Initial Payment Account definition

Initial Payment Account means each bank account (or "Account") of the Borrower identified in the Blocked Account Agreement at the time the Blocked Account Agreement is executed.
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Initial Payment Account means the first Payment Account established pursuant to this Agreement.
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Examples of Initial Payment Account in a sentence

  • The Initial Payment Account shall have been established, and the Lender shall have received the Blocked Account Agreement.

  • Unless the Lender otherwise directs, the Initial Payment Account shall be the only Payment Account for purposes of this Agreement.

Related to Initial Payment Account

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • Special Payments Account Means, with respect to the Certificates of any series, the account or accounts created and maintained for such series pursuant to Section 4.01(b) and the related Trust Supplement.