Common use of Nature of Collection Accounts Clause in Contracts

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

Appears in 76 contracts

Samples: Receivables Financing Agreement (BrightView Holdings, Inc.), Receivables Financing Agreement (Concentrix Corp), Receivables Purchase Agreement (Kinetik Holdings Inc.)

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Nature of Collection Accounts. Each As of the date each Collection Account is established, such Collection Account constitutes a “deposit account” within the meaning of the applicable UCC.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Warner Bros. Discovery, Inc.), Receivables Purchase Agreement (Warner Bros. Discovery, Inc.), Receivables Purchase Agreement (Warner Bros. Discovery, Inc.)

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

Appears in 3 contracts

Samples: Receivables Financing Agreement (Owens & Minor Inc/Va/), Receivables Financing Agreement (Owens & Minor Inc/Va/), Receivables Financing Agreement (Owens & Minor Inc/Va/)

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

Appears in 3 contracts

Samples: 756399172 Receivables Purchase Agreement (Rackspace Technology, Inc.), Financing Agreement (Davey Tree Expert Co), Version Receivables Financing Agreement (Applied Industrial Technologies Inc)

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

Appears in 2 contracts

Samples: Receivables Financing Agreement (Rackspace Technology, Inc.), Receivables Financing Agreement (Rackspace Technology, Inc.)

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Nature of Collection Accounts. Each Collection Account constitutes a “deposit account” within the meaning of Section 9-102 of the applicable UCC.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Synchronoss Technologies Inc)

Nature of Collection Accounts. Each As of the date each Collection Account is established, such Collection Account constitutes a “deposit account” within the meaning of the applicable UCC.. (ii)

Appears in 1 contract

Samples: Receivables Purchase Agreement (Warner Bros. Discovery, Inc.)

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