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

Examples of Funding Account in a sentence

• Upon satisfaction of the applicable conditions set forth in Section 4.1, Administrative Agent shall make all funds so received available to Borrower in like funds as received by Administrative Agent by crediting the Funding Account with the amount of such funds.

• Upon receipt of all requested funds in respect of such Loans, the Administrative Agent will make such Loans available to the Borrower by promptly wiring the funds so received in the aforesaid account of the Administrative Agent to the Funding Account on the proposed date thereof (or, if any such requested funds are received by the Administrative Agent after 2:00 p.m., New York time, on the next succeeding Business Day after such receipt).

• The Administrative Agent will make such Loans available to the Borrowers by promptly crediting the amounts so received, in like funds, to the Funding Account or as otherwise directed by a Borrower; provided that Revolving Loans 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 Swingline Lender shall make each Swingline Loan available to the applicable Borrower on a same Business Day by means of a credit to the Funding Account or otherwise in accordance with the instructions of such Borrower (including, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in ‎Section 2.05(e), by remittance to the applicable Issuing Bank).

• All other amounts held in the Revolver Funding Account will be deemed to represent Principal Proceeds.

More Definitions of Funding Account

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 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(vi).

Funding Account. Is defined in Section 7-3.