Closing Account definition

Closing Account has the meaning ascribed to it in Section 1.2(d)

Closing Account has the meaning set forth in Section 2.2(ii) hereof.

Closing Account has the meaning given to it in Clause 4.4.

Examples of Closing Account in a sentence

• The amount retained (inclusive of accrued interest in the Closing Account) shall be paid once the encumbrance has been deleted or a bank has confirmed in writing that the encumbrance will be deleted.

• Any excess amount in the Closing Account that is not to be transferred to the Lender shall be repaid to the Purchaser at the same time.

• Any interest accruing in the Closing Account as from the date of Closing shall be paid to the Seller, whilst any interest accruing prior to Closing shall be paid to the Purchaser.

• Closing Account: When either you or the Credit Union close any accounts, certain funds may not be immediately made available to you upon closing.

• If one or more of the conditions has/have still not been satisfied or waived by the expiry of the said 30-day time limit, the Closing Agent shall deliver the original power of attorney mentioned in Clause 2.3 to the Seller and repay any received loan amount to the Lender, inclusive of interest accrued in the Closing Account, provided that the Lender confirms that the mortgage deeds registered in favour of the Lender will be deregistered.

More Definitions of Closing Account

Closing Account has the meaning set forth in Section 2.6(i) of this Agreement.

Closing Account means the cash account opened at Wing Lung Bank Limited under the name of the Borrower with account number 000-000-00000, the operation of which shall require one authorised signatory appointed by the Lender.

Closing Account means the account or accounts designated in writing by Seller at least two (2) Business Days prior to the Closing Date.

Closing Account means the cash account opened at Wing Lung Bank Limited under the name of the Borrower with account number 601-016-06276, the operation of which shall require one authorised signatory appointed by the Lender.

Closing Account has the meaning set out in Section 20 of EXHIBIT G.

Closing Account has the meaning given in Section 3.2.

Closing Account means the account maintained with the Trustee at U.S. Bank National Association, ABA No. 000000000, Account No. 1731 0332 1092, Ref. Aquestive Senior Secured Notes, Attention: Xxxxxx X.X. Xxxxxx.