Funding Account definition
Funding Account has the meaning assigned to such term in Section 4.01(h).
Funding Account has the meaning assigned to such term in Section 2.03(f).
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.
Examples of Funding Account in a sentence
The Administrative Agent will make such Revolving Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to the Funding Account or as otherwise directed by the applicable Borrower; provided that any Revolving Loan made to finance the reimbursement of any LC Disbursement as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank.
The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to the Funding Account or as otherwise directed by the Borrower.
Eligible Investments in the Variable Funding Account must mature no later than the next Business Day.
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.