MOP Operating Account definition
MOP Operating Account means the account so designated in Schedule 6 (Accounts).
MOP Operating Account means the Account so designated in Schedule 6 (Accounts).
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Related to MOP Operating Account
Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.
Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.
Billing Account is the checking account from which all Service fees will be automatically debited.
Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.
Expense Account has the meaning given to such term in Section 3.01(a) hereof.