Nature of Lock-Box Accounts Sample Clauses

Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a “deposit account” within the meaning of the applicable UCC.
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Nature of Lock-Box Accounts. Each U.S. Collection Account constitutes a “deposit account” within the meaning of the applicable UCC.
Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a bank, deposit or similar account in which cash proceeds are deposited or held and each Lock-Box Account located in the United States of America constitutes a “deposit account” within the meaning of the applicable UCC.
Nature of Lock-Box Accounts. Each Lock-Box Account constitutes a “deposit account” within the meaning of the applicable UCC. 740811803 17540157

Related to Nature of Lock-Box Accounts

  • Operating Accounts (a) Maintain its primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates.

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