Third Account definition
Examples of Third Account in a sentence
If such amounts are payable to Fifth Third, they shall be paid to the Fifth Third Account.
On each Settlement Date prior to the occurrence of the Amortization Date, the Servicer shall remit to the Fifth Third Account and the PNC Account each Purchaser’s respective Percentage of the amounts set aside during the preceding Settlement Period that have not been subject to a Reinvestment and apply such amounts (if not previously paid in accordance with Section 2.1) to reduce the Obligations.
Once such Obligations shall be reduced to zero, any additional Collections received by the Servicer (i) if applicable, shall be remitted to the Fifth Third Account and the Wachovia Account no later than 12:00 noon (New York time) to the extent required to fund the Purchasers’ respective Percentages of any Aggregate Reduction on such Settlement Date and (ii) any balance remaining thereafter shall be remitted from the Servicer to Seller on such Settlement Date.
First Account Holder Second Account Holder Third Account Holder Fourth Account Holder Date: Dear Customer, Please mention your complete mailing address as stated in the loan application form.
All parties acknowledge that the Lock Box Account shall remain in place as a matter of convenience only, and periodically at the sole discretion of the Bank, all amounts in the Lock Box Account in excess of any minimum balance required by the depository institution maintaining the Lock Box Account shall be transferred to and deposited in the Fifth Third Account.
Once such Obligations shall be reduced to zero, any additional Collections received by the Servicer (i) if applicable, shall be remitted to the Fifth Third Account and the PNC Account no later than 12:00 noon (New York time) to the extent required to fund the Purchasers’ respective Percentages of any Aggregate Reduction on such Settlement Date and (ii) any balance remaining thereafter shall be remitted from the Servicer to Seller on such Settlement Date.
First Account Holder Second Account Holder Third Account Holder Fourth Account Holder Date: All Signatures as in the Bank Records.
On each Settlement Date prior to the occurrence of the Amortization Date, the Servicer shall remit to the Fifth Third Account and the Wachovia Account each Purchaser’s respective Percentage of the amounts set aside during the preceding Settlement Period that have not been subject to a Reinvestment and apply such amounts (if not previously paid in accordance with Section 2.1) to reduce the Obligations.
The Phantom Units shall be segregated and maintained in four (4) separate record keeping accounts (the "Accounts"), with the first such Account initially holding 25,140 Phantom Units ("First Account"), the second such Account initially holding 24,625 Phantom Units ("Second Account"), the third such Account initially holding 10,175 Phantom Units ("Third Account"), and the fourth such Account initially holding 17,150 Phantom Units ("Fourth Account").