Common use of Nature of Accounts Clause in Contracts

Nature of Accounts. Each Collection Account constitutes a “deposit account” within the meaning of the applicable UCC.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Oncor Electric Delivery Co LLC), Receivables Financing Agreement (Oncor Electric Delivery Co LLC), Receivables Purchase Agreement (Avantor, Inc.)

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Nature of Accounts. Each The Collection Account constitutes a “deposit account” within the meaning of the applicable UCC.. (ii)

Appears in 4 contracts

Samples: Loan and Security Agreement (Bird Global, Inc.), Loan and Security Agreement (Bird Global, Inc.), Loan and Security Agreement (Bird Global, Inc.)

Nature of Accounts. Each of the Collection Account and the Reserve Account constitutes a “deposit account” within the meaning of the applicable UCC.. (ii)

Appears in 3 contracts

Samples: Loan and Security Agreement (Bird Global, Inc.), Loan and Security Agreement (Bird Global, Inc.), Loan and Security Agreement (Bird Global, Inc.)

Nature of Accounts. Each of the Collection Account and the Interest Reserve Account constitutes a “deposit account” within the meaning of the applicable UCC.

Appears in 2 contracts

Samples: Credit and Security Agreement (Bausch Health Companies Inc.), Credit and Security Agreement (Bausch Health Companies Inc.)

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Nature of Accounts. Each Collection Account constitutes a “deposit account” within the meaning of the applicable UCC.. (ii)

Appears in 1 contract

Samples: Receivables Purchase Agreement (Avantor, Inc.)

Nature of Accounts. Each of the Collection Account and the Reserve Account constitutes a “deposit account” within the meaning of the applicable UCC.

Appears in 1 contract

Samples: Loan and Security Agreement (Bird Global, Inc.)

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