Advance Account definition

Advance Account. The account established and maintained pursuant to Section 5.04.

Advance Account refers to the credit balance maintained by the Customer with the Parent.

Advance Account means the depositary account of the Borrower --------------- designated by the Borrower by written notice to the Agent and the Lender.

Examples of Advance Account in a sentence

• Agent shall have received satisfactory evidence that the Advance Account, the General Account and the Cash Collateral Account are open.

• Borrower authorizes Agent and each Lender, in Agent’s or such Xxxxxx’s sole discretion, upon notice to the Borrower to charge General Account, Cash Collateral Account, Advance Account and any other account maintained with the Agent or such Lender for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

• Maintain the Advance Account, Cash Collateral Account and the General Account with Agent.

• Agent may, at its option, directly charge the General Account, the Advance Account and/or the Cash Collateral Account for interest due hereunder and for any Fees, and shall promptly thereafter notify the Borrower of the occurrence thereof.

More Definitions of Advance Account

Advance Account means Borrower’s non-interest bearing deposit account no. 1852-717493 with Agent, which shall be titled as designated by Agent and to which Agent shall have exclusive access and control. Agent shall disburse Advances into the Advance Account from time to time for the purpose of Borrower funding Drafts furnished to a Closing Agent and wire transfers pursuant to a Wire Request, all subject to the terms and conditions of this Agreement.

Advance Account means an Account referred to in Section 2.02 (c) of this Agreement;

Advance Account means, unless another account is specified by the Issuer in the Advance Request, the Principal Reinvestment Account.

Advance Account means the account maintained in Borrower's name on Lender's books.

Advance Account means each of the accounts referred to in Part C of Schedule 1 to this Agreement;

Advance Account means the bank account operated by Harmoney on behalf of the Trustee into which funds are transferred by Harmoney from the Investor Account when an Order is accepted, and from which Harmoney (as agent for the Trustee) at Settlement transfers funds to the relevant Borrower’s nominated account (and transfers the Platform Fee and any Optional Service Charges payable under clause 64(b) to Harmoney's own account); AIL means the approved issuer levy payable under part 6B of the Stamp and Cheque Duties Xxx 0000; Borrower means a person who has registered as a Borrower with Harmoney;

Advance Account means account no. 1895261558 in the name of Debtor, into which advances of the Line of Credit (as defined in the Credit Agreement) are made, which advances are to be used by Debtor to originate or purchase Pledged Mortgage Loans in accordance with the Credit Agreement, together with any replacement or successor account thereto.