SWB Account definition
SWB Account means Borrower’s account, account number [________], maintained with Lender, which shall be used by Borrower for disbursements and deposits.
Examples of SWB Account in a sentence
If Borrower receives any payments on account of Borrower’s Accounts or any other Collateral, then Borrower shall hold such payments in trust for Lender and shall promptly deposit all such payments into one of the SWB Account or Custodial Account.
Lender shall make Borrowings available to Borrower in immediately available funds to the SWB Account, or such other account of Borrower as may be approved by Lender, in its sole discretion.
Borrower shall not maintain any deposit, checking, operating or other accounts other than the CNB Account (subject to Section 5.25), SWB Account or Custodial Account.