Collection Deposit Accounts definition

Collection Deposit Accounts means the respective collection accounts maintained by the Collection Deposit Banks pursuant to the Collection Deposit Letter Agreements and into which the Grantors will deposit or cause to be deposited all Daily Receipts, as and to the extent provided in Section 5.01.
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Collection Deposit Accounts as defined in Section 6.18(1).
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Collection Deposit Accounts as defined in Section 6.18(1). “Collection Lockboxes” as defined in Section 6.18(1). “Commercial Building Lender” means First Security Bank, an Arkansas banking corporation, together with its permitted successors and assigns in such capacity. “Commitment” means any Revolving Commitment. “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. §1 et. seq.), as amended from time to time and any successor statute. 25 US-DOCS\124480978.17139630401.7
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Examples of Collection Deposit Accounts in a sentence

  • Such Blocked Accounts may be Central Collection Deposit Accounts, and the term Blocked Accounts shall mean and include the Central Collection Deposit Accounts.

  • The Borrower will use its reasonable best efforts to enter into and maintain Collection Deposit Agreements for all other Collection Deposit Accounts.

  • Such Blocked Accounts may be Central Collection Deposit Accounts, and the term Blocked Accounts shall include the Central Collection Deposit Accounts.

  • As promptly as practicable and in any event prior to September 30, 2002 and at all times thereafter, the Borrower shall maintain Collection Deposit Letter Agreements for Collection Deposit Accounts representing the collections of Stores which account for no less than 80% of Consolidated EBITDA for the fiscal year most recently ended.

  • All amounts in the UK Collection Deposit Accounts shall be remitted daily to the applicable Agent’s European Account and shall be applied by Agent on a daily basis to the UK-Dutch Revolving Loans outstanding and thereafter to UK-Dutch Borrowers (to be wired to the UK Designated Account) or such other Person entitled thereto under applicable law.

  • Xxxxx Telephone: (000) 000-0000 Facsimile: (000) 000-0000 EXHIBIT A Information Certificates SCHEDULE 4.1 Permitted Locations Please see Information Certificates Central Collection Deposit Accounts Please see Information Certificates Customs Brokers Please see Information Certificates SCHEDULE 5.2(b) Chattel Paper and Instruments Nil SCHEDULE 5.2(f) Letters of Credit, etc.

  • Establish or maintain any bank account or similar account with any financial institution that is not a Lender, other than (a) the accounts specified in Section 2 of the Perfection Certificates, (b) the Collection Deposit Accounts (as defined in the Security Agreement) and (c) any deposit account used exclusively for the payment of payroll of any Loan Party or any Subsidiary.

  • Xxxxx Telephone: (000) 000-0000 Facsimile: (000) 000-0000 69 EXHIBIT A Information Certificate EXHIBIT B Form of Compliance Certificate SCHEDULE 4.1 Permitted Locations Central Collection Deposit Accounts Customs Brokers SCHEDULE 5.2(b) Chattel Paper and Instruments SCHEDULE 5.2(f) Letters of Credit, etc.

  • The Seller agrees that it shall have no bank account, deposit account or trust account for the collection of Purchased Receivables other than the Local Store Bank Accounts and the Concentration Account, and that it shall not make or maintain any deposits from Collections in any bank account, deposit account or trust account other than the Local Store Bank Accounts and the Concentration Account and Collection Deposit Accounts.

  • The Issuer hereby transfers to the Indenture Trustee the sole and exclusive dominion over and control of the Collection Deposit Accounts.


More Definitions of Collection Deposit Accounts

Collection Deposit Accounts shall have the meaning assigned to such term in Section 4.01(b) of the Indenture.
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Related to Collection Deposit Accounts

  • 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.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Collection Accounts As defined in Section 3.10(a).

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

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

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

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

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Controlled Deposit Account means each Deposit Account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

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

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.