Loan Accounts definition
Loan Accounts shall have the meanings ascribed thereto in Section 4.5.
Loan Accounts has the meaning set forth in Section 2.5.
Examples of Loan Accounts in a sentence
BNY will utilize one or more Loan Accounts (i) to accept funds received in respect of a Loan and (ii) forward such collected funds to BNY for deposit into the custody account of the applicable Fund established with the BNY pursuant to the Global Custody Agreement between BNY and the applicable Fund (the “Custody Account”).
Funds received into the Loan Accounts prior to 4:00pm Central Standard Time on any business day will be transferred to the corresponding Custody Account on that business day and funds received after 4:00 pm Central Standard Time will be transferred by the following business day.
BNY shall, in connection with its provision of the Loan Administration Services, establish and maintain one or more Loan Accounts.
More Definitions of Loan Accounts
Loan Accounts means the Accounts controlled by Lender established after an occurrence of an Event of Default, any Account controlled by Lender in which Borrower has deposited funds (e.g., Interest Reserve Account) and any other securities or deposit Accounts required to be maintained pursuant to this Agreement or the other Loan Documents.
Loan Accounts means one or more loan accounts maintained by Administrative Agent for Borrower in the ordinary course of business, and each, a “Loan Account.”
Loan Accounts. The entries made in the accounts maintained by each Bank in accordance with its usual practice shall be prima facie evidence of the existence and amounts of the obligations of the Borrower recorded in them.
Loan Accounts have the respective meanings set forth in Section 2.10.
Loan Accounts is defined in Section 2.1.4.
Loan Accounts has the meaning specified therefor in Section 2.9 of the Agreement.
Loan Accounts means each of the Revolving Loan Accounts, the Money Market Loan Accounts and the Swingline Loan Account.