Collateral Deposit Accounts definition

Collateral Deposit Accounts means all Deposit Accounts, to the extent included in the definition of “Collateral”.

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Collateral Deposit Accounts has the meaning provided in Section 4.02(a) and shall include any successor accounts.

Collateral Deposit Accounts shall have the meaning set forth in Section 7.1(a).

Examples of Collateral Deposit Accounts in a sentence

Attached hereto as Schedule 7 is a true and correct list of Collateral Deposit Accounts maintained by each Grantor, including the name and address of the depositary institution, the type of account and the account number.
In the case of Collateral Deposit Accounts or Lock Boxes maintained with Lenders, the terms of such letter shall be subject to the provisions of this Agreement regarding setoffs.
Each Grantor shall insure that future deposits constituting payments made in respect of Receivables continue to be made into Collateral Deposit Accounts.
Exhibit B sets forth a complete list of the Collateral Deposit Accounts of such Grantor, including, with respect to each such Collateral Deposit Account, each depositary institution’s name and location and such Grantor’s account number.
If this Section 7.3(c) has been triggered, the Administrative Agent shall (or, in the case of Canadian Collateral Deposit Accounts, may) have exclusive control over said Collateral Deposit Account and any such proceeds shall be applied in the order set forth in Section 2.18(b) of the Credit Agreement.
The Collateral Deposit Accounts are identified as such in Exhibit B.
Each Grantor shall direct all of its Account Debtors to forward payments directly to Lock Boxes or Collateral Deposit Accounts provided that each Receivables Originator may direct its Account Debtors to make payments to lock boxes and Deposit Accounts owned by or otherwise under the Control of the Receivables Entity.
In the case of Collateral Deposit Accounts or Lock Boxes maintained with Lenders, the terms of such letter shall be subject to the provisions of the Credit Agreement regarding setoffs.
During any Dominion Trigger Period, the Administrative Agent may exercise control over all Collateral Deposit Accounts and apply all amounts deposited in the Collateral Deposit Accounts in accordance with Section 2.10(b) of the Credit Agreement.
In the case of Collateral Deposit Accounts maintained with Lenders, the terms of such letter shall be subject to the provisions of the Term Loan Agreement or this Agreement regarding setoffs.

More Definitions of Collateral Deposit Accounts

Collateral Deposit Accounts means each deposit account maintained by a Loan Party with Administrative Agent into which cash, checks or other similar payments relating to or constituting payments made in respect of Accounts are deposited.

Collateral Deposit Accounts means each Deposit Account maintained by each Borrower (other than Micron) into which cash, checks or other similar payments relating or consisting of payments made in respect of Receivables are deposited as required under the terms hereof. Each Collateral Deposit Account is identified on S chedule 1.01 attached hereto (as such Schedule may be updated pursuant to the terms set forth herein).

Collateral Deposit Accounts means each Deposit Account maintained by each Borrower (other than Micron) into which cash, checks or other similar payments relating or consisting of payments made in respect of Receivables are deposited as required under the terms hereof. Each Collateral Deposit Account is identified on Schedule 1.01 attached hereto (as such Schedule may be updated pursuant to the terms set forth herein).