Examples of DACA Account in a sentence
Approved funds are advanced by Hilco UK (as defined below) or transferred from the DACA Account into the KeyBank Operating Account.
This lockbox account is automatically swept such that the proceeds from any Florist Network Member receipts are (i) transferred to the DACA Account maintained at Wells Fargo and (ii) thus, ultimately applied to pay down the Revolving Credit Facility.
The Inscape Group manually transfers any customer receipts to the DACA Account.
The DACA Account is used to collect receipts from the majority of US customers, regardless if they are invoiced by Inscape or Inscape New York.
From the Consolidated DACA Account, monies are then transferred into theDebtor’s two operating accounts to pay general trade and vendor disbursements, operating expenses, and payroll (collectively the “ Operating Accounts”).