Designated Account definition

Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

Designated Account means the Deposit Account of Administrative Borrower identified on Schedule D-1.

Designated Account has the meaning specified in Section 1.2(c).

Examples of Designated Account in a sentence

• Upon the release from the Lien of the Indenture of amounts on deposit in the Collection Account or any other portion of the Owner Trust Estate, the Paying Agent will cause such property to be properly deposited into the Designated Account pursuant to Section 5.01(a) or distributed to the Certificateholders in accordance with the provisions of this Agreement, as the case may be.

• Unless otherwise agreed by Administrative Agent and Borrowers, any Revolving Loan or Swing Loan requested by Xxxxxxxxx and made by Administrative Agent or the Lenders hereunder shall be made to the Designated Account.

• Unless otherwise agreed by Administrative Agent, Xxxxxxxxx agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Xxxxxxxxx and made by Administrative Agent or the Lenders hereunder.

• Upon satisfaction of the conditions precedents set forth in Section 4.1 hereof, each Lender shall make its portion of the Term Loan on the Closing Date by wire transfer of immediately available funds to the Designated Account.

• Unless otherwise agreed by the Lenders and Xxxxxxxx, the proceeds of the Term Loan shall be remitted by Xxxxxxx to the Designated Account.

More Definitions of Designated Account

Designated Account means the Deposit Account of Administrative Borrower identified on Schedule D-1 to this Agreement (or such other Deposit Account of Administrative Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrowers to Agent).

Designated Account means account number 000-000-000 of Borrower maintained with Lender, or such other deposit account of Borrower (located within the United States) designated, in writing, and from time to time, by Borrower to Lender.

Designated Account means (a) so long as the Administrator or one of its Affiliates is the sole Certificateholder, the account designated by such Certificateholder (which need not be under the control of the Paying Agent) and (b) at any time thereafter, the Certificate Distribution Account.

Designated Account means the Account designated by you (and which designation we have approved) for the time being for the purpose of carrying out Card Transactions.

Designated Account means account number [**] of Borrower maintained with Borrower's Designated Account Bank, or such other deposit account of Borrower (located within the United States) that has been designated, in writing and from time to time, by Borrower to Agent.

Designated Account means that certain DDA of Borrower identified on Schedule D-1.

Designated Account means, with respect to transactions in U.S. dollars for the Borrower, the account of the Borrower maintained by the Administrative Agent at the Branch of Account for the purposes of transactions in such currency under this agreement.