Recourse Accounts Sample Clauses

Recourse Accounts. (a) It is the intention of the parties that the Program be available to provide financing to those LESCO commercial customers qualifying for the Program for the purchase of goods and services from LESCO. The foregoing notwithstanding, LESCO acknowledges and agrees that Bank shall have sole discretion over the establishment and application of the credit criteria used to approve or decline prospective Accountholders and that such credit criteria will be the primary basis upon which Bank will determine whether the credit applications of prospective Accountholders will be approved or declined. In any case in which Bank has declined an application for an Account, but the applicant meets the following criteria:
Sample 1
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Recourse Accounts. The Bank and the Company hereby agree to establish a program (the “Recourse Program”) that may, in accordance with the terms and subject to the conditions set forth in Schedule 13.01, apply to certain Accounts which the Bank would not otherwise approve under the Underwriting and Credit Policy.
Sample 1
Recourse Accounts. Accounts and accounts receivable of the Borrower and ------------------ its subsidiaries for which the credit risk for non-payment has not been wholly assumed by a factor or other Person; to the extent that the Borrower or its Subsidiaries retains any credit risk with respect to such account or account receivable, whether fixed or contingent, such account or account receivable shall be deemed a Recourse Account.
Sample 1
Recourse Accounts. See Section 2.1.2.
Sample 1

Related to Recourse Accounts

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • Cash Accounts, Deposits and Money Movements Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction.

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

  • Reserve Accounts All reserves, escrows and deposit accounts required under the Loan Documents and all cash, checks, drafts, certificates, securities, investment property, financial assets, instruments and other property held therein from time to time and all proceeds, products, distributions or dividends or substitutions thereon and thereof;

  • Management Accounts The Management Accounts:

  • Suspense Accounts Any money received in connection with this Guarantee (whether before or after any Incapacity of the Borrower or the Guarantor) may be placed to the credit of a suspense account with a view to preserving the rights of the Bank to prove for the whole of its claims against the Borrower or any other person liable or may be applied in or towards satisfaction of such of the Guaranteed Liabilities as the Bank may from time to time conclusively determine in its absolute discretion.

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

  • Separate Accounts The trustee shall maintain within the trust fund a separate account for each Agricultural Contractor that signs the trust agreement to hold deposits made pursuant to this article.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

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