Escrow Concentration Account definition

Escrow Concentration Account. Reference: DHI Cash Collateral Acct 795759 (the “Revolving Loan Cash Collateral Account”). The Revolving Loan Cash Collateral Account shall be pledged to, and subject to the control of, the Revolving Loan Collateral Agent in a manner satisfactory to the Revolving Loan Lenders, and all funds held in the Revolving Loan Cash Collateral Account from time to time and all proceeds thereof shall be security for the payment of all amounts due in respect of the Revolving Loans and other obligations of the Borrower related to the Revolving Loans or the Revolving Loan Commitments, whether or not then due. The Revolving Loan Cash Collateral Account shall be maintained at all times in accordance with the terms of the Revolving Loan Cash Collateral Account Agreement until the Revolving Loan Commitments have been terminated, and all Revolving Loan Obligations have been paid in full. Neither the Borrower nor any Person claiming on behalf of or through the Borrower shall have any right to withdraw any of the funds held in the Revolving Loan Cash Collateral Account, except as set forth in Section 2.07(b) and except that upon the termination of all Revolving Loan Commitments and the payment of all amounts payable by the Borrower in respect thereof and in respect of the Revolving Loans, any funds remaining in the Revolving Loan Cash Collateral Account shall be applied to other Revolving Loan Obligations then due and owing and upon payment in full of such Revolving Loan Obligations, any remaining amount shall be paid to the Borrower or as otherwise required by law.
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Examples of Escrow Concentration Account in a sentence

  • The Escrow Agent shall direct the Underwriters to deposit with the Depositary on the date of this Agreement (the “Deposit Date”) in Federal (same day) funds by wire transfer to: CITIBANK, N.A., ABA: [ ]; Account Name: Escrow Concentration Account; A/C#.: [ ]: Reference: Spirit 2017-1A INITIAL DEPOSIT ACCOUNT, and the Depositary shall accept from the Underwriters, on behalf of the Escrow Agent, the sum of US$82,366,000.

  • Any and all Escrowed Funds shall be deposited with the Escrow Agent in the Escrow Account, in U.S. Dollars, by wire transfer as follows: Citibank, N.A., ABA# ▇▇▇-▇▇▇-▇▇▇, Account Name: Escrow Concentration Account, Account # [ ], FFC to Account #[ ], Reference: EP Energy Funding Date Escrow Account, Attention: [ ].

  • The Escrow Agent shall direct the Underwriters to deposit with the Depositary on the date of this Agreement (the “Deposit Date”) in Federal (same day) funds by wire transfer to: Citibank, N.A., ABA No. ▇▇▇▇-▇▇▇▇-▇, Account No. ▇▇▇▇▇▇▇▇, Account Name: Escrow Concentration Account, Reference: United Airlines 2018-1 Initial Deposit A/C, and the Depositary shall accept from the Underwriters, on behalf of the Escrow Agent, the sum of US$257,965,000.

  • The Escrow Agent shall direct the Underwriters to deposit with the Depositary on the date of this Agreement (the “Deposit Date”) in Federal (same day) funds by wire transfer to: CITIBANK, N.A., ABA: [ ]; Account Name: Escrow Concentration Account; A/C#.: [ ]: Reference: Spirit 2017-1AA INITIAL DEPOSIT ACCOUNT, and the Depositary shall accept from the Underwriters, on behalf of the Escrow Agent, the sum of US$247,099,000.

  • The Escrow Agent shall direct the Underwriters to deposit with the Depositary on the date of this Agreement (the “Deposit Date”) in Federal (same day) funds by wire transfer to: Citibank, N.A., ABA No. ▇▇▇▇-▇▇▇▇-▇, Account No. ▇▇▇▇▇▇▇▇, Account Name: Escrow Concentration Account, Reference: United Airlines 2018-1 Initial Deposit A/C, and the Depositary shall accept from the Underwriters, on behalf of the Escrow Agent, the sum of US$677,175,000.

  • The Purchase Agreement has been validly terminated in accordance with either Section 11.1(c) or Section 11.1(e) thereof, and the Beneficiary instructs the Issuer to remit the aggregate amount of the Draw Amount to the following account: [CITIBANK, N.A. ABA: ▇▇▇▇-▇▇▇▇-▇ Account Name: Escrow Concentration Account A/C#.: ▇▇▇▇▇▇▇▇ Ref:] [Option 2] The Beneficiary is entitled to make a Termination Draw under the Letter of Credit.

  • The Escrow Agent shall direct the Underwriters to deposit with the Depositary on the date of this Agreement (the “Deposit Date”) in Federal (same day) funds by wire transfer to: Citibank, N.A., ABA No. ▇▇▇▇-▇▇▇▇-▇, Account No. ▇▇▇▇▇▇▇▇, Account Name: Escrow Concentration Account, Reference: United Airlines 2018-1, and the Depositary shall accept from the Underwriters, on behalf of the Escrow Agent, the sum of US$22,338,000.

  • The Escrow Agent shall direct the Purchasers to deposit with the Depositary on the date of this Agreement (the “Deposit Date”) in Federal (same day) funds by wire transfer to: CITIBANK, N.A., ABA: [_______], Account Name: Escrow Concentration Account; A/C#.: [_______]: Reference: Spirit 2017-1C INITIAL DEPOSIT ACCOUNT, and the Depositary shall accept from the Purchasers, on behalf of the Escrow Agent, the sum of US$19,756,000.

  • The Escrow Agent shall direct the Underwriters to deposit with the Depositary on the date of this Agreement (the “Deposit Date”) in Federal (same day) funds by wire transfer to: CITIBANK, N.A., ABA: [ ]; Account Name: Escrow Concentration Account; A/C#.: [ ]: Reference: Spirit 2017-1B INITIAL DEPOSIT ACCOUNT, and the Depositary shall accept from the Underwriters, on behalf of the Escrow Agent, the sum of US$91,035,000.