Company Operating Account definition

Company Operating Account means that certain deposit account number 6189189013641 maintained by Company with Sun Trust Bank, Miami, N.A. or such other deposit account maintained by Company at a financial institution reasonably satisfactory to Collateral Agent.
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Company Operating Account means that certain de- posit account number 6189189013641 maintained by the Com- pany with Sun Trust Bank, Miami, N.A. or such other de- posit account maintained by the Company at a financial institution reasonably satisfactory to Obligee.
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Company Operating Account means an account maintained at Bank and designated by Bank as the company operating account.
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Examples of Company Operating Account in a sentence

  • Maintain in full force and effect the Company Operating Account Control Agreement.

  • At all times from and after the date of its execution and delivery, maintain in full force and effect the Company Operating Account Control Agreement.

  • Within 30 days following the Effective Date, Company, Collateral Agent, and Operating Account Bank shall have executed and delivered the Company Operating Account Control Agreement.

  • At all times from and after the date hereof, the Company shall continue to maintain the Company's cash management system substantially as such system exists on the date hereof, and shall continue to concentrate the funds of the Company into the Company Operating Account except to the extent that such funds reasonably are required to be held in other accounts for permitted uses by the Company, and except to the extent that such funds are invested in investments permit- ted by Section 7.9.

  • At all times from and after the date hereof, the Company shall continue to maintain the Company's cash management system substantially as such system exists on the date hereof, and shall continue to concentrate the funds of the Company into the Company Operating Account except to the extent that such funds reasonably are required to be held in other accounts for permitted uses by the Company, and except to the extent that such funds are invested in investments permitted by Section 7.9.

  • Bank shall debit and credit Company Operating Account via ACH and generate monthly detail to Company as set forth in this Agreement.

  • Ninety-two and one-half percent (92.5%) of the Net Proceeds from the Second Closing shall be deposited into the Company Operating Account.

  • Lender shall make funds in an amount equal to the requested Development Loan available to Borrower by wire transfer or account entry on such Business Day to the Callon Entrada Company Operating Account.

  • At all times from and after the date hereof, Company shall continue to maintain Company's cash management system substantially as such system exists on the date hereof and shall continue to concentrate the funds of Company into the Company Operating Account except to the extent that such funds reasonably are required to be held in other accounts for permitted uses by Company, and except to the extent tha such funds are invested in investments permitted by Section 7.9.

  • For a period of one hundred twenty (120) days after the First Closing Date, funds shall not be disbursed from the Company Operating Account without first obtaining the written approval of two (2) of the Operating Account Signatories and the Buyer or Buyer's designee, such approval not to be unreasonably withheld.

Related to Company Operating Account

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Expense Account The account established and maintained pursuant to Section 3.25.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • 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.

  • Member Account means the regular account and the variable account.

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

  • Company-Sponsored Equity Account means an account that is created with the Equity Account Administrator in connection with the administration of the Company’s equity plans and programs, including the Plan.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

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

  • Buydown Fund Account A separate account or accounts created and maintained pursuant to Section 3.02 (a) with the corporate trust department of the Trustee or another financial institution approved by the Master Servicer, (b) within FDIC insured accounts (or other accounts with comparable insurance coverage acceptable to the Rating Agencies) created, maintained and monitored by a Servicer or (c) in a separate non-trust account without FDIC or other insurance in an Eligible Institution. Such account or accounts may be non-interest bearing or may bear interest. In the event that a Buydown Fund Account is established pursuant to clause (b) of the preceding sentence, amounts held in such Buydown Fund Account shall not exceed the level of deposit insurance coverage on such account; accordingly, more than one Buydown Fund Account may be established.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.07(b) and 3.07(c) in the name of the Trustee for the benefit of the Regular Certificateholders and designated "Deutsche Bank, National Trust Company in trust for registered Holders of Morgan Stanley ABS Capital I Inc. Trust 2006-HE3, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE3." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.