Account Rights definition

Account Rights means all Accounts and all right, title and interest in any returned goods, together with all rights, titles, securities and guarantees with respect thereto, including any rights to stoppage in transit, replevin, reclamation and resales, and all related security interests, liens and pledges, whether voluntary or involuntary, in each case whether now existing or owned or hereafter arising or acquired.
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Account Rights shall have the meaning assigned to such term in Section 2.3 hereof.
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Account Rights means any and all rights and claims (vorderingsrechten) (including any right of recourse (regres) or subrogation (subrogatie)) whether present or future, whether actual or contingent, of the Pledgor against an Account Bank in respect of any Collection Account.
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Examples of Account Rights in a sentence

  • To the extent required to execute and deliver a valid right of pledge on the [GSA Rights / Swap Rights / CBC Account Rights], the right of pledge thereon will be established each time the [GSA Rights / Swap Rights / CBC Account Rights] come into existence.

  • The creation of the right of pledge on the [GSA Rights / Swap Rights / CBC Account Rights] shall be effected by notification to the [New Transferor / Swap Counterparty / CBC Account Bank] and is hereby notified.

  • By signing this Deed each of the CBC and the [New Transferor / Swap Counterparty / CBC Account Bank] confirms that notification of this Deed and the pledge of the [GSA Rights / Swap Rights / CBC Account Rights] has been made in accordance with Article 3:236 paragraph 2 of the Dutch Civil Code.

  • All obligations of the Issuer to the Noteholders are limited in recourse as set out in the Conditions, which include a limitation to the effect that Noteholders will have a claim (verhaalsrecht) in respect of the Issuer's assets (including the Mortgage Receivables, the Issuer Account Rights and the Issuer Rights) subject to the Security only.

  • Spread Account; Rights of the Certificateholder The trust will establish a spread account on the closing date for the benefit of the noteholders and the insurer.

  • Notwithstanding any other term or provision contained herein or in the Consulting Contract, only Borrower shall have the authority to make withdrawals from or exercise any other rights (collectively, the "Account Rights") with respect to Project Dominion Account; provided that in accordance with Sections 3.2 and 5.2 hereof, Lakes may revoke such rights of Borrower to make withdrawals and transfers from the Project Dominion Account.

  • To the extent required to execute and deliver a valid right of pledge of the [GSA Rights / Swap Rights / CBC Account Rights], the right of pledge thereof will be established each time the [GSA Rights / Swap Rights / CBC Account Rights] come into existence.

  • The creation of the right of pledge of the [GSA Rights / Swap Rights / CBC Account Rights] shall be effected by notification to the [New Transferor / Swap Counterparty / CBC Account Bank] and is hereby notified.

  • By signing this Deed each of the CBC and the [New Transferor / Swap Counterparty / CBC Account Bank] confirms that notification of this Deed and the right of pledge of the [GSA Rights / Swap Rights / CBC Account Rights] has been made in accordance with Article 3:236 paragraph 2 of the Dutch Civil Code.

  • The Borrower acknowledges that the Lender, at the Borrower’s expense, has the right to perform and/or appoint a third party to perform, continuing due diligence reviews with respect to the Depositor Reserve Account Rights and the other Collateral, for purposes of verifying compliance with the representations, warranties, and specifications made hereunder and under the other Facility Documents, or otherwise.


More Definitions of Account Rights

Account Rights means any and all rights and claims (vorderingsrechten) whether present or future, whether actual or contingent, of each Pledgor with respect to or against the Account Bank in respect of any Account maintained by such Pledgor or in respect of any other deposit made by such Pledgor with the Account Bank.
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Related to Account Rights

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Direct Rights means the rights referred to in Clause 2.1 (Direct Rights - Creation);

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Controlled Deposit Account means each Deposit Account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Controlled Accounts means the Collection Account and the Unfunded Exposure Account.

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Investment Property Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, or (as the case may be) apply any value distributed on account of any commodity contract as directed by Agent, in each case, without the further consent of such Borrower or Guarantor and including such other terms and conditions as Agent may require.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Account Records is defined in Section 1(a)(i) of the Administration Agreement.

  • Contract Rights means all rights of any Assignor under each Contract, including, without limitation, (i) any and all rights to receive and demand payments under any or all Contracts, (ii) any and all rights to receive and compel performance under any or all Contracts and (iii) any and all other rights, interests and claims now existing or in the future arising in connection with any or all Contracts.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Supporting Obligations means supporting obligations (as such term is defined in the Code), and includes letters of credit and guaranties issued in support of Accounts, Chattel Paper, documents, General Intangibles, instruments or Investment Property.

  • Series Accounts means, collectively, the Finance Charge Account, the Principal Account, the Principal Accumulation Account, the Distribution Account, the Reserve Account and the Spread Account.