Agency Account Agreement definition

Agency Account Agreement means any account control agreement, lockbox control agreement, blocked account agreement or other similar agreement entered into by a Credit Party, the Administrative Agent and the applicable financial institution, in form and substance reasonably satisfactory to the Administrative Agent.

Agency Account Agreement means an agreement among Borrower, Lender and a Clearing Bank which designates an Agency Account for the deposit of checks and items constituting proceeds of Receivables, and establishes the terms for transferring balances therein to Lender for deposit to the Teller Account.

Agency Account Agreement means an agreement among the Borrower, the Agent and a Clearing Bank, in form and substance satisfactory to the Agent, concerning the collection and transfer of payments which represent the proceeds of Receivables or of any other Collateral.

Examples of Agency Account Agreement in a sentence

• Each Credit Party shall at all times maintain Deposit Accounts or securities accounts with depository banks or other financial institutions reasonably acceptable to the Administrative Agent and lockboxes with arrangements reasonably satisfactory to Administrative Agent and all account debtors of the Credit Parties shall be remitting payments to, or shall have been instructed to remit payments to, a Deposit Account subject to an Agency Account Agreement.

• All payments and proceeds received in a zero balance account shall be deposited or caused to be deposited into a Deposit Account subject to an Agency Account Agreement no later than one Business Day after the date of receipt thereof.

• In addition, any Deposit Account (other than an Excluded Account), securities account or lockbox established after the date hereof shall be subject to an Agency Account Agreement.

• Each Credit Party shall and shall cause each of their Subsidiaries to immediately deposit or cause to be deposited promptly, and in any event no later than one (1) Business Day after the date of receipt thereof, all payments and proceeds in respect of Collateral into such Deposit Accounts or lockbox subject to an Agency Account Agreement.

• The Borrower shall have established the ------------------------- BKB Concentration Account, and the Agent shall have received an Agency Account Agreement executed by each depository institution with a Local Account or an Interim Concentration Account.

More Definitions of Agency Account Agreement

Agency Account Agreement means an agency account agreement among the Borrower or any Domestic Subsidiary, the Agent and a financial institution in which the Borrower or such Domestic Subsidiary maintains a deposit account, in substantially the form attached hereto as Exhibit J, as amended from time to time.

Agency Account Agreement means an agreement among a Borrower, the Agent and a Clearing Bank concerning the collection of payments which represent the proceeds of Receivables or of any other Collateral.

Agency Account Agreement means any agreement (if required pursuant to ------------------------

Agency Account Agreement means an agreement entered into for the benefit of the Secured Parties with a depository institution providing a Debtor with lockbox services for the collections of its accounts, which Agency Account Agreement shall be substantially in the form of that certain Three Party Agreement Relating to Lockbox Services (with Activation) dated the date hereof among the Revolver Agent, Marketing Specialists Sales Company and Bank of America, N.A., as the same may be amended or otherwise modified, or any other agreement approved by the Revolver Agent that has the same substantive effect of such Three Party Agreement Relating to Lockbox Services (with Activation).

Agency Account Agreement has the meaning ascribed to such term in the Section 4.05

Agency Account Agreement is defined in SECTION 4.6.

Agency Account Agreement has the meaning provided in Section ------------------------ 3.1(b)(ix).