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 any agreement (if required pursuant to Section 10.1(a)) among Borrower, Agent and a Clearing Bank, in form and substance satisfactory to Agent, which designates an Agency Account for the deposit of checks and items constituting proceeds of Receivables or any other Collateral, and establishes the terms for transferring balances therein to Agent.

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

• This form must be read and signed by the organization’s president and advisor, and must be submitted with the completed Agency Account Agreement.

• In addition, the University will meet all regulatory reporting requirements pertaining to such activity, including the inclusion of the financial activity in tax filings (i.e. UBIT).• All registered student organizations must maintain an Agency Account Agreement with the ASI.• ASI should adhere to Campus policies and procedures related to handling and processing cash and cash equivalents as practicable, considering relative risk to ensure assets are protected and accurately processed.

• Mayor DeVore stated he attended Fire Authority and they approved the budget.

• None of the Borrowers will, and none will permit any of its Subsidiaries to, (i) violate directly or indirectly an Agency Account Agreement or other bank agency or lock box agreement in favor of the Agent for the benefit of the Lenders and the Agent with respect to such account or (ii) deposit into any of the payroll accounts listed on Schedule 8.22 any amounts in excess of amounts necessary to pay current payroll obligations from such accounts.

• Eligible Cash Equivalents means, at any time, all Cash Equivalents on deposit with Agent or any Lender which are subject to an Agency Account Agreement.

More Definitions of Agency Account Agreement

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 and establishing “control” of the relevant deposit account (within the meaning of Section 9-104 of the UCC) in favor of the Administrative Agent.

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

Agency Account Agreement is defined in SECTION 4.6.

Agency Account Agreement is defined in Section 8.1.12.