Wachovia Funding Account definition

Wachovia Funding Account means any account established and maintained in the name of the Borrowers at Wachovia, with the Administrative Agent named as secured party thereon.
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Wachovia Funding Account means the NationsRent Companies, Inc. Funding Account, Account No. 2000014803411, ABA 000000000, established and maintained in the name of the Company, naming the Administrative Agent as secured party, for the benefit of the Lenders, at Wachovia, in Charlotte, North Carolina.
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Examples of Wachovia Funding Account in a sentence

  • Specifically, the Wachovia Funding Account was overdrawn on seven (7) days in October 2008, five (5) days in November 2008; nine (9) days in December 2008, ten (10) days in January 2009; and two (2) days in February 2009.

  • These deposits did not remain in the Wachovia Funding Account for long because by January 11, 2008, the Funding Account was overdrawn.

  • Colson transferred $257,464.31 from the Wachovia Funding Account into the Life Premiums Account as shown in the following chart: Life Premiums AccountJanuary 7, 2009 (Pl. Ex. 95 at Wachovia 005045, 005050, 005052, 005053, & 005056).

  • Bonus payments of up to: ▪ $1,500 per employee, depending on performance as per the Performance Index (Clause 10 & 11), and ▪ This bonus payment was available from November 2005.

  • Colson withdrew $368,467.70 from the Wachovia Funding Account and deposited those funds into the Abstract Account.

  • During the next month, the Wachovia Funding Account was overdrawn on December 2, 4, 5, 9, 11, 23, 24, 26, and 29.

  • It is also assumed to be fully releasable during accident circumstances, for example fires.

  • Despite the Wachovia Funding Account being overdrawn, Colson transferred $221,100.00 from the Wachovia Funding Account into the Abstract Account, as shown below: Abstract Account (Pl. Ex. 61 at Wachovia 003368, 003369, 003369, & 003370; Pl. Ex. 130 at 5).

  • Just prior to a real estate closing, the escrow funds are transferred from the Wachovia Funding Account to the escrow account associated with that specific real estate closing.

  • In the ensuing months from October 2008, until February 10, 2009, the Wachovia Funding Account continued to be overdrawn on numerous days.

Related to Wachovia Funding Account

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Excess Funding Account shall have the meaning specified in subsection 4.2(d).

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2022 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Principal Funding Account Balance means, with respect to any date of determination, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Investment Account As defined in Section 3.12(a).

  • Administration Account As defined in Section 7.02.

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

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Agent Account means an account in the name of the Agent designated by the Agent to the Borrower from time to time into which the Borrower shall make all payments to the Agent, for the account of the Agent or the Lenders, as the case may be, under this Agreement.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:

  • 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.

  • Equity Account Administrator means the brokerage firm utilized by the Company from time to time to create and administer accounts for participants in the Company’s equity plans and programs, including the Plan.

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.2.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.