FPF Account definition

FPF Account means the Future Payment Fund Account that is an interest-bearing conditional advance payment account with Lender and all money paid into that account and all interest earned thereon.
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FPF Account means the Future Payment Fund Account that is an interest-bearing conditional advance payment account with Lender and all money paid into that account and all interest earned thereon. “Fiscal Quarter” means the three month periods ending March 31, June 30, September 30 and December 31.
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Examples of FPF Account in a sentence

  • Interest will accrue on FPF Account balances at a minimum principal balance to be determined by Lender, from the date payments were received into an FPF Account.

  • A variable interest rate, subject to adjustment in the sole discretion of Lender, will be paid on an FPF Account.

  • Borrower hereby grants to Lender a first lien security interest in any FPF Account established or to be established by or on behalf of Borrower related to any Loan.

  • The rate paid on funds held in any FPF Account will not exceed the rate paid by Borrower on the related Loan.

  • For all other Loans, the maximum amount that may be held in the FPF Account shall not exceed the outstanding principal balance on the associated Loan or some other amount as may be determined by Lender.

  • Upon ▇▇▇▇▇▇▇▇’s request, ▇▇▇▇▇▇ will apply funds, if any, held in the FPF Account with respect to the Loan to the unpaid balance, if any, of the Loan.

  • Provided however, amounts held in an FPF Account for a given Loan may, at Lender’s option, be limited to a pro rata amount equal to Lender’s ratable share if the Loan is participated with other lenders.

  • The maximum account balance for each FPF Account shall be subject to the limitations set forth below.

  • The sum which may be held in an FPF Account associated with an operating or revolving line of credit Loan shall not exceed the lesser of the Note amount or the actual maximum outstanding balance on that Loan during the previous 12 months.

  • Payments will be accepted into an FPF Account and held for application on Loans with, or serviced by, Lender.

Related to FPF Account

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

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

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

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