Examples of DACA Account in a sentence
The F8 Fees for this Product Schedule A-4 will be determined as follows: For purposes of this Fee Schedule, Age of Inventory Sold with respect to particular unit(s) of Inventory is measured beginning on the date such unit(s) of Inventory arrived at the Facilities until the date that the proceeds of the sale of such units of Inventory by Vendor to Vendor’s customer are received in the DACA Account.
Borrower agrees that it shall, at its sole cost and expense, make available to Administrative Agent and Facility Servicer information directly related to the DACA Account, including granting Administrative Agent and Facility Servicer online access to Borrower’s treasury reporting with Bank (if any).
Prior to the execution of this Amendment No. 3, the Company shall (i) deposit all of the Company’s cash on hand into its regular banking account at the Bank, which bank account shall be subject to the DACA Agreement upon execution of the DACA Agreement by the Company, the Seller Representative and the Bank (the “DACA Account”) and (ii) take all steps reasonably necessary and appropriate to direct any and all payments to the Company of any and all A/R List, as defined below, into such DACA Account.
For each of the Second Tranche Closing and the Third Tranche Closing, the Investor shall deposit 40% of the applicable Subscription Amount into the DACA Account, subject to the terms and conditions of the Transaction Documents.
Borrower represents that it has granted, or intends to grant, a security interest in the DACA Account to Administrative Agent for the benefit of the Secured Parties.