Deposit Accounts definition

Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

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Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, now owned or hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires any interest.

Deposit Accounts means, collectively, with respect to each Pledgor, (i) all “deposit accounts” as such term is defined in the UCC and in any event shall include the LC Account and all accounts and sub-accounts relating to any of the foregoing accounts and (ii) all cash, funds, checks, notes and instruments from time to time on deposit in any of the accounts or sub-accounts described in clause (i) of this definition.

Examples of Deposit Accounts in a sentence

In addition, all of such Debtor’s depositary, security, brokerage and other accounts including, without limitation, Deposit Accounts shall be subject to the provisions of Section 2 hereof.
In addition, the Loan Parties shall open and maintain with Lender on an exclusive basis at all times until the Obligations are Paid in Full, operating accounts necessary for their business in the United States, including for the maintenance of all operating, collection, disbursement, reserve and other deposit accounts but excluding the Excluded Accounts (the “New Deposit Accounts”, together with the Existing Deposit Accounts, collectively, the “Deposit Accounts”) and for all Cash Management Services.
The Lender acknowledges that the fees in respect of Cash Management Services for the Utah Deposit Accounts shall be equal to or less than the fees currently charged to the Loan Parties under their existing depository relationships for such accounts.
The Loan Parties shall, prior to the occurrence of an Event of Default, have access to the Deposit Accounts.
In no event may the Receivables Administrative Agent or Receivables Buyer take any action with respect to the collection of Receivables in a manner that would result in the Receivables Administrative Agent or Receivables Buyer, as applicable, taking from the Deposit Accounts any Securitization Property.

More Definitions of Deposit Accounts

Deposit Accounts shall have the meaning set forth in Article 9 of the UCC.

Deposit Accounts means all “deposit accounts” as such term is defined in the Code, now or hereafter held in the name of any Credit Party.

Deposit Accounts. (i) shall mean all “deposit accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Deposit Accounts” (as such schedule may be amended or supplemented from time to time).

Deposit Accounts shall have the meaning given to such term in the UCC.

Deposit Accounts means all present and future “deposit accounts” (as defined in Article 9 of the UCC).

Deposit Accounts means all present and future “deposit accounts” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all general and special bank accounts, demand accounts, checking accounts, savings accounts and certificates of deposit.

Deposit Accounts means all present and future “deposit accounts” as defined in the California Uniform Commercial Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all general and special bank accounts, demand accounts, checking accounts, savings accounts and certificates of deposit.