Concentration Bank definition

Concentration Bank means a bank or other credit institution which has a current agreement with the Clearing House to participate in the Clearing House Protected Payments System (as described in the Regulations) as a concentration bank.

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Concentration Bank means BTCo or any commercial bank satisfactory to Agent at which any Loan Party maintains a Concentration Account.

Concentration Bank means JPMorgan Chase Bank, N.A., in its capacity as the agent of the Trustee (or of a co-trustee or separate trustee), or any successor Concentration Bank appointed pursuant to Section 4.07(g) at which the Proceeds Allocation Account is maintained. If the Concentration Bank is an agent of a co-trustee or separate trustee appointed pursuant to Section 7.10, references to the “Trustee” in connection with the Concentration Bank shall refer to such co-trustee or separate trustee, as the case may be.

Examples of Concentration Bank in a sentence

The Trustee shall immediately notify Navistar Financial as to the receipt and contents of any such notice of cancellation and shall promptly notify Navistar Financial, any co-trustee, the Concentration Bank, each Proceeds Account Bank, each insurance company that has received notice of the relevant Notice of Acceleration in accordance with Section 5.01(a), each Purchaser and each other Secured Party as to the cancellation of any Notice of Acceleration.
The Trustee is hereby directed to instruct the Concentration Bank to follow the instructions of Navistar Financial given pursuant to this subsection (a).
Neither the Borrowers nor any of their Subsidiaries will maintain any checking, savings or other account at any bank or other financial institution, or any other account where money or securities may be deposited or maintained, other than the accounts specified in the Amended and Restated Perfection Certificate dated as of June 15, 2001 and the Control Agreement and First Amendment to Concentration Bank Agreement, dated as of August 20, 2001.
No delay or failure on the part of the Agent or the Concentration Bank in exercising and no course of dealing with respect to, any power or right hereunder shall operate as a waiver thereof nor shall any single or partial exercise of any power or rights hereunder preclude other or further exercise thereof or the exercise of any other power or right.
Notices shall be deemed received within five Business Days after being deposited in a United States post office box, postage prepaid, properly addressed to the Borrower, the Agent, or the Concentration Bank at the addresses stated below, subject to the earlier receipt thereof as described in Section 5.

More Definitions of Concentration Bank

Concentration Bank means the Blocked Account Bank selected by Agent at which the Concentration Account is to be opened and maintained pursuant to a Blocked Agreement. If there is only one Blocked Account Bank, it shall be the Concentration Bank.

Concentration Bank means the "Concentration Bank" as defined in the Concentration Bank Agreement.

Concentration Bank shall have the meaning set forth in the Mortgage Loan Agreement.

Concentration Bank means an Agent or any Affiliate of such Agent, or any commercial bank satisfactory to Administrative Agent at which any Loan Party maintains a Concentration Account.

Concentration Bank means, at any time, any of the banks holding one or more Concentration Accounts (as of the date hereof being those banks specified in Schedule III hereof).

Concentration Bank means DBTCA or any commercial bank satisfactory to Agent at which any Loan Party maintains a Concentration Account.

Concentration Bank means The First National Bank of Chicago, in its capacity as bank at which the Concentration Account is maintained, or any successor thereto appointed pursuant to Section 7.