Credit Card Notification definition
Credit Card Notification has the meaning assigned to such term in Section 5.11.
Credit Card Notification has the meaning specified in Section 7.17.
Credit Card Notification means a notice to a Credit Card Issuer or Credit Card Processor who is party to a Credit Card Agreement, in form and substance reasonably satisfactory to the Agent, which Credit Card Notification shall require the ACH or wire transfer no less frequently than each Business Day (and whether or not there are then any outstanding Obligations) of all payments due to any Borrower from such Credit Card Issuer or Credit Card Processor to a Deposit Account of any Borrower that is subject to a Control Agreement in favor of Agent.
Examples of Credit Card Notification in a sentence
Upon entering into any agreements with any new Credit Card Issuer or Credit Card Processor, the Loan Parties shall, upon Agent’s request in its sole discretion, deliver to Agent a copy of a Credit Card Notification which has been executed by the applicable Loan Parties and delivered to such Credit Card Issuer or Credit Card Processor.
More Definitions of Credit Card Notification
Credit Card Notification has the meaning provided in Section 2.21(c).
Credit Card Notification has the meaning specified in Section 6.01(m)(i)(A).
Credit Card Notification means, collectively, the notices to Credit Card Issuers or Credit Card Processors who are parties to Credit Card Agreements in substantially the form of Exhibit Q or such other form as is reasonably satisfactory to the Administrative Agent.
Credit Card Notification as defined in subsection 4.16(c).
Credit Card Notification collectively, the notices to Credit Card Issuers or Credit Card Processors who are parties to Credit Card Agreements, which Credit Card Notifications shall require the ACH or wire transfer no less frequently than each Business Day (and whether or not there are then any outstanding Obligations) of all payments due from Credit Card Processors to (i) a DDA, (ii) a Concentration Account, or (iii) any other deposit account in the United States with respect to which a control agreement is in place between the applicable Qualified Loan Party, the applicable depositary institution and the Administrative Agent or the Collateral Agent (or over which any such Agent has “control” whether or not pursuant to a control agreement).
Credit Card Notification collectively, the notices to Credit Card Issuers or Credit Card Processors who are parties to Credit Card Agreements, which Credit Card Notifications shall require the ACH or wire transfer no less frequently than each Business Day (and whether or not there are then any outstanding Obligations hereunder) of all payments due from Credit Card Processors to (i) a DDA or (ii) a Concentration Account.
Credit Card Notification means a notification substantially in the form of Exhibit N-1 to this Agreement or otherwise in form and substance reasonably satisfactory to Agent executed by a Loan Party and delivered to a Credit Card Issuer or Credit Card Processor of such Loan Party.