Loan Repayment Account definition

Loan Repayment Account means an account established and maintained in accordance with section 6.3.
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Loan Repayment Account means the last destination account for returning the Loan funds from the Borrower to the Lender, pursuant to Article 6 of this Agreement.
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Loan Repayment Account shall have the meaning as set forth in Section 3 of Article 14.
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Examples of Loan Repayment Account in a sentence

  • Some want to stay in a residential provision, but others would prefer to live in Manchester and attend day provision.

  • Any funds remaining in either Account after this date shall be immediately transferred to the Loan Repayment Account established pursuant to paragraph 6 of this Contract.

  • The Loan Repayment Account shall be established and designated as prescribed in the attached form document entitled "Letter Agreement for Section 108 Loan Guarantee Program Deposit Account" (Attachment l) and shall be maintained for such pledged funds.

  • You will be assigned a personal tutor who is there to provide pastoral care to help with this.

  • All such investments shall be held in trust for the benefit of the Secretary by the above financial institution in an account (the "Loan Repayment Investment Account") established and designated as prescribed in the attached form document entitled "Letter Agreement for Section 108 Loan Guarantee Program Investment Account" (Attachment 2), which account shall be maintained for all Government Obligations purchased with funds from the Loan Repayment Account.

  • The balance of the funds in the Abandoned IOLTA Property Account, excluding funds in the subaccount, shall be transferred on an annual basis to the Public Interest Attorney Loan Repayment Account established pursuant to Section 6032.5 of the Business and Professions Code.

  • The I-25 North Express Lanes Loan Repayment Account (Segment 3), the Loan Repayment Subaccount and the Capitalized Interest Subaccount shall be held and administered by the State Treasurer in accordance with C.R.S. § 43-4-806(3) and in accordance with the provisions of this Agreement.

  • The I-70 PPSL Loan Repayment Account and the Capitalized Interest Subaccount shall be held and administered by the State Treasurer in accordance with C.R.S. § 43-4-806(3) and in accordance with the provisions of this Agreement.

  • Upon the exercise of any of the remedies set forth in Section 7.02 hereof, all moneys in the I-25 North Express Lanes Project Account (Segment 3) will be immediately transferred to the I-25 North Express Lanes Loan Repayment Account (Segment 3).

  • Upon the exercise of any of the remedies set forth in Section 7.02 hereof, all moneys in the I-70 PPSL Project Account will be immediately transferred to the I-70 PPSL Loan Repayment Account.


More Definitions of Loan Repayment Account

Loan Repayment Account shall have the meaning as set forth in Section 3 of Article 14. “Loan Drawdown Account” shall have the meaning as set forth in Section 2 of Article 14.
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Loan Repayment Account means the subaccount maintained as a part ---------------------- of a person's Account to show his or her interest attributable to Loan Repayment Contributions.
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Loan Repayment Account means the special fund so designated and established by Section 4.01 of this Indenture.
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Related to Loan Repayment Account

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Loan repayment means the cancellation and repayment of loans

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Loan Repayments means the sum of (i) Trust Bond Loan Repayments, (ii) the Administrative Fee and (iii) any late charges incurred under the provisions of a Loan Agreement.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Note Account As defined in the Indenture.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

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

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).