Disbursement Account

Disbursement Account. Means the account established by the Disbursement Agent subject to the Disbursement Agreement, into which the Purchase Price for the Purchased Mortgage Loans that are Wet-Ink Mortgage Loans shall be deposited.

Disbursement Account. Agent and Lenders hereby consent to the -------------------------- non-compliance with the provision of Section (c) of Annex C (Section 1.8) to the Credit Agreement that requires each bank where a Blocked Account or Disbursement Account is maintained and all other Relationship Banks to have entered into a tri-party blocked account agreement with Agent, for the benefit of itself and Lenders, within ninety (90) days following the Closing Date; provided, that, ... -------- ---- those few remaining banks and other Relationship Banks which have not yet so executed such a tri-party blocked account agreement enter into a tri-party blocked account agreement with Agent, for the benefit of itself and Lenders, and the applicable Borrower and Subsidiaries thereof, as applicable, in form and substance reasonably satisfactory to Agent, on or prior to June 15, 2001. View More