Disbursement Agent Accounts definition

Disbursement Agent Accounts shall have the meaning assigned to such term in the Disbursement Agreement.
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Examples of Disbursement Agent Accounts in a sentence

  • Either the Borrower or OpCo may be an account party to the Disbursement Agent Accounts hereunder and both the Borrower and OpCo shall be permitted to draw checks on and otherwise withdraw amounts on deposit in such Disbursement Agent Accounts to the extent such withdrawals are otherwise permitted under this Agreement.

  • Notwithstanding the foregoing, Lender shall not have any right of set off with respect to amounts held in the Disbursement Agent Accounts.

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  • Notwithstanding anything to the contrary in this Agreement, in any Account Control Agreement or in any Financing Agreement, at any time after the Closing Date, the Borrower shall be entitled to pay Project Costs then due and owing from funds available to the Borrower outside of the Disbursement Agent Accounts (regardless of whether the conditions precedent to any disbursement set forth in this Section 4 may be satisfied).

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  • Notwithstanding the foregoing, no Lender shall have any right of set off with respect to amounts held in the Disbursement Agent Accounts, the Escrow Interest Reserve Account or the Escrow Account.

  • After the Final Completion Date, the Disbursement Agent shall disburse or cause the disbursement of all remaining funds in the Disbursement Agent Accounts, if any, to the Borrower’s account specified in writing by the Borrower to the Disbursement Agent (and upon such disbursements the Borrower shall be permitted to close the Disbursement Agent Accounts).

  • Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this Section 9.08; provided, however, that the Administrative Agent shall not have any right of set off with respect to amounts held in the Disbursement Agent Accounts, the Escrow Interest Reserve Account or the Escrow Account.

  • All moneys, Cash Equivalents, instruments, investments and securities at any time on deposit in or credited to any of the Disbursement Agent Accounts shall constitute collateral security for the payment and performance of the Loans and the Notes and shall at all times be subject to the control of the First Lien Collateral Agent and/or the Second Lien Collateral Agent, and shall be held in the custody of the securities intermediary or account bank.

  • Any Disbursement Agent Accounts transferred may be held at such Qualified Bank and shall constitute Disbursement Agent Accounts and each of the Borrower, OpCo, the Administrative Agent, the Second Lien Collateral Agent and the Disbursement Agent shall enter into a control agreement with respect thereto.


More Definitions of Disbursement Agent Accounts

Disbursement Agent Accounts has the meaning specified in Section 6.09(c).
Sample 1

Related to Disbursement Agent Accounts

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Agent Account means an account in the name of the Agent designated by the Agent to the Borrower from time to time into which the Borrower shall make all payments to the Agent, for the account of the Agent or the Lenders, as the case may be, under this Agreement.

  • Disbursement Agent means Deutsche Bank National Trust Company, a national banking association, and its successors in interest, as disbursement agent under the Custodial and Disbursement Agreement, and any successor Disbursement Agent under the Custodial and Disbursement Agreement.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Disbursement Date is defined in Section 2.6.2.

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Lock-Box Bank means any of the banks or other financial institutions holding one or more Lock-Box Accounts.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Lockbox Bank means a depository institution named by the Servicer and acceptable to the Controlling Party.

  • Collection Agent Fee has the meaning specified in Section 6.03.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

  • Administrative Agent’s Fee Letter means that certain letter agreement, dated as of October 17, 1997, between the Agent and the Borrower, as amended, modified, supplemented or replaced from time to time.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

  • Administrative Agent Fee shall have the meaning assigned to such term in Section 2.05(b).

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Costs of Issuance Account means the Account within the Operating Expense Fund so designated and established by Article V hereof.

  • Administrative Agent Fee Letter means that certain fee letter agreement that shall be entered into between the Borrower and the Administrative Agent in connection with the transactions contemplated by this Agreement, as amended, modified, supplemented, restated or replaced from time to time in accordance with the terms thereof.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.