Cash Concentration Accounts definition

Cash Concentration Accounts means one or more concentration accounts maintained by the Bank at third-party financial providers on behalf of multiple customers of Bank for the purposes of providing Vault Services.
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Cash Concentration Accounts means the A Cash Concentration Account and the B Cash Concentration Account.
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Cash Concentration Accounts means the deposit accounts maintained by the Borrower at each Cash Concentration Account Bank described and designated as such on Schedule 6.27 hereto or any new cash concentration, depository account with respect to which the Borrower has complied with the requirements of Section 7.13 hereof, which deposit accounts shall be, upon the occurrence of a Cash Management Triggering Event, under the sole dominion and control of the Agent.
Sample 1

Examples of Cash Concentration Accounts in a sentence

  • Bank, not Company, will have direct access to funds in Cash Concentration Accounts.

  • Vault Services may be facilitated using Cash Concentration Accounts.

  • As a result, credits, debits, and adjustments to Company’s Cash Concentration Account(s) may be delayed one Business Day from date of submission using Vault Services.


More Definitions of Cash Concentration Accounts

Cash Concentration Accounts means, collectively, account no. 1412209809 in the name of ICF Xxxxxx International, Inc., account no. 1412184330 in the name of ICF Xxxxxx International, Inc., and such other account or accounts as ICF Xxxxxx and the Agent shall from time to time agree, each maintained with CoreStates Bank, N.A. at its office at 0000 Xxxxxxxx Xxxxxx, Xxxxxxxxxxxx, Pennsylvania, but under the sole control and dominion of the Secured Party.
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Cash Concentration Accounts shall have the meaning provided in Section 5.01(k).
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Cash Concentration Accounts the Deposit Accounts listed on Schedule 8 hereto as the Cash Concentration Accounts and any other Deposit Account established and maintained by any Loan Party from time to time as a Cash Concentration Account in accordance with Section 4.3.
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Cash Concentration Accounts the accounts listed on Schedule 8 hereto as the Cash Concentration Accounts.
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Related to Cash Concentration Accounts

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

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

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

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

  • Disbursement Account has the meaning ascribed to it in Section 1.1(e).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

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

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

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

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.