Cash Concentration Account Bank definition

Cash Concentration Account Bank means Bank Leumi.

Cash Concentration Account Bank means a bank selected by the Agent and reasonably acceptable to the Company.

Cash Concentration Account Bank means Harrxx Xxxst & Savings Bank or such other bank as the Borrower may select with the written approval of the Agent.

Examples of Cash Concentration Account Bank in a sentence

• The Corporation agrees that it will not terminate any bank as a Cash Concentration Account Bank or terminate any account as a Cash Concentration Account, unless the Administrative Agent shall have received at least 10 days' prior written notice of such termination (and, upon such termination, Schedule B hereto shall be automatically amended to delete such Cash Concentration Account Bank or Cash Concentration Account).

• If the Administrative Agent has instructed the Cash Concentration Account Bank in writing to transfer the cash from the Cash Concentration Account to the Agent Account, which instruction shall only be made after an Event of Default shall have occurred or at any time the Availability shall be less than $2,500,000, the Parent shall not make any withdrawals from the Cash Concentration Account, the Disbursement Account or the GDI Vista Account.

• In addition, the Administrative Agent shall have received (1) an original notice letter for each Depository Bank listed on Schedule 6.27 which will be sent to each such Depository Bank, (2) a Cash Concentration Account Agreement executed by the Parent and the Cash Concentration Account Bank, (3) a Disbursement Account Agreement executed by the Parent and the Disbursement Account Bank, and (4) a GDI Vista Account Agreement executed by the Parent and the GDI Vista Account Bank.

• After the occurrence and during the continuance of an Event of Default, the Agent may instruct the Cash Concentration Account Bank to send by wire transfer all amounts deposited in the Cash Concentration Account to the Agent Account or as the Agent shall direct.

• The Control Agreement with respect to the Cash Concentration Account shall provide, among other things, that from and after the receipt of a notice from the Administrative Agent (which notice may be given by the Administrative Agent upon the occurrence of an Event of Default), the Cash Concentration Account Bank shall forward immediately all amounts in the Cash Concentration Account to the Administrative Agent’s Account and commence the process of daily sweeps from such Cash Concentration Account.

More Definitions of Cash Concentration Account Bank

Cash Concentration Account Bank means a bank mutually acceptable to the Borrower and the Agent.

Cash Concentration Account Bank means The Chase Manhattan Bank, N.A. or such other bank as the Parent may select with the written approval of the Administrative Agent not to be unreasonably withheld.

Cash Concentration Account Bank has the meaning specified therefor in Section 8.01(b).

Cash Concentration Account Bank means the financial institution where the Loan Parties maintain the Cash Concentration Account.

Cash Concentration Account Bank means the Chase Bank of Texas, N.A. or such other bank as the Borrower may select with the written approval of the Agent.

Cash Concentration Account Bank means Bank of America, N.A., or any other depository institution mutually acceptable to the Borrower and the Lender.

Cash Concentration Account Bank means the Texas Commerce Bank National Association or such other bank as the Borrower may select with the written approval of the Agent.