Assignment of Deposit Account definition

Assignment of Deposit Account means that certain Assignment of Deposit Account executed by Borrower in favor of Lender with respect to the Money Market Account and dated as of even date herewith.
Sample 1Sample 2
Assignment of Deposit Account means the Assignment of Deposit Account dated as of the date of this Agreement, executed by Borrower with respect to the Debt Service Reserve Account.
Sample 1Sample 2

Examples of Assignment of Deposit Account in a sentence

  • The word "Agreement" means this Assignment of Deposit Account, as this Assignment of Deposit Account may be amended or modified from time to time, together with all exhibits and schedules attached to this Assignment of Deposit Account from time to time.

  • This includes the Deposit Account that is the subject of the Assignment of Deposit Account between EHS and the bond purchaser (the “Reserve Account”).

  • Prior to or concurrently with the execution of this Agreement, Borrower shall open Borrower’s Primary Operating Account with Lender and execute that certain Security Agreement (Assignment of Deposit Account), in favor of Lender (the “Assignment of Deposit Account Agreement”), which shall assign Borrower’s Primary Operating Account to Lender as security for the Obligations.

  • This Security Agreement (Assignment of Deposit Account) (“Agreement”) is the “Assignment of Deposit Account Agreement” described in that certain Revolving Loan and Security Agreement dated April 10, 2012 , by and between Assignor and Lender (together with any and all amendments, modifications or supplements thereto, the “Loan Agreement”), and the Deposit Account is the “Borrower’s Primary Operating Account” described in the Loan Agreement.

  • As security for repayment of the Loan and for all indebtedness owing by Borrower to Lender, Pledgor has granted to Lender a security interest in the Certificate of Deposit Account Number XXXXXX3215, pursuant to the Assignment of Deposit Account agreement dated April 11, 2001 (the "Pledge Agreement").

  • Prior to or concurrently with the execution of this Agreement, Borrower shall execute and deliver to Lender the Assignment of Deposit Account Agreement, which shall assign Borrower’s Primary Operating Account to Lender as security for the Obligations.

  • Repayment of the indebtedness is secured by three Security Agreements, each, dated October 28, 1994 (each, the "Security Agreement"), executed by Agro Dynamics and Agro Canada and EcoScience Corporation (the "Pledgor"); two Stock Pledge Agreements, each dated October 28, 1994 (each, the "Pledge Agreement"), one executed by Pledgor and one executed by Agro Dynamics and an Assignment of Deposit Account dated October 5, 1995 (the "Assignment"), executed by Pledgor.

  • In addition to and not in limitation of other rights of Lender to payment, twenty-five (25) percent of all deposits received into the Account (as defined in the Assignment of Deposit Account described above) will be applied to the operating line of credit and seventy-five (75) percent will remain in the borrowers operating deposit account.

  • To the extent not entered into and delivered to the Collateral Agent at Closing, each Pledgor shall enter into and deliver to the Collateral Agent an Assignment of Deposit Account Agreement in respect of each account listed in Schedule 3.4(b) hereto (other than Excluded Deposit Accounts) within 30 Business Days after the Closing Date (or such longer period as may be agreed to by the Collateral Agent); provided, that such deadline may be extended by the Collateral Agent in its sole discretion.

  • Borrower may not prepay the principal sum except as is otherwise provided for in that certain Prepayment Addendum executed as of February 16, 2007 by and between Lender and Borrower, and the Assignment of Deposit Account dated February 16, 2007.

Related to Assignment of Deposit Account

  • Security Deposit Account has the meaning given in Section 5.1.

  • 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”.

  • Deposit Account Control Agreement means each deposit account control agreement among a Borrower, the Administrative Agent and the Account Bank, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time.

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

  • 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.

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

  • 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, and has such other terms and conditions as Agent may require.

  • 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.

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

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

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

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

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Cash Management Account Bank and Lender providing for the exclusive control of the Cash Management Account and all other Subaccounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Account Control Agreement(s) means any agreement entered into by and among the Agent, Borrower and a third party bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which perfects Agent’s first priority security interest in the subject account or accounts.

  • Control Agreements means, collectively, the Deposit Account Control Agreement, the Securities Account Control Agreement and the Commodity Account Control Agreement.

  • Account Control Agreement means the Account Control Agreement among the Borrower, as debtor, the Collateral Agent, as secured party, and State Street Bank and Trust Company, as depository bank and Securities Intermediary, dated on or about the date hereof.

  • 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.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.

  • 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.

  • 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.

  • 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.

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.