Deposit of Funds Advanced. The Borrower shall open and maintain a checking account with Wells Fargo Bank, N.▇. (▇he "Loan Checking Account"). Except as otherwise provided for in Section 3.4 and 3.5 hereof, the Agent shall deposit the proceeds of each Advance into the Loan Checking Account.
Appears in 2 contracts
Sources: Construction Loan Agreement (Walden Residential Properties Inc), Construction Loan Agreement (Walden Residential Properties Inc)