Loan Account definition

Loan Account has the meaning set forth in Section 2.10.
Loan Account has the meaning specified therefor in Section 2.9 of the Agreement.
Loan Account means an account maintained hereunder by the Administrative Agent on its books of account at the Payment Office, and with respect to the Borrowers, in which the Borrowers will be charged with all Loans made to, and all other Obligations incurred by, the Borrowers.

Examples of Loan Account in a sentence

  • Borrower unconditionally authorizes Bank to collect all principal, interest, fees, indemnification obligations, reimbursement of expenses and other Obligations or amounts due under this Agreement or any of the other Loan Documents (including, but not limited to, costs and expenses relating to Bank’s attorneys’ fees), in each case, as they become due from time to time, by charging the Loan Account or any deposit account maintained by Borrower with Bank.

  • All periodic statements relating to the Loan Account (if any) will be conclusively presumed to be correct and accurate and constitute an account stated between Borrower and Bank unless Borrower delivers written objection to Bank within 30 days after receipt by Borrower.


More Definitions of Loan Account

Loan Account shall have the meaning given to that term in Section 2.08(a).
Loan Account has the meaning specified in Section 3.5 hereof.
Loan Account shall have the meaning assigned to it in Section 1.12.
Loan Account means the loan account of the Borrower, which account shall be maintained by the Agent.
Loan Account wherever used in the General Conditions, means the GEF Trust Fund Grant Account;
Loan Account has the meaning provided in SECTION 2.20.
Loan Account. Defined in Section 2.8.