DST Account definition

DST Account means (a) with respect to an Initial Borrower, that certain “Collection Account” held at UMB Bank, N.A., which is referenced in the applicable Letter of Direction and for the benefit of the Initial Borrower into which Capital Contributions are initially funded, and (b) with respect to any other Fund Borrower, such account(s) held by DST for the benefit of such Fund Borrower into which Capital Contributions are initially funded.
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Examples of DST Account in a sentence

  • Pursuant to the Letter of Direction, the funds on deposit in Borrower’s DST Account shall be transferred directly into Borrower’s Collateral Account.

  • In addition, the Fund Borrowers that are party to a Security Agreement shall, upon receipt, deposit in the applicable Collateral Account, either directly or through the applicable DST Account, any payments and monies that the Fund Borrowers receive directly from Investors as Capital Contributions.

  • Notwithstanding anything contained herein, at no point shall any Investor of Fund be required to fund Capital Contributions as a result of any Capital Call to an account other than the Collateral Account, either directly or through the DST Account, (or a replacement or substitute account in the name of the Fund that has substantially the same terms and conditions as the Collateral Account or the DST Account, as applicable).

  • No Fund Borrower shall deposit or otherwise credit, or cause or permit to be so deposited or credited, to the DST Account or the Collateral Account cash or cash proceeds other than Capital Contributions.

  • Each Fund Borrower with a DST Account will cooperate with the Administrative Agent with respect to providing directions to DST pursuant to the terms of the Letter of Direction.

Related to DST Account

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Interest Account means the account by that name within the Bond Fund established pursuant to Section 5.02.

  • Investment Account As defined in Section 3.12(a).

  • Direct Account : means any Account which is not an ISA Account.

  • Trust Accounts has the meaning assigned thereto in Section 5.01 of the Sale and Servicing Agreement.