Account Grantor definition

Account Grantor means the Seller;
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Account Grantor means any Person who is or who may become obligated to Grantor under, with respect to or on account of an Account.
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Account Grantor as defined in the NYUCC.
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Examples of Account Grantor in a sentence

  • Grantor agrees that the Proceeds Account shall be a blocked account and that upon the irrevocable deposit of funds into the Proceeds Account, Grantor shall not have any right of withdrawal with respect to such funds.

  • With respect to any Uncertificated Security included in the Collateral (other than any Uncertificated Securities credited to a Securities Account), Grantor shall cause the issuer of such Uncertificated Security to notify the Lender of any Uncertificated Security included in the Collateral.

  • Unless such premiums are deposited in the Tax and Insurance Escrow Account, Grantor shall pay or cause Manager to pay the premiums for the Policies (the “Insurance Premiums”) as they become due and payable.

  • If at any time Grantor shall take and perfect a security interest in any property to secure payment and performance of an Account, Grantor, upon the request of the Secured Party, shall promptly assign such security interest to the Secured Party, subject to the rights of any other secured party having rights senior to the Secured Party.

  • To the knowledge of the Grantor, no Account Grantor has any material defense, set off, claim or counterclaim against the Grantor which can be asserted against the Collateral Agent whether in a proceeding to enforce the Collateral Agent's rights in the Collateral or otherwise.

  • In any suit, proceeding or action brought by the Agent or any Lender under any Account for any sum owing thereunder, or to enforce any provisions of any Account, Grantor will save, indemnify and keep harmless and defend the Agent and such Lender from and against all expense, loss or damage suffered by reason of any defense, setoff, counterclaim, recoupment or reduction or liability whatsoever of the account debtor thereunder, arising out of a material breach by Grantor of any obligation thereunder.

  • If Grantor has delivered Mortgage Escrow Security in lieu of maintaining the Mortgage Escrow Account, Grantor shall either deposit in the Mortgage Escrow Account not less than three (3) Business Days prior to the date the same are due an amount sufficient to pay such Impositions, or Beneficiary shall draw down on the Mortgage Escrow Security in such amount.

  • All references to the term “Grantor” [an Account Grantor] [an Additional Grantor] [and/or Pledgor] in each Company Security Document, or in any document or instrument executed and delivered or furnished, or to be executed and delivered or furnished, in connection therewith shall be deemed to be references to, and shall include, the Company as of and after the date hereof.

  • Collection of Mortgage Loan Payments; Certificate Account; Distribution Account; Grantor Trust Distribution Accounts......................................................59 Section 3.07.

  • With respect to each Whole Loan in the Trust Account, Grantor shall cause the servicer to separately designate the Servicing File from other documents held by the servicer for the benefit of the Grantor.

Related to Account Grantor

  • Grantor means each and all of the persons or entities granting a Security Interest in any Collateral for the Loan, including without limitation all Borrowers granting such a Security Interest.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.