Examples of Collateral Deposit Account in a sentence
If requested by IHFA, the Lender will, from time to time, invest amounts on deposit in the Collateral Deposit Account, and any interest, dividends and proceeds from reinvestment, in such investments, other forms of deposit or savings accounts or certificates of deposit offered by the Lender, and as the President or such other officer of IHFA as may be designated by the President may select in writing and the Lender approves (the "Permitted Investments").
Nothing in this section shall be deemed to permit the Lender to invest any amounts on deposit in the Collateral Deposit Account, or any interest, dividends, and proceeds from reinvestment, in any other form of account without the express prior written consent of the President of IHFA or another officer of IHFA designated by the President.
IHFA authorizes the Lender to file financing statement(s) describing the Cash Collateral and Collateral Deposit Account in all public offices deemed necessary by the Lender, if any, and to take any action, including, without limitation, filing all financing statements, continuation financing statements and all other documents that the Lender may reasonably determine to be necessary to perfect and maintain the Lender's security interests in the Cash Collateral and the Collateral Deposit Account.
This Deposit Agreement shall be considered a security agreement covering the Collateral Deposit Account and the Cash Collateral for purposes of the Uniform Commercial Code in Idaho.
The Borrower has not been promised or told by the Lender, its employees or agents that it has any legal, beneficial or equitable interest in any payment or other funds credited to the Collateral Deposit Account.