Designated Funding Account definition

Designated Funding Account means account #0000000 at First Western Trust Bank (or such other account designated by the Borrower to the Lender in writing) into which the Term Loan will be funded on each Borrowing Date.

Designated Funding Account is Borrower’s Deposit Account, account number 3300540510, maintained with Silicon Valley Bank and over which Agent has been granted control for the ratable benefit of all Lenders.

Designated Funding Account is Borrower’s Deposit Account, account number 00464043350, maintained with Bank of America, N.A. and over which Agent has been granted control for the ratable benefit of all Lenders.

Examples of Designated Funding Account in a sentence

• You authorize us to deduct all fees from your Designated Funding Account or, to the extent your Designated Funding Account lacks sufficient funds, from any of your other accounts maintained with us.

• We may, at our discretion, remit your Payments by mailing your Payee a check drawn on your Designated Funding Account (or an account we maintain for this purpose), by electronic funds transfer, or by other means.

• If we elect to remit a Payment by check, you authorize us to execute checks drawn on your Designated Funding Account for the purpose of making Payments to your Payees initiated through the Service notwithstanding any resolution, signature card, or other document filed with us that purports to limit authority over any of your accounts, whether currently on file or submitted or modified in the future.

• Regardless of where you live, work, or where you access the Services, this Agreement, any enrollment form, and your deposit relationship with us will be governed by the substantive laws (excluding conflict of laws principles) and regulations of the United States and the state in which the branch where your primary Designated Funding Account was established is located.

• In the event a Payment is returned, you authorize us either to research and correct the returned Payment and resubmit it to your Payee or to void the Payment and credit the amount of the Payment to your Designated Funding Account, in our discretion.

More Definitions of Designated Funding Account

Designated Funding Account means the eligible account(s) you have with us from which you may make Bill Payments. Only your primary Designated Funding Account may be used for Bill Payments in Telephone Banking.

Designated Funding Account is Borrower’s Deposit Account, account number 560013164206, maintained with Capital Bank, N.A. and over which Agent has been granted control for the ratable benefit of all Lenders.

Designated Funding Account is Xxxxxxxx’s Deposit Account, ***, maintained with Xxxxx Fargo Bank, National Association and over which Agent has been granted control for the ratable benefit of all Lenders.

Designated Funding Account is Borrower’s Deposit Account, account number 0000000, maintained with Pacific Western Bank and over which Agent has been granted control for the ratable benefit of all Lenders.

Designated Funding Account is Borrower’s Deposit Account, account number [***], maintained with [***] and over which Agent has been granted a Control Agreement.

Designated Funding Account means account #2032347 at First Western Trust Bank (or such other account designated by the Borrower to the Lender in writing) into which the Term Loan will be funded on each Borrowing Date.

Designated Funding Account means account #0000000 at First Western Trust Bank (or such other account designated by the Borrower to the Lender in writing) into which the Term Loan will be funded on each Borrowing Date. “Event of Default” shall have the meaning set forth in Section 13 of this Agreement. “GAAP” means generally accepted accounting principles in the United States. “Interest Rate” shall have the meaning set forth in Section 4 of this Agreement. “Lien” means any mortgage or deed of trust, pledge, hypothecation, assignment, deposit arrangement, lien, charge, claim, security interest, easement or encumbrance, or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any title retention agreement or financing lease having substantially the same economic effect as any of the foregoing, and the filing of, or agreement to give, any financing statement perfecting a security interest under the Uniform Commercial Code or comparable law of any jurisdiction). “Loan Documents” means this Agreement and all other agreements, instruments, documents and certificates executed and delivered to, or in favor of, the Lender and including all other powers of attorney, consents, assignments and contracts whether heretofore, now or hereafter executed by or on behalf of the Borrower and delivered to the Lender in connection with this Agreement or the transactions contemplated thereby. Any reference in this Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or schedules thereto, and all amendments, restatements, supplements or other modifications thereto, and shall refer to such Loan Document as the same may be in effect at any and all times such reference becomes operative. “Material Adverse Effect” means (i) a material adverse effect on the business, operations, results of operations, assets, liabilities or financial condition of the Borrower, (ii) the material impairment of the ability of the Borrower to perform its material obligations under the Loan Documents or (iii) a material adverse effect on the rights and remedies of the Lender under the Loan Documents. “Maturity Date” means March 29, 2019. 2 “Maximum Amount” shall have the meaning set forth in Section 2(a) of this Agreement. “Period” shall have the meaning set forth in Section 11(e)(i) of this Agreement. “Person” means and includes any natural person, corporation, limited partnership, general partnership, limited liability compa...