Remittance Account definition
Remittance Account means one or more deposit accounts established and maintained at the Remittance Account Bank pursuant to the Blocked Account Control Agreement, for the benefit of the “Secured Parties” (as defined in the Blocked Account Control Agreement), and to which all Obligors are instructed to make payments in respect of the Receivables.
Remittance Account means the deposit account established and maintained by Seller at Bank into which Bank shall deposit any and all funds received by Bank from time to time which are attributable hereunder to Seller’s Retained Percentage in any Participated Mortgage Loan and which are required to be paid by Bank to Seller hereunder.
Remittance Account means the account of the Seller Representative located at Bank of America, NA (ABA No. ▇▇▇▇▇▇▇▇▇) with account number ▇▇▇▇▇▇▇▇▇▇, or such other account as notified to the Administrative Agent from time to time by the Seller Representative in writing.
Examples of Remittance Account in a sentence
While ▇▇▇▇▇▇ remains the agent and servicer hereunder with respect to any Applicable Obligor and the Purchased Receivables owing from such Applicable Obligor in accordance with the provisions of Section 4(b) hereof, Seller shall at all times direct such Applicable Obligor to remit all Collections with respect to such Purchased Receivables to the Remittance Account of which Seller has most recently given notice of to Bank in accordance the definition of “Remittance Account”.
More Definitions of Remittance Account
Remittance Account shall have the meaning specified in Section 5(a).
Remittance Account means, with respect to each Seller and each Designated Currency, each of the accounts set forth on Schedule D, or such other account as notified to the Purchaser from time to time by the Seller Representative in writing.
Remittance Account means an account established with a financial institution acceptable to Secured Party for the benefit of Secured Party and subject to the sole dominion and control of Secured Party.
Remittance Account means the account of the Seller Representative located at Bank of America, NA (ABA No. 111000012) with account number 4427274350, or such other account as notified to the Administrative Agent from time to time by the Seller Representative in writing.
Remittance Account. As defined in Section 2.2.
Remittance Account. The account or accounts established by ▇▇▇▇▇▇ Mac into which the Central Servicer will make deposits on each Remittance Date.
Remittance Account. A depository account owned and maintained by Agent.