Borrower Bank Accounts definition

Borrower Bank Accounts or "Accounts" means the Borrower Sterling Account, the Borrower Yen Account and the Borrower Euro Account or any one or more of them as the context may require (and any renewal or redesignation of such accounts) maintained with the Account Bank, the Irish Bank Accounts and any other bank accounts as the Borrower may open and maintain from time to time in accordance with the Bank Agreement and notified to the Agent and the Lenders.
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Borrower Bank Accounts as defined in Section 7.2(g) hereof. Borrowing Base: with respect to an Eligible Note Receivable, an amount equal to 85% of the unpaid principal balance of such Eligible Note Receivable Borrowing Base Certificate a certificate prepared by Borrower substantially in the form and substance of Exhibit S, attached hereto. Borrowing Base Shortfall: at any time, the amount by which the unpaid principal balance of the Loan exceeds the aggregate then applicable Borrowing Base of all Eligible Notes Receivable assigned to Lender. Borrowing Term: the period commencing on the Effective Date and ending on June 30, 2018. Business Day: every day on which Lender's offices in the state of Arizona are open to the public for carrying on substantially all its business functions or any day which is not a Saturday or Sunday or a legal holiday under the laws of the State of Missouri, State of Florida or the United States.
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Borrower Bank Accounts as defined in Section 7.2(g) hereof.
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Examples of Borrower Bank Accounts in a sentence

  • Holdings and the Borrower will at all times cause all cash and Permitted Investments owned or held by Holdings, the Borrower or any Subsidiary to be held only in Borrower Bank Accounts and in securities accounts over which no Affiliate of the Borrower (other than a Subsidiary Loan Party or, in the case of cash and Permitted Investments of Foreign Subsidiaries, Foreign Subsidiaries) has any interest or claim.

  • To further secure the payment and Performance of the Obligations, Borrower hereby grants to Lender a security interest in the Borrower Bank Accounts.

  • All moneys received by the Agent pursuant to such payments from the Borrower Bank Accounts shall be held by the Agent on trust for the Lenders until such time as the Agent pays those funds on to the Lenders for application in accordance with the provisions of Clause 8.3 (Priority of Payments).

  • On the Business Day following deposit into the Borrower Collection Account of monies referred to above, all amounts standing to the credit of the Borrower Collections Account will be transferred into a Dirham bank account in the name of the Borrower located in England with the Borrower English Account Bank (the Borrower Transaction Account and, together with the Borrower Collection Account, the Borrower Bank Accounts).

  • Payments from the Borrower Bank Accounts shall be made in accordance with Section 3 (Transfers To and From Collection Account; Control) of the Bank Agreement.

  • Borrower has good title to, has rights in, and the power to transfer each item of the Collateral, free and clear of any and all Liens except Permitted Liens, and no Borrower has any Deposit Accounts, securities accounts, commodity accounts or other investment accounts other than the Borrower Bank Accounts.

  • Frequent and routine operation and maintenance, including costs for equipment and personnel, are not eligible.Special Major Maintenance Projects must be used at parks that were acquired or developed with funds from the RZH Program.

Related to Borrower Bank Accounts

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

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

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • 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.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Energy Accounts means the regional energy accounts/state energy accounts as specified in the Grid Code issued by the appropriate agency for each Month (as per their prescribed methodology), including the revisions and amendments thereof;

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Locked Box Accounts means the unaudited accounts of the Group, consisting of a balance sheet as at the Locked Box Date in the Agreed Form;

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • 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.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party 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.

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

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