Agent Deposit Account definition

Agent Deposit Account as defined in Section 2.21(c).
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Agent Deposit Account has the meaning set forth in Section 2.3(d) hereof.
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Agent Deposit Account has the meaning set forth in Section 2.3(e) hereof.
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Examples of Agent Deposit Account in a sentence

  • So long as no Event of Default shall have occurred and be continuing, if funds remain in the Agent Deposit Account following the application provided for in the preceding sentence, the balance will be promptly transferred to the Agent Disbursement Account.

  • Agent shall, at the close of business on each Business Day, automatically debit the Agent Deposit Account and apply the proceeds against the Loans and other Obligations pursuant to the provisions of Section 2.7(b).

  • Within sixty (60) days after the Closing Date (or such extended period of time as agreed to by the Administrative Agent), the Administrative Agent shall have received, in form and substance reasonably satisfactory to the Administrative Agent, Deposit Account Control Agreements and Securities Account Control Agreements with respect to each account required to be subject to such agreement pursuant to Section 6.13.

  • All deposits to the Agent Deposit Account shall be the property of Agent for the benefit of Lenders and shall not be commingled with Borrower's other funds or be deposited in any bank account of Borrower, or used in any manner except to pay the Obligations.

  • The crediting of items deposited in the Agent Deposit Account to the reduction of the Loans shall be conditioned upon final payment of the item and if any item is not so paid, the amount of any credit given for it may be charged to the Loans or to any other deposit account of Borrower, whether or not the item is returned.

  • Fail, within ten days following the opening of each such account, to execute and deliver to the Administrative Agent Deposit Account Agreements granting Liens in the Operating Accounts.

  • All deposits to the Agent Deposit Account shall be the property of Agent for the benefit of Lenders and shall not be commingled with Borrowers' other funds or be deposited in any bank account of any Borrower, or used in any manner except to pay the Obligations.

  • The crediting of items deposited in the Agent Deposit Account to the reduction of the Loans shall be conditioned upon final payment of the item and if any item is not so paid, the amount of any credit given for it may be charged to the Loans or to any other deposit account of a Borrower, whether or not the item is returned.

  • The Originators shall not take or permit any actions that would cause any funds other than Collections on Pool Receivables and other Collateral to be deposited into any Interim Deposit Account, Designated Deposit Account, Controlled Account or Agent Deposit Account.

  • Each Grantor has executed and delivered to the Administrative Agent Deposit Account Control Agreements for each Deposit Account and related lockbox maintained by such Grantor into which all cash, checks or other similar payments relating to or constituting payments made in respect of Receivables are or will be deposited (a “Collateral Deposit Account”), which Collateral Deposit Accounts, as of the First Amendment Effective Date, are identified as such on Exhibit B-I.


More Definitions of Agent Deposit Account

Agent Deposit Account means the following deposit account (or such other deposit account as Agent may from time to time designate as the “Agent Deposit Account” in writing): Capital One, National Association 0000 Xxxxxxx Xxx Xxxxx XxXxxx, Virginia 22102 Account: 2081347541 ABA: 000000000 Account Name: Security ABL Loan Collections Accounts Aggregate Commitment shall mean the aggregate of the Commitments of each of the Banks party hereto, as such Commitments may be decreased in accordance with Section 2.1.2 or terminated in accordance with this Agreement and shall be automatically reduced to zero upon the Expiration Date. Agreement shall mean this Credit Agreement, as the same may be supplemented or amended from time to time, including all schedules and exhibits. Allocable Amount shall have the meaning assigned to that term in Section 10.22.3. Annual Statements shall have the meaning assigned to that term in Section 5.1.9(i). Anti-Terrorism Law shall mean the Laws referred to, directly or indirectly, in Sections 7.1.15, 10.19 and 10.20. Applicable Margin shall mean, with reference to Loans to which the Base Rate applies or the LIBO-Rate applies, an amount in excess of the Base Rate or LIBO-Rate, as appropriate, according to the table set forth below: 3.25 % 2.25 % 3.25 % Assignment and Assumption Agreement shall mean an Assignment and Assumption Agreement by and among a Purchasing Bank, a Transferor Bank and Agent, as Agent and on behalf of the remaining Banks, substantially in the form of Exhibit 1.1(A). Attrition Rate shall mean, as of any date of determination, the annualized ratio, using Dollars, of RMR for the Recurring Service Contracts in question and expressed as a percentage as follows in respect of the Loan Parties’ business of the following (x) and (y), each without duplication:
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Agent Deposit Account has the meaning specified in Section 2.19(c). “Agent Parties” has the meaning specified in Section 10.02(b). “Agent-Related Distress Event” means, with respect to the Administrative Agent or any Person that directly or indirectly Controls the Administrative Agent (each, a “Distressed Agent-Related Person”), a voluntary or involuntary case with respect to such Distressed Agent-Related Person under any Debtor Relief Law, or a custodian, conservator, receiver or similar official is appointed for such Distressed Agent-Related Person or any -3
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Related to Agent Deposit Account

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • 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.

  • 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.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • 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.

  • Controlled Deposit Account means a Deposit Account that is subject to a Deposit Account Control Agreement.

  • Security Deposit Account has the meaning given in Section 2.3.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • 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.

  • Agent Account means such account of the Administrative Agent in New York, New York as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,799,999.80.

  • 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).

  • Deposit Account Control Agreements means the deposit account control agreements or blocked account agreements in a form that is reasonably satisfactory to the Agent to be executed by each institution maintaining a deposit account or securities account for any of the Credit Parties, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations to the extent required by Section 4.14(g) or any other provision of this Agreement or any Other Document.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

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

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,259,446.66.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • 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.

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

  • 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.