Purchaser Deposit Account Sample Clauses

Purchaser Deposit Account. Maintain or instruct Construction Receiver’s Counsel to maintain a separate trust account for Purchaser Deposits in respect of the Leslieville Project with the Administrative Agent during the term of this Agreement and cause all Purchaser Deposits in respect of the Leslieville Project to be deposited to and all releases of Purchaser Deposits in respect of the Leslieville Project to be paid from such trust account; and
Sample 1
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Purchaser Deposit Account. On or prior to the New Closing Date, the Collection Agent, for the benefit of the Beneficiaries, shall establish and maintain or cause to be established and maintained in the name of the Seller, for the benefit, and under the sole dominion and control of the Agent, with a financial institution acceptable to the Agent a segregated non-interest bearing deposit account and a corresponding lock-box (such lock-box being the "Purchaser Lock-Box", such account being the "Purchaser Deposit Account" and such institution holding such account being the "Purchaser Deposit Account Bank"), such account bearing a designation clearly indicating that the funds deposited therein are held by the Agent for the benefit of the Beneficiaries and entitled "Citicorp North America, Inc., as Agent - Purchaser Deposit Account for the Rite Aid Receivables Purchase Agreement". All Collections received in the Purchaser Lock-Box shall immediately be deposited into the Purchaser Deposit Account. The Agent shall possess all right, title and interest in and to all funds from time to time on deposit in the Purchaser Deposit Account and in all proceeds thereof. The Purchaser Deposit Account shall be under the sole dominion and control of the Agent for the benefit of the Beneficiaries, and neither the Seller, nor any Person claiming by, through or under the Seller, shall have any right, title or interest in, or any right to withdraw any amount from, the Purchaser Deposit Account. Except as expressly provided in this Agreement, the Collection Agent agrees that it shall have no right of set-off or banker's lien against, and no right to otherwise deduct from, any funds held in the Purchaser Deposit Account for any amount owed to it by any Beneficiary. After the Obligor Notification Date, the Collection Agent shall cause Collections from Persons other than Governmental Entities to be deposited directly into the Purchaser Deposit Account on each Business Day. The Collection Agent shall cause all Collections in the Originator Deposit Account to be deposited to the Purchaser Deposit Account as promptly as possible and in any event no later than the day on which such Collections become available funds in the Originator Deposit Account. The Seller will require each Originator to deliver (via overnight courier or wire transfer, as the case may be) any Collections received by it to the Purchaser Lock-Box or deposit any Collections received by it into the Purchaser Deposit Account, within one Business Day...
Sample 1

Related to Purchaser Deposit Account

  • Deposit Account (a) On or prior to the Closing Date, the Issuer shall cause the Servicer to establish and maintain, in the name of the Indenture Trustee, for the benefit of the Noteholders and the Certificateholders, the Deposit Account as provided in Section 5.01 of the Sale and Servicing Agreement.

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Deposit Account Payments Subsection (b) is amended to read as follows:

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Deposit Account Transactions (a) The Bank or its Subcustodians will make payments from the Deposit Account upon receipt of Instructions which include all information required by the Bank.

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement) maintained by each Pledgor, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

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