Canadian Concentration Account has the meaning provided in Section 6.12(b).

Canadian Concentration Account has the meaning assigned to such term in Section 5.15(a).

Canadian Concentration Account has the meaning provided in SECTION 2.18(d).

Examples of Canadian Concentration Account in a sentence

Notwithstanding the foregoing, to the extent that no Obligations are outstanding any amounts deposited in the Domestic Concentration Account and the Canadian Concentration Account shall be disbursed by the Administrative Agent or Canadian Agent, as applicable to such depository accounts as may be designated by the applicable Borrower.
Any amounts held or received in the Canadian Concentration Account at any time when no Cash Dominion Event exists or while no Loans are outstanding (except as provided in Section 8.02) shall be promptly remitted to an account of the Canadian Borrower or as the Canadian Borrower may otherwise direct.
Upon the occurrence of an Event of Default, all of the collections and account balances of the Canadian Loan Parties and their Canadian Subsidiaries shall be swept on a daily basis into the Canadian Concentration Account.
The Chapter 11 Debtors also release funds from the Canadian Concentration Account to fund their day-to-day Canadian operations, including on account of lease payments, payroll, taxes, and customs duties.
As noted above, cash and electronic collections from stores are eventually deposited into the Canadian Concentration Account.

More Definitions of Canadian Concentration Account

Canadian Concentration Account means one or more accounts maintained in the name of the Canadian Co-Issuer and pledged to the Trustee into which the Canadian Manager causes amounts to be deposited pursuant to Section 5.10(a)(ii) of the Base Indenture or any successor accounts established for the Canadian Co-Issuer by the Canadian Manager for such purpose pursuant to the Base Indenture and the Canadian Management Agreement, designated individually or collectively, as the context may require.

Canadian Concentration Account as defined in subsection 4.16(c).

Canadian Concentration Account means the Deposit Account of the Canadian Borrower designated as such on Schedule III.E to the Perfection Certificate into which the collected balances on deposit from time to time in the Collection Accounts are deposited in accordance with Section 2.04(b) of this Agreement.

Canadian Concentration Account means the blocked concentration account established by the Canadian Borrower pursuant to Section 5.7 and designated as the “Smurfit-Stone Canadian Concentration Account” with JPMorgan Chase Bank, N.A., Toronto Branch, or a bank acceptable to the Canadian Administrative Agent.

Canadian Concentration Account means the account maintained by the Administrative Agent at Bank of America (acting through its Canada branch) into which cash receipts and collections of the Canadian Loan Parties (including, without limitation, from the Collateral) are deposited to the extent required hereby or by any other Loan Document.

Canadian Concentration Account has the meaning specified therefor in Section 2.15(c)(ii).

Canadian Concentration Account means Company’s Canadian Dollar deposit account maintained with Xxxxx Fargo.