Borrower Account definition

Borrower Account has the meaning specified in Section 2.11(a)(ii).

Borrower Account any account established by or for the Borrower, other than the Series 2002-1 Collection Subaccount (or any sub-subaccount thereof), for the purpose of depositing funds borrowed hereunder or under any Pari Passu Indebtedness, any amounts paid pursuant to the Series 2002-1 VFC and all amounts received with respect to Hedge Agreements.

Borrower Account. As defined in Section 3.07(a).

Examples of Borrower Account in a sentence

• The Primary Servicer may invest funds in the Primary Servicer Collection Account and/or any Borrower Account maintained by it on the same terms as the Master Servicer may invest funds in the Collection Account and/or a Borrower Account, and subject to the same rights, restrictions and obligations regarding maturity dates, gains, losses, withdrawals, possession and control of Permitted Investments and Permitted Investments payable on demand.

• The Borrower shall not maintain any bank accounts other than the Accounts, the Policy Account and the Borrower Account.

• Without limiting the generality of the foregoing, any investment of funds in the Primary Servicer Collection Account and/or Borrower Account shall be made in the name of the Trustee (in its capacity as such) or in the name of a nominee of the Trustee.

• After receipt of such wire transfers (or, in the Administrative Agent’s sole discretion in accordance with Section 2.03(c), before receipt of such wire transfers), subject to the terms hereof, the Administrative Agent shall make available to the Borrower by deposit into the Borrower Account on the Advance Date therefor, the amount of the requested Borrowing.

• Evidence that the Accounts, the Policy Account and the Borrower Account have been established in accordance with the Transaction Documents.

More Definitions of Borrower Account

Borrower Account means the account of the Borrower identified as such on Schedule 9.5, or such other account as the Borrower may hereafter designate by notice to the Agent, with the prior consent of the Agent (such consent not to be withheld, conditioned or delayed so long as the designation of such account would not prevent the Agent from satisfying its obligations hereunder in a timely manner).

Borrower Account shall have the meaning set forth in Section 2.2(b) hereof.

Borrower Account has the meaning set forth in Section 5.1(d) of the Loan Agreement.

Borrower Account means the bank account opened and notified by the Borrower to the Lender in writing.

Borrower Account means the principal operating account of Borrower with the Agent or any other account of Borrower with the Agent which is designated as Borrower's "Borrower Account" in writing by the Borrower to the Agent.

Borrower Account means the “Borrower Account” set forth on Schedule 4.01(q) to the Funding Agreement, maintained by the Borrower at the Borrower Account Bank, which account shall be subject to a Borrower Account Agreement.

Borrower Account means initially account # 000009069730 at Bank of America, N.A., ABA # 000000000, or, thereafter, such other bank account designated by the Borrower Representative by Written Notice to the Lender and the Program Manager from time to time.