Dedicated Account. Except as permitted under Section 6.12(b), Seller or any other Person shall have withdrawn any amounts on deposit in the Dedicated Account without the consent of Buyer (at the written direction of the Indenture Trustee on behalf of the Noteholders) other than funds deposited or withdrawn in error.
Dedicated Account. As soon as reasonably practicable and following the Notification, the Host DGS shall select or open a Dedicated Account for that Payout. This account shall be and remain segregated from other Host DGS accounts. If more than one default occurs, separate accounts shall be opened per default. The currency of the account shall be the same as the Payout Currency. The Host DGS shall provide the Home DGS with all the necessary information (including, if applicable, bank account details – IBAN, BIC, code) about such account, promptly after receiving the notification of unavailability of deposits.
Dedicated Account. Amounts received on account of Excess Spread shall promptly, in any event within two (2) Business Days after receipt, be deposited in the Dedicated Account. Upon the Termination Date and the payment of all amounts due by Seller hereunder, all amounts on deposit in the Dedicated Account with respect to the Excess Spread shall be remitted to Seller.
Dedicated Account. Manager for each program B. 1 Dedicated Quality Manager C. 1 Dedicated on Site Program Manager for each program that Vendor provides Services. Separate programs shall be defined by Nextel.
Dedicated Account. Amounts received on account of MSRs and Portfolio Excess Spread (excluding Ancillary Income, Base Servicing Fee and Advance Reimbursement Amounts) and retained by the Seller pursuant to the related Servicing Contract or Participation Agreement, as the case may be, shall, subject to Section 6.12, promptly, in any event within two (2) Business Days after receipt, be deposited in the Dedicated Account. Prior to an Event of Default, funds deposited in the Dedicated Account (including any interest paid on such funds) may only be used in accordance with Section 6.12. On or after the occurrence of an Event of Default, amounts on deposit in the Dedicated Account may only be used in accordance with Section 6.12 and only to pay the Obligations hereunder. Upon the Termination Date and the payment of all amounts due by the Seller hereunder, all amounts on deposit in the Dedicated Account shall be remitted to the Seller.
Dedicated Account. Buyer shall establish and maintain the Dedicated Account in the form of a time deposit or demand account. Amounts received on account of MSRs, including Advance Reimbursement Amounts and Portfolio Excess Spread (including Purchased MSR Excess Spread but excluding Ancillary Income) and retained by Seller pursuant to the related Servicing Contract or Participation Agreement, as the case may be, shall, subject to Section 6.12, promptly, in any event within two (2) Business Days after receipt, be deposited in the Dedicated Account. Funds deposited in the Dedicated Account (including any interest paid on such funds) may only be used in accordance with Section 6.12 and, further, on or after the occurrence of an Event of Default may only be used to pay the Obligations hereunder. Upon the Termination Date and the payment of all amounts due by Seller hereunder, all amounts on deposit in the Dedicated Account shall be remitted to Seller.
Dedicated Account. Collections received on account of MSRs, including Advance Reimbursement Amounts and Portfolio Excess Spread, and retained by Seller pursuant to the related Servicing Contract or Participation Agreement, as the case may be, shall, subject to Section 6.12, promptly be deposited in the Dedicated Account. Funds on deposit in the Dedicated Account may be applied to satisfy the Seller’s obligation to pay the Required Payments on the related MRA Payment Date. LEGAL02/43438678v9
Dedicated Account. (a) The Servicer, the Management Company and the Custodian have entered into the Dedicated Account Agreement with the Dedicated Account Bank, in respect of the Dedicated Account. Pursuant to the Dedicated Account Agreement, the Dedicated Account is subject to a dedicated account mechanism as contemplated in Articles L. 214-173 and D. 214-228 of the Code, pursuant to which, inter alia, the Servicer and the Servicer's creditors, administrator, liquidator or other similar organ, have no right over the Collections credited to the Dedicated Account. Only the FCT has ownership rights over such sums.
(b) If, during the Revolving Period, the Dedicated Account Bank ceases to have the Dedicated Account Bank Required Ratings, the Required Credit Enhancement Percentage will increase to absorb the additional commingling risk, unless the Dedicated Account Bank is replaced by an Eligible Bank having at least the Dedicated Account Bank Required Ratings.
(c) If, after the end of the Revolving Period, the Dedicated Account Bank ceases to have the Dedicated Account Bank Required Ratings, the Servicer shall replace the Dedicated Account Bank within sixty
Dedicated Account. The Company agrees to use its commercially reasonable best efforts to raise sufficient cash to pay the Note Repurchase Amount on or prior to February 29, 2008 by taking the actions described in the Capital Raising Plan contained in memoranda entitled “Loan Participation Offering Memorandum” dated January 3, 2008, and “Confidential Financing Memorandum” dated January 9, 2008, separately provided to the Purchasers (the “Capital Raising Plan”). The Company agrees that it shall deposit funds sufficient to pay the Note Repurchase Amount received in respect of the Capital Raising Plan, when and as received, in the Dedicated Account. Until the earlier of (a) 5:01 PM CST on February 29, 2008, or (b) the Business Day following the date of the Company Tender, the Dedicated Account shall be blocked as set forth the Blocked Account Control Agreement of even date herewith with respect to the Dedicated Account (the “Blocked Account Agreement”) and the blocking letter of even date herewith (the Blocking Letter”).
Dedicated Account. Concurrently with the execution and delivery of this Agreement the parties are establishing a dedicated merchant account (the "Dedicated Account") with CardService International, Inc. ("CardService") Or other mutually acceptable credit card issuer with offices located at 6101 Condor Drive, Moorpark, CA 00000. Xxx Xxxxxxxxx Xxxxxxx xxxxx xear the name "Batman" and shall remain open during the Term of this Agreement as defined pursuant to Paragraph 9 herein. The signatories to the account shall be Rene Jimenez of Internet Solutixxx xxx Xxxxs DeLong of Taconic (the "Sxxxxxxxxxx"). No changes or amendments to the account or its terms shall be made unless with the prior written authorization of both Signatories to the account. The account shall be established solely for the Purpose of receiving the proceeds of all confirmed credit card sales of the Software Products by Insync in connection with on-line sales. The Dedicated Account documents shall provide that CardService is to remit the proceeds in accordance with the terms of and at the times provided in the Dedicated Account documents to a specially designated account maintained at The Chase Manhattan Bank (the "Chase Account") at 111 West 40th Street, New York, XX 00000, xxxxx xxxxxxx xx xxxx xxxxx xescribed in Paragraph 2 herein. Copies of The Dedicated Account and Chase Account documents shall be furnished at Closing to all of the parties herein.
