UK Loan Account definition

UK Loan Account has the meaning specified therefor in Section 2.9.
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UK Loan Account has the meaning specified therefor in Section 2.9. “UK Loan Party” means any UK Borrower or any UK Guarantor.
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UK Loan Account as defined in Section 3.6 of the Agreement.
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Examples of UK Loan Account in a sentence

  • Each UK Borrower expects to derive benefit, directly or indirectly, from the handling of the UK Loan Account and the Collateral in a combined fashion since the successful operation of each UK Borrower is dependent on the continued successful performance of the integrated group.

  • It is understood that the handling of the UK Loan Account and Collateral in a combined fashion, as more fully set forth herein, is done solely as an accommodation to UK Borrowers in order to utilize the collective borrowing powers of UK Borrowers in the most efficient and economical manner and at their request, and that Lender Group shall not incur liability to any UK Borrower as a result hereof.

  • It is understood that the handling of the UK Loan Account and UK Collateral in a combined fashion and the US Loan Account and Collateral in a combined fashion, as more fully set forth herein, is done solely as an accommodation to UK Borrowers and US Borrowers, as the case may be, in order to utilize the collective borrowing powers of such Borrowers in the most efficient and economical manner and at their request, and that Lender Group shall not incur liability to any Borrower as a result hereof.

  • UK Agent may at its option, offset such credit balance with respect to the UK Loan Account against any of the UK Obligations upon and during the continuance of an Event of Default.

  • In accordance with Section 2.7, the UK Loan Account will be credited with all payments received by Agent from the UK Borrowers for UK Borrowers’ account.

  • If as the result of collections of Accounts authorized by Section 6.2.4 hereof or otherwise, a credit balance exists in the UK Loan Account, such credit balance shall not accrue interest in favor of UK Borrowers, but shall be disbursed to UK Borrowers or otherwise at Borrower Representative's direction in the manner set forth in Section 3.1.2, upon Borrower Representative's request at any time, so long as no Default or Event of Default then exists.

Related to UK Loan Account

  • Loan Account has the meaning set forth in Section 2.10.

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Borrower’s Account shall have the meaning set forth in Section 2.8.

  • Custodian Account means an account subject to a Custodian Agreement.

  • Lender’s Account means the account identified in Schedule L-1.

  • Revolver Note means any one of such Revolver Notes.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

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

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Credit Card Advance Rate means 90%.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under its sole dominion and control.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.

  • Facility LC Collateral Account is defined in Section 2.19.11.