Cash Concentration Account definition

Cash Concentration Account means a deposit account maintained by the Administrative Borrower at the Cash Concentration Account Bank, which deposit account shall be under the sole dominion and control of the Agent.

Cash Concentration Account means the deposit account no. 3057-3774 at Citibank, N.A. designated the “Citicorp USA, Inc. F/A/O Revlon Consumer Products Corporation Concentration Account”, which account shall be under the Collateral Agent’s control.

Cash Concentration Account means the "Cash Concentration Account", as defined in the Security Agreement.

Examples of Cash Concentration Account in a sentence

• The Cash Concentration Account shall not be subject to any deduction, set off, banker’s lien or any other right in favor of any Person.

• No Grantor shall thereafter have any right or power to withdraw any funds from any Collection Deposit Account or the Cash Concentration Account without the prior written consent of the Collateral Agent.

• All collections from sales of Inventory or from Account Debtors shall be deposited directly on a daily basis, and in any event no later than the first Business Day after the date of receipt thereof, into Borrowers’ Cash Concentration Account as set forth in Section 4.15(g).

• All collections from Account Debtors of the Borrowers sent to the Borrowers shall be deposited via scanner on a daily basis directly into the Cash Concentration Account.

• In calculating outstanding availability, the Agent and the Lenders agree that any such item of payment will be deemed to have been received by the Agent and will be provisionally credited to the Loan Account by the Agent and the Lenders on the Business Day immediately following the day on which the Agent has actual possession of such item of payment for deposit to the Cash Concentration Account.

More Definitions of Cash Concentration Account

Cash Concentration Account has the meaning specified in the Security Agreement.

Cash Concentration Account means the cash concentration account maintained by the Borrower with the Cash Concentration Bank in Roanoke, Virginia (account number 2001000059003), to which the Borrower will cause to be transferred, on each Business Day, amounts deposited in the Collection Deposit Accounts on such Business Day.

Cash Concentration Account means, with respect to any Grantor, the cash concentration account maintained by such Grantor with the Collateral Agent, to which such Grantor will cause to be transferred, on each Business Day during the Cash Collection Period, amounts deposited in the Collection Deposit Accounts on such Business Day, as and to the extent provided in Section 5.01.

Cash Concentration Account means a deposit account established and maintained by Borrower over which Lender has “control” (as that term is used in Article 9 of the UCC), pursuant to the terms of this Agreement or any Deposit Account Control Agreement that may be entered into in connection with this Agreement.

Cash Concentration Account means, with respect to the Borrowers, that certain commercial deposit account maintained at KeyBank, the funds within which: (a) shall be the sole and exclusive property of the Agent for the benefit of the Agent and the Lenders and (b) the Agent shall have the irrevocable and exclusive right to withdraw until all of the Obligations are paid, performed, satisfied and enforced in full and the commitments of the Lenders to make Advances hereunder and all Letters of Credit have terminated.

Cash Concentration Account means the deposit account no. 3059-0515 (or such other deposit account as may be notified by the Administrative Agent to the Borrower) at Citibank, designated as "CUSA F/A/O FRIEDMAN'S INC. CONCENTRATION A/C", which account shall xx xxxxx xxe sole dominion and control of the Administrative Agent.

Cash Concentration Account means a deposit account established and maintained by Borrower over which Agent, for itself and for the benefit of the Lender Group, has "control" (as that term is used in Article 9 of the UCC), pursuant to the terms of a Deposit Account Control Agreement.