Borrower Deposit Accounts definition

Borrower Deposit Accounts. As defined in Section 4.1(d)(i).
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Borrower Deposit Accounts. As such term is defined in Section 4.6.
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Borrower Deposit Accounts has the meaning assigned to that term in subsection 2.4(A)(1).
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Examples of Borrower Deposit Accounts in a sentence

  • The Borrower Deposit Accounts and the Collection Accounts shall have been established to the satisfaction of the Collateral Agent in its sole discretion.

  • Within a reasonable period of time after the date hereof, Borrower (or an Affiliate of Borrower) shall cause to be deposited into one or more of the Borrower Deposit Accounts, and thereafter maintained during the term of the Loan, amounts which in aggregate average between $1,000,000.00 and $2,000,000.00.

  • The assets of Borrower to which such Security Agreement grants a security interest and lien in and upon includes all deposit accounts of Borrower (other than the account amounts included in the Excluded Assets), any cash balances from time to time credited to such deposit accounts, and any and all proceeds thereof (the "Borrower Deposit Accounts").


More Definitions of Borrower Deposit Accounts

Borrower Deposit Accounts has the meaning set forth in Section 6.1l(a).” ​
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Related to Borrower Deposit Accounts

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • 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”.

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

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

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • 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).

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

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Deposit Account Bank means a financial institution at which a Deposit Account is maintained.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.