Examples of Approved Deposit Account in a sentence
The Company shall, and shall cause each of the Subsidiary Guarantors, to instruct (or, with respect to General Intangibles, use commercially reasonable efforts to instruct) each Account Debtor with a principal place of business located in the jurisdictions permitted in clause (f) of the definition of “Eligible Receivables” obligated to make a payment to any of them under any Account or General Intangible to make payment, or to continue to make payment, to an Approved Deposit Account.
No later than the third (3rd) Business Day following the date of receipt by Holdings or any of its Restricted Subsidiaries of any Net Cash Proceeds in respect of any Extraordinary Receipt in excess of $[DOLLAR AMOUNT REDACTED] (it being understood that such Net Cash Proceeds shall be promptly deposited into an Approved Deposit Account), the Borrowers shall prepay the Loans as set forth in Section 2.12(b) in an aggregate amount equal to [PERCENTAGE REDACTED]% of such Net Cash Proceeds.
By way of security for the obligations you owe us under the Terms and Conditions, you agree to give us rights of set-off against the Approved Deposit Account.
In our setting, a lower support in the Delay case compared to the No Delay case implies buyers value 30 points earned today more than 60 points to be earned in a week.
So long as any of the Secured Moneys remain unpaid you acknowledge that we are not required to repay moneys standing to the credit of the Approved Deposit Account and undertake not to attempt to assign your property in the money standing to the credit of the Approved Deposit Account and/or any interest accruing on that money.