DACA Account definition

DACA Account means a bank account held by a Designated Subsidiary in the United States of America, in respect of which account such Designated Subsidiary has provided to the Collateral Agent a deposit account control agreement perfecting the Lien of the Security over such account in form and substance satisfactory to the Collateral Agent, acting reasonably.
DACA Account means any deposit or other bank account of any Loan Party subject to a Deposit Account Control Agreement.
DACA Account shall have the meaning ascribed to such term in Section 2.4.

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.


More Definitions of DACA Account

DACA Account means the lockbox account established under Section 2(e).
DACA Account means that deposit account created pursuant to the DACA Agreement.
DACA Account shall have the meaning set forth in Section 3.1 hereof.
DACA Account substantially in the form set forth on Schedule B (the “Deposit Account Control Agreement”). Funds shall be distributed from the DACA Account in accordance with Section 3(d)(iii) of this Agreement, and the Deposit Account Control Agreement shall direct the Bank shall at all times during its term to accept disposition instructions solely from F8 without consent from Vendor.
DACA Account is defined in Section 4.9(a).
DACA Account means any deposit account or securities account of a US Loan Party with respect to which First Priority Representative has entered into a deposit account control agreement or a securities account control agreement for the purpose of obtaining control over such deposit account in accordance with Section 9-104(a)(2) or Section 8-106(d)(2) of the Uniform Commercial Code but in respect of which Second Priority Representative has not entered into such a deposit account control agreement or a securities account control agreement (and solely to the extent that the Uniform Commercial Code that is applicable to perfection of a security interest in such deposit account or securities account includes a provision substantially similar to Section 9-104(a)(5) or Section 8-106(d)(3) of the Uniform Commercial Code of the State of New York as in effect on the date hereof).