Excluded Accounts means (a) deposit accounts specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Person’s employees and (b) deposit accounts with deposits at any time in an aggregate amount not in excess of $2,000,000 for all such accounts.
Excluded Accounts has the meaning assigned to such term in the Security Agreement.
Excluded Accounts means (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) xxxxx cash accounts funded in the ordinary course of business, (d) escrow, fiduciary or trust accounts, (e) designated disbursement accounts and non-U.S. bank accounts and (f) the funds or other property held in or maintained in any such account identified in clauses (a) through (e).
Examples of Excluded Accounts in a sentence
The Excluded Assets listed on Section 1.2 of the Seller Disclosure Schedule shall include, but shall not be limited to, all Excluded Accounts Receivable, listing (i) all parties, (ii) amounts owed, and (iii) a detailed description of the Company’s performance underlying the receivable.
More Definitions of Excluded Accounts
Excluded Accounts has the meaning set forth in Section 5.14(b).
Excluded Accounts is defined in Section 5.5.
Excluded Accounts is defined in Section 6.6(b).
Excluded Accounts shall have the meaning assigned to such term in Section 5.12(a).
Excluded Accounts means, (A) payroll and other employee wage and benefit accounts, (B) tax accounts, including, without limitation, sales tax accounts, (C) escrow accounts, (D) fiduciary or trust accounts and (E) Immaterial Accounts and, in the case of clauses (A) through (E), the funds or other property held in or maintained in any such account.
Excluded Accounts means any (a) zero balance payroll, withholding tax and other fiduciary accounts of any Group Member and (b) other deposit accounts of any Group Member that in the aggregate do not hold more than $250,000 on an overnight basis.
Excluded Accounts means deposit or securities accounts maintained solely as tax accounts, payroll accounts, escrow accounts, trust accounts, operational disbursements accounts, xxxxx cash accounts or flexible spending and other benefits and healthcare accounts (including healthcare claims funding accounts).