Loan Proceeds Account definition
Loan Proceeds Account means the account designated in the Notice of Borrowing as the account into which the proceeds of the Advances are remitted.
Loan Proceeds Account means the account of the District from which the Loan is to be funded, whether such account is established with the Trustee or otherwise.
Loan Proceeds Account means the account by that name established and held by the Lender under Section 3.05.
Examples of Loan Proceeds Account in a sentence
Establish or maintain any bank accounts other than the Equity Borrower Account, Asset Disposition Borrower Account, the Loss Proceeds Borrower Account or the Loan Proceeds Account.
More Definitions of Loan Proceeds Account
Loan Proceeds Account means account number [Redacted], in the name of the Agent for the benefit of the Borrowers, established at JPMorgan Chase Bank, N.A., or such account in replacement or substitution thereof.
Loan Proceeds Account shall have the meaning set forth in the Disbursement Agreement.
Loan Proceeds Account means the account established pursuant to Clause 23.6 (Loan Proceeds Account).
Loan Proceeds Account has the meaning ascribed to it in Annex C.
Loan Proceeds Account means an escrow account with the Escrow Agent into which the proceeds of the Loans (other than the Effective Date Direct Borrowing) shall be deposited and retained subject to withdrawal thereof by the Borrower (each such event, a “Withdrawal”) pursuant to a Withdrawal Notice for use in accordance with the terms hereof and of the Approved Budget or return thereof to the Lenders upon the occurrence of the Maturity Date for any reason whatsoever.
Loan Proceeds Account means an escrow account with the Escrow Agent into which the proceeds of the New Money Loans shall be deposited and retained subject to withdrawal thereof by the Borrower pursuant to a Withdrawal Notice for use in accordance with the terms hereof and of the Approved Budget or return thereof to the Lenders upon the occurrence of the Maturity Date for any reason whatsoever.
Loan Proceeds Account means an escrow account of the Administrative Agent with the Escrow Agent into which any repayments of Revolving Credit Loans shall be deposited and retained in accordance with this Agreement subject to (a) withdrawal thereof by the Administrative Agent (a “Withdrawal”) pursuant to a Withdrawal Request delivered pursuant to Section 2.5 hereof for use in accordance with the terms hereof or (b) return of such Revolving Credit Loans so deposited to the Lenders in accordance with the terms hereof.