Accounts Generally. Any deposit made into any of the -------------------- Lock-Box Accounts, the Collection Account or the Spread Account hereunder shall be irrevocable, and shall be held in such account in trust by the Deal Agent hereunder, together with all interest thereon, and applied solely as provided herein.
Accounts Generally. (a) Borrower shall be responsible for payment of any federal, state or local income or other tax applicable to the interest or income earned on the Collection Accounts, the Cash Management Account and any sub-account thereof. The Cash Management Account and any sub-account thereof shall be assigned the federal tax identification number of Borrower, which is 00-000-0000. Borrower shall provide Lender, at any time upon request of Lender, with a Form W-8 or W-9 to evidence that Borrower is not subject to any back-up withholding under the Code.
Accounts Generally. You must have an Account to enroll in eBanking. You may access eBanking using a personal computer or mobile device with access to the Bank's web site at xxxx://xxx.xxxxxxxxxxxxxx.xxx (the “Website”). We reserve the right, in our sole discretion and as permitted by applicable law, to limit the availability of the Services to certain account types, IP addresses or end-user country of origin. When you enroll in the Services, accountholders must enroll under separate User IDs. It is your responsibility to notify us if a signer or other person to whom you have provided your User ID and password should no longer be given access to the eBanking. Each of your Accounts will continue to be subject to the agreement that already applies to it. Joint Account owners have the right to any information or to make any request associated with their Account. Please refer to the specific agreement governing your Accounts for more information. Additionally, each Account and your use of eBanking will be subject to the following: • the terms or instructions appearing on a screen when using eBanking; • the Banks rules, procedures and policies applicable to each Account and eBanking; • the rules and regulations of any funds transfer system (such as the payment card networks or automated clearing house network) used in connection with eBanking; and • applicable Texas and federal laws and regulations. You authorize the Bank to provide access to you to all your Accounts through eBanking. For each Account to which access is provided, consumers may request removal of such access by sending a message through the eBanking secure message system or written letter to Allegiance Bank, P.O. Box 41314, Houston, TX 77241-1314. You may access an Account on the Website to obtain balances, transaction history and other information. To access an Account or use a Service (a) consumer Bank customers must have a User ID and password and the required hardware and software as described in Section II.5., and (b) business Bank customers must have Company ID (business customers only), User ID and password and the required hardware and software as described in Section II.5. The Bank attempts to provide accurate, complete and timely Account information through the eBanking Website. Subject to the terms of this Agreement, you will generally be able to access your eligible Accounts through the Website seven (7) days a week, twenty-four (24) hours a day. At certain times, Allegiance eBanking website may not be a...
Accounts Generally. The Accounts are, and shall each be treated as, a “securities account” as such term is defined in Section 8-501(a) of the UCC or a “deposit account” as such term is defined in Section 9-102(a)(29) of the UCC, as the context may require. Each item of property (whether investment property, financial asset, securities, instrument, cash or other property) credited to the Accounts shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC. Borrower agrees that the each applicable bank shall, subject to the terms of this Agreement, treat Lender as entitled to exercise the rights that comprise any financial asset credited to the Accounts. All securities or other property underlying any financial assets credited to the Accounts (other than cash) shall be registered in the name of the applicable bank, indorsed to the such bank (or in blank) or credited to another securities account maintained in the name of the applicable bank, and in no case will any financial asset credited to any such account be registered in the name of Borrower, payable to the order of Borrower or specially indorsed to Borrower. Subject to the terms and conditions of this Agreement, the Accounts shall be under the sole dominion and control of Lender (which dominion and control may be exercised by Servicer). Lender and Servicer shall have the sole right to make withdrawals from the Accounts (without limiting the terms and conditions of this Agreement or the Clearing Account Agreement), and all out-of-pocket costs and expenses for establishing and maintaining the Accounts incurred by Lender or Cash Management Bank shall be paid by Borrower. Lender may replace the Accounts or establish new Accounts from time to time in its sole discretion, and Borrower hereby agrees that it shall take all reasonable action necessary to facilitate the transfer of the respective obligations, duties and rights of the any applicable bank to the successor thereof selected by Lender in its sole discretion. If Lender transfers or assigns the Loan, at Lender’s request, the names/beneficiaries of the Accounts may be changed by such transferee of the Loan. Funds in the Clearing Account and the Cash Management Account shall not bear interest (except, with respect to the Cash Management Account, to the extent that the Reserve Accounts are actually subaccounts of the Cash Management Account). In no event shall Lender or any Servicer be required to select any particular interest- bearing accou...
Accounts Generally. 9.7.1 The Rental Income Account and the General Account shall be denominated in sterling.
Accounts Generally. Client agrees to maintain a minimum of at least one (1) Account with Bank with funds sufficient to cover the Transfers initiated pursuant to the Services, and to cover fees required to pay for Services provided. Client agrees that only Accounts established exclusively for business purposes will be used for use of the Services and Transfers pursuant to the Agreement, and that in no event will Transfers hereunder be conducted using accounts of Client or its employees, officers, directors, members, or owners that were established primarily or used for personal, family or household purposes.
Accounts Generally. Seller has the complete and unrestricted power and the unqualified right to sell, assign and deliver the servicing of the Accounts to Buyer. Upon consummation of the transactions contemplated by this Agreement, Buyer will acquire the right to service the Accounts free and clear of any Liens and there exists no restriction to Seller on the use or transfer of the Accounts to Buyer. No Person other than Seller has any right or interest in the Accounts, including the right to grant interests in Accounts to third parties. No restrictions will exist as of the Closing Date that would operate to restrict Buyer’s right to resell the servicing of the Accounts.
Accounts Generally. (a) Funds on deposit in each Transaction Account shall be invested by the Transaction Account Bank in Permitted Investments at the direction of Seller. Such investments made at any time will mature so that funds will be available for withdrawal no later than the following Settlement Date. All earnings on such investment during any such Settlement Period shall be deemed to be Available Funds on the related Settlement Date.
Accounts Generally. The Lockbox Account and the Cash Management Account shall be subject to the additional terms and conditions set forth in Article 12 hereof.
Accounts Generally. With respect to Accounts (other than Equipment Accounts) with a combined value in excess of ten percent (10%) of all of Borrowers’ Accounts (other than Equipment Accounts) then outstanding, no Borrower shall (a) grant any material extension of the time of payment thereof, (b) to any material extent, compromise, compound or settle the same for less than the full amount thereof, (c) release, wholly or partly, any Person liable for the payment thereof, or (d) allow any credit or discount whatsoever thereon other than trade discounts granted by such Borrower in the ordinary course of business of such Borrower.
