Dedicated Account. Except as permitted under Section 6.12(b), the Seller or any other Person shall have withdrawn any amounts on deposit in the Dedicated Account without the consent of the Buyer (at the written direction of the Indenture Trustee on behalf of the Noteholders) other than funds deposited or withdrawn in error.
Dedicated Account. Amounts received on account of MSRs and Portfolio Excess Spread (excluding Ancillary Income, Base Servicing Fee and Advance Reimbursement Amounts) and retained by the Seller pursuant to the related Servicing Contract or Participation Agreement, as the case may be, shall, subject to Section 6.12, promptly, in any event within two (2) Business Days after receipt, be deposited in the Dedicated Account. Prior to an Event of Default, funds deposited in the Dedicated Account (including any interest paid on such funds) may only be used in accordance with Section 6.12. On or after the occurrence of an Event of Default, amounts on deposit in the Dedicated Account may only be used in accordance with Section 6.12 and only to pay the Obligations hereunder. Upon the Termination Date and the payment of all amounts due by the Seller hereunder, all amounts on deposit in the Dedicated Account shall be remitted to the Seller.
Dedicated Account. As soon as reasonably practicable and following the Notification, the Host DGS shall select or open a Dedicated Account for that Payout. This account shall be and remain segregated from other Host DGS accounts. If more than one default occurs, separate accounts shall be opened per default. The currency of the account shall be the same as the Payout Currency. The Host DGS shall provide the Home DGS with all the necessary information (including, if applicable, bank account details – IBAN, BIC, code) about such account, promptly after receiving the notification of unavailability of deposits. Such account(s) and the transfer method used shall ensure the utmost security of the funds from the Home DGS to the Host DGS.
Dedicated Account. Amounts received on account of Excess Spread shall promptly, in any event within two (2) Business Days after receipt, be deposited in the Dedicated Account. Upon the Termination Date and the payment of all amounts due by Seller hereunder, all amounts on deposit in the Dedicated Account with respect to the Excess Spread shall be remitted to Seller.
Dedicated Account. Manager for each program B. 1 Dedicated Quality Manager C. 1 Dedicated on Site Program Manager for each program that Vendor provides Services. Separate programs shall be defined by Nextel. D. 1
Dedicated Account. Collections received on account of MSRs, including Advance Reimbursement Amounts and Portfolio Excess Spread, and retained by Seller pursuant to the related Servicing Contract or Participation Agreement, as the case may be, shall, subject to Section 6.12, promptly be deposited in the Dedicated Account. Funds on deposit in the Dedicated Account may be applied to satisfy the Seller’s obligation to pay the Required Payments on the related MRA Payment Date. LEGAL02/43438678v9
Dedicated Account. Seller shall establish and maintain the Dedicated Account in the form of a time deposit or demand account. During the occurrence and continuance of an Event of Default, amounts received on account of Portfolio Excess Spread and Servicing Rights and retained by Seller pursuant to the applicable Servicing Contract or Participation Agreement, as the case may be, shall promptly, and in any event within one (1) Business Day after receipt, be deposited in the Dedicated Account. Funds deposited in the Dedicated Account (including any interest paid on such funds) may be distributed only in accordance with Section 2.07. Upon the Termination Date and the payment of all Obligations due by Seller hereunder, all amounts on deposit in the Dedicated Account shall be remitted to Seller.
Dedicated Account. The Seller shall establish and maintain the Dedicated Account in the form of a time deposit or demand account. Amounts received on account of MSRs and Excess Spread (excluding Ancillary Income and the Base Servicing Fee) and retained by the Seller pursuant to the Servicing Contract or Participation Agreement, as the case may be, shall, subject to Section 7.01(ee), promptly, in any event within two (2) Business Days after receipt, be deposited in the Dedicated Account. Prior to an Event of Default, funds deposited in the Dedicated Account (including any interest paid on such funds) may only be used by the Seller in accordance with 7.01(ee). On and after the occurrence of an Event of Default as notified to the Seller by the Administrative Agent, amounts on deposit in the Dedicated Account may only be used to pay the Obligations hereunder, and the Seller shall not withdraw or direct the withdrawal or remittance of any funds from the Dedicated Account. Upon the Termination Date and the payment of all amounts due by the Seller hereunder, all amounts on deposit in the Dedicated Account shall be remitted to the Seller.
Dedicated Account. The Purchase Price, in its entirety, shall be deposited in a dedicated bank account (the "Dedicated Account"); the Company shall, upon Closing, update the signatory rights in the Dedicated Account as follows: (i) any payment of more than 10,000 NIS out of the Dedicated Account shall require the joint signature of the Company's CEO, the Company's CFO and Xx. Xxx Xxxxxx; (ii) any payment of 10,000 NIS or less out of the Dedicated Account shall require the joint signature of the Company's CEO and the Company's CFO.
Dedicated Account. The Company agrees to use its commercially reasonable best efforts to raise sufficient cash to pay the Note Repurchase Amount on or prior to February 29, 2008 by taking the actions described in the Capital Raising Plan contained in memoranda entitled “Loan Participation Offering Memorandum” dated January 3, 2008, and “Confidential Financing Memorandum” dated January 9, 2008, separately provided to the Purchasers (the “Capital Raising Plan”). The Company agrees that it shall deposit funds sufficient to pay the Note Repurchase Amount received in respect of the Capital Raising Plan, when and as received, in the Dedicated Account. Until the earlier of (a) 5:01 PM CST on February 29, 2008, or (b) the Business Day following the date of the Company Tender, the Dedicated Account shall be blocked as set forth the Blocked Account Control Agreement of even date herewith with respect to the Dedicated Account (the “Blocked Account Agreement”) and the blocking letter of even date herewith (the Blocking Letter”).
