Conduit Account definition
Conduit Account means any deposit account for which all or substantially all of the deposits consist of amounts received from any Loan Party and which funds are then directed out of such deposit account to any other deposit account of a Loan Party that is subject to a Deposit Account Control Agreement.
Conduit Account means any deposit account for which all or substantially all of the deposits consist of amounts received from the Borrower or any Subsidiary and which funds are then directed out of such deposit account to any other deposit account of a Loan Party that is subject to a Deposit Account Control Agreement.