Examples of Disbursement Account Bank in a sentence
The Backup Servicer (including, for the avoidance of doubt, if it is then acting as Successor Servicer), the Collection Account Bank and the Disbursement Account Bank shall be express third party beneficiaries of the provisions of Section 2.10.
The Administrative Agent shall have received copies of each Credit Document executed and delivered by each applicable Credit Party, the Backup Servicer, the Disbursement Account Bank and the Collection Account Bank, as applicable, and the original, executed membership interests of the Borrower representing 100% of all outstanding membership interests of the Borrower, along with executed assignments in blank with respect thereto.
The Administrative Agent shall have received copies of each Credit Document originally executed and delivered by each applicable Credit Party, the Backup Servicer, the Disbursement Account Bank and the Collection Account Bank, as applicable.
Note that both parts of the system substantially affect the behavior and physiology of the other.
Borrower agrees to establish and maintain the Disbursement Account with the Disbursement Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrowers and made by the Lender hereunder.