Chiptronics definition

Chiptronics means TMC, Inc., d/b/a Chiptronics, Inc., a North Dakota corporation, and its successors and assigns.
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Examples of Chiptronics in a sentence

  • Except as Agent may otherwise specifically agree, Borrower shall continue to cause all such payments to be sent to the Chiptronics Collection Account.

  • In the event that Agent exercises such right, Borrower shall not provide any instructions to Chiptronics or to Security State Bank with respect to funds in the Chiptronics Collection Account or otherwise give such instructions to Chiptronics or Security State Bank as Agent may specify.

  • All remittances in such lockbox shall be deposited in a special account of Chiptronics Inc.

  • In connection with sales by Parent and Turtle Mountain to Chiptronics, Parent and Turtle Mountain currently receive payment of the Accounts arising from such sales through a deposit account maintained at Security State Bank (“Bank”) as set forth in the Deposit Account Control Agreement, dated April 25, 2003, by and among Bank, Chiptronics, Turtle Mountain and Agent (as the same now exists or may be amended or supplemented from time to time, the “Chiptronics Control Agreement”).