Funding Account definition

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

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Funding Account means the deposit account of the Borrower to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

Funding Account has the meaning assigned to such term in Section 2.03(f).

Examples of Funding Account in a sentence

If for one or more months during the Controlled Accumulation Period there are not sufficient funds to deposit the Controlled Deposit Amount into the Principal Funding Account, then to the extent that excess funds are not available on subsequent Distribution Dates with respect to the Controlled Accumulation Period to make up for such shortfalls, the final payment of principal of the Notes will occur later than the Expected Final Distribution Date.
Unless the Servicer directs otherwise in writing, funds deposited in the Principal Funding Account on a Transfer Date upon the maturity of any Eligible Investments are not required to be invested.
The Principal Funding Account shall be under the exclusive control of the Indenture Trustee for the benefit of the Series [__]-[__] Noteholders.
The obligation of the Transferor to accept reassignment of any Ineligible Receivable previously conveyed to the Trust by the Transferor, and to make the deposits, if any, required to be made to the Excess Funding Account as provided in this Section 2.06(b), shall constitute the sole remedy respecting the event giving rise to such obligation available to the Trust or the Noteholders (or the Indenture Trustee on behalf of the Noteholders).
The Excess Funding Account shall be under the control of the Indenture Trustee for the benefit of the Indenture Trustee and the Noteholders in accordance with Section 2.11.

More Definitions of Funding Account

Funding Account has the meaning set forth in Section 2.11(a).

Funding Account means an account created pursuant to section 3(6) for the deposit of funds and payment of retirement health care benefits under the applicable retirement act.

Funding Account means the non-interest bearing demand checking account established with, maintained by, and pledged to Lender into which shall be deposited the proceeds of Advances, the proceeds from any sale of Collateral, and from which funds shall be disbursed for the acquisition of Mortgage Loans.

Funding Account is defined in Section 2.5.

Funding Account. The account established and maintained pursuant to Section 4.02.

Funding Account means a transaction account that has been identified by the financial institution holding the account as eligible to serve as a funding account for Transfer Transactions.

Funding Account. Is defined in Section 7-3.