and the Aggregate Repurchase Price as of such date of determination.
Such Seller shall initiate each request by submitting the Purchased Loan Information for each Mortgage Loan and, if applicable, a request that the Purchase Price be remitted to the Disbursement Account (a “Transaction Request”) to Repo Agent for Repo Agent’s review and approval.
More Definitions of Disbursement Account
Disbursement Account has the meaning assigned to such term in Section 2.4(a).
Disbursement Account shall have the meaning provided in Section 9.15(a).
Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.
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 shall have the meaning ascribed to such term in the Custodial Agreement.
Disbursement Account means account number 8800828975 maintained at SunTrust Bank, or as otherwise designated to the Administrative Agent by the Administrative Borrower.