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 is defined in Section 4.9(a).

Examples of DACA Account in a sentence

• For example, if the proceeds of the sale of units of Inventory are received in the DACA Account on day one (1), the applicable fee is low point of the range ($0.60), whereas if the proceeds of the sale of units of Inventory are received in the DACA Account on day fourteen (14), the applicable fee is high point of the range ($0.88).

• The remit-to address on all documents related to the accounts, including invoices, purchase orders, or contracts must be the Lockbox Account set forth below or to the DACA Account.

• For example, if the proceeds of the sale of units of Inventory are received in the DACA Account on day one (1), the applicable fee is low point of the range ($0.58), whereas if the proceeds of the sale of units of Inventory are received in the DACA Account on day fourteen (14), the applicable fee is high point of the range ($0.85).

• Except as otherwise required by law or with the prior written consent of Lender and Borrower, Bank will not agree with any third party to comply with instructions for disposition of funds in the DACA Account.

• On the Effective Date, the Company shall deposit $700,000.00 into the DACA Account (the “Repayment Deposit”) and Centurion shall provide instructions to the Bank pursuant to the Deposit Account Control Agreement (the “DACA”) that until the Maturity Date, unless a default or an Event of Default under the Promissory Notes shall have occurred only the funds above $700,000.00 shall continue to be swept on a monthly basis by Centurion in accordance with the terms of the DACA.

More Definitions of DACA Account

DACA Account means the account opened by the Company pursuant to the DACA Agreement.

DACA Account means that deposit account created pursuant to the DACA Agreement.

DACA Account shall have the meaning ascribed to such term in Section 2.4.

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 means the lockbox account established under Section 2(e).

DACA Account means any deposit or other bank account of the Borrower subject to a Deposit Account Control Agreement.

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).