BTCo Account definition

BTCo Account means a deposit account maintained by Agent at BTCo into which the applicable Lock Box Banks are instructed to transfer funds on deposit in the applicable Lock Box Accounts pursuant to the terms of the applicable Lock Box Agreement, if any.
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BTCo Account shall have the meaning given to such term in Section ------------ ------- 3.6(c) hereof. ------ Budgeted Amount shall mean, for every Monthly Accounting Period, the --------------- aggregate amount of all Projected Cash Disbursements as set forth in the Initial Monthly Budget for such Monthly Accounting Period. Business Day shall mean (a) for all portions of the Loans, Letter of ------------ Credit Obligations or Acceptance Obligations on which interest accrues based upon the Prime Lending Rate, any day other than a Saturday, Sunday or public holiday or the equivalent for banks in New York, New York (and, with respect to Letter of Credit Obligations or Acceptance Obligations, a public holiday or the equivalent for banks in the domicile of the applicable Issuing Bank or Accepting Bank, if other than New York, New York); and (b) for portions of the Loans, Letter of Credit Obligations or Acceptance Obligations on which interest accrues based upon the LIBOR Rate, the days described in the immediately preceding subclause (a) for the definition of ------------- Business Day, but excluding therefrom any day on which commercial banks are not open for dealing in Dollar deposits in the London (England, U.K.) interbank market.
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Examples of BTCo Account in a sentence

  • Any amounts so transferred to the BTCo Account first shall be applied ----- as provided in subsection 2.4B(iii)(i) to the extent therein provided and thereafter, so long as no Event of Default or Potential Event of Default shall ---------- have occurred and be continuing, shall be available for disbursement to the applicable Loan Parties for working capital and other general corporate purposes.

  • Company shall cause all amounts deposited in any other Deposit Account (including zero balance accounts and other disbursement accounts which are subject to Blocked Account Agreements which do not require an automatic daily transfer to the BTCo Account) to be transferred to the BTCo Account on each Business Day upon giving of notice by Agent (which notice shall be given only upon the occurrence and continuation of an Event of Default or a Potential Event of Default).

  • Any amounts so transferred to the BTCo Account first shall be applied as provided in subsection 2.4B(iii)(h) to the extent ----- therein provided and thereafter, so long as no Event of Default or Potential ---------- Event of Default shall have occurred and be continuing, shall be available for disbursement to the applicable Loan Parties for working capital and other general corporate purposes.

  • Borrowers shall cause all amounts deposited in each Lock Box Account to be transferred on each Business Day to the BTCo Account in accordance with the terms of the applicable Lock Box Agreement.

  • Deposited in the Concentration Accounts and Other Deposit Accounts to the BTCo Account.

  • If the amount on deposit in any Concentration Account on any Business Day exceeds $1,000,000, Borrowers shall cause any amounts deposited in such Concentration Account in excess of $1,000,000 to be transferred on such Business Day to the BTCo Account.

  • Company shall cause all amounts deposited in each Concentration Account to be automatically transferred to the BTCo Account on each Business Day.

  • Where a written consent, acceptance, approval, or waiver is required pursuant to or contemplated under this Agreement, such written consent, acceptance, approval, or waiver shall be deemed to have occurred if, by agreement between counsel to the Parties submitting and receiving such consent, acceptance, approval, or waiver, it is conveyed in writing (including electronic mail) between each such counsel without representations or warranties of any kind on behalf of such counsel.

  • Borrower shall cause all available funds deposited in each Concentration Account to be transferred on each Business Day to the BTCo Account.

  • Company shall cause all amounts deposited in each Concentration Account to be transferred on each Business Day to the BTCo Account.

Related to BTCo Account

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.