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.
Sample 1
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.
Sample 1

Examples of BTCo Account in a sentence

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

  • IT WAS RESOLVED that: (i) the NTMA expenditure budget 2018;(ii) the ISIF expenditure budget 2018 (subject to removal of the contingency); and(iii) the New Premises Fit-Out and Related ICT Capital Expenditure Budget; be approved.

  • Borrowers shall, and shall cause each of their Subsidiaries to, maintain in effect at all times the system of accounts and procedures comprising the Cash Management System, as it may be modified from time to time in a manner reasonably satisfactory to Administrative Agent, for the collection and deposit of payments in respect of such Person's Deposit Accounts and the transfer of amounts so deposited to the BTCo Account.

  • 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.

  • Any amounts so transferred to the BTCo Account first shall be applied as provided in subsection 2.4A(iii)(b) to the extent therein provided and thereafter, so long as no 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, and shall cause each of its Subsidiaries to, maintain in effect at all times a system of accounts and procedures reasonably satisfactory to Agent for the collection and deposit of payments in respect of such Person's Accounts and the transfer of amounts so deposited to the applicable Concentration Account and BTCo Account.

  • Subject to subsection 2.10G, Company shall, and shall cause each of its Domestic Subsidiaries to, maintain in effect at all times a system of accounts and procedures reasonably satisfactory to Agent for the collection and deposit of payments in respect of such Person's Accounts and the transfer of amounts so deposited to the applicable Concentration Account and BTCo Account.

  • Borrowers shall maintain in effect at all times a system of accounts and procedures reasonably satisfactory to Agent for the collection and deposit of payments in respect of such Person's Accounts and the transfer of amounts so deposited to the BTCo Account.

  • 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 any amounts so transferred to the BTCo Account, 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 subject to the terms and provisions of this Agreement.

Related to BTCo Account

  • 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.

  • Investment Account As defined in Section 3.12(a).

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Holding Account means an account:

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Separate Accounts means the accounts which are to be prepared for each

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.