Concentration Accounts definition

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

Concentration Accounts has the meaning set forth in Section 2.7(a).

Concentration Accounts means an Eligible Account that, individually, or when aggregated with all other outstanding Accounts of the same Account debtor and such Account debtor's Affiliates, constitute more than ten percent (10%) of the net outstanding balance of all Eligible Accounts of the Customer then outstanding for all Account debtors.

Examples of Concentration Accounts in a sentence

• All Earnings Collateral and Insurance Collateral delivered to, or held by or on behalf of, the Pledgee pursuant to the Global Assignment Agreement shall be held in the Concentration Accounts in accordance with the provisions thereof.

• Without limiting any Credit Party’s obligations in respect of this Section 7.12, each Credit Party agrees that, in the event it receives any earnings constituting Earnings and Insurance Collateral, or any such earnings are deposited other than in one of the Concentration Accounts, it shall promptly deposit all such proceeds into one of the Concentration Accounts maintained for such Credit Party from time to time.

• The relevant Pledgors and the Pledgee have established in the name and for the benefit of the Pledgee, as agent for the Secured Creditors, the Minimum Liquidity Account and the Concentration Accounts for purposes of this Agreement and the other relevant Credit Documents, which Minimum Liquidity Account and Concentration Accounts are maintained with a Deposit Account Bank and located at 000 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000.

More Definitions of Concentration Accounts

Concentration Accounts means collectively, the Bank of America Concentration Account and any concentration account established by the Canadian Borrower at Bank of America-Canada Branch, together with any and all other concentration accounts opened by any of the Credit Parties and consented to, in writing, by the Agent.

Concentration Accounts has the meaning set forth in Section 6(a).

Concentration Accounts has the meaning assigned to such term in Section 5.15(a).

Concentration Accounts means, collectively, the deposit accounts of Borrowers identified on Schedule 8.10 of the Information Certificate as the concentration accounts and such other accounts as may be established after the date hereof in accordance with the terms hereof used to receive funds from the Cash Management Accounts; sometimes being referred to herein individually as a “Concentration Account”.

Concentration Accounts means, collectively, the deposit accounts of Borrowers identified on Schedule 8.10 of the Information Certificate as the concentration accounts and such other accounts as may be established after the date of this Agreement in accordance with the terms hereof used to receive funds from the Cash Management Accounts; sometimes being referred to herein individually as a “Concentration Account”.

Concentration Accounts means, collectively, the Canadian Concentration Account and the Domestic Concentration Account.

Concentration Accounts have the meanings specified in Annex A.