Depositary Account definition

Depositary Account means an account maintained at a Depositary Bank into which Collections in the form of wire transfer or electronic funds transfers are made by Obligors.

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Depositary Account means, for each Specific Series the accounts created, controlled and secured by the Depositary associated with the account identifiers (the “Depositary Account Identifier(s)”) described as such and set out in the Schedule, which include one or more cryptographic asset wallets that hold Digital Currency and/or Digital Assets (“Depositary Wallet”), which are subject to the security interest granted hereby, and any successor account to any such account, whether maintained by the initial Depositary or maintained by any successor Depositary.

Depositary Account means the account established by the Depositary to hold the Depositary Units.

Examples of Depositary Account in a sentence

• On or about the Issue Date, Grantor shall enter into an agreement, in form and substance satisfactory to the Secured Party, among the Secured Party, the Depositary and the Grantor, and any additional parties, which agreement shall be effective to grant to the Secured Party “control” (as defined in the Code) over the Depositary Account.

• It will instruct all Obligors to remit all their payments in respect of Receivables to Lockbox Accounts or Depositary Accounts (either by check mailed to a Lockbox maintained by the relevant Depositary Bank or directly by wire transfer or electronic funds transfer to a Depositary Account), except for those Obligors who pay by credit card or who, in the normal course of such Originator’s business and consistent with such Originator’s past practices, pay directly to such Originator.

• At all times following such establishment, all payments remitted by account debtors of a Borrower to any Lockbox, all other amounts received by a Borrower from any account debtor and all other cash received by a Borrower from any other source (including, without limitation, proceeds of dispositions permitted pursuant to Section 7.4) shall in each case immediately upon receipt thereof be deposited into an account (each a “Depositary Account”) maintained by such Borrower with a Depositary Account Bank.

• If any Agent or Lender receives directly any amount that is payable to a Depositary Account (due to such amount not being paid directly to the applicable Depositary Account), such Person shall deposit or cause to be deposited such amount into the applicable Depositary Account, and the obligation of the Loan Parties to deposit such amount into such Depositary Account shall be deemed satisfied upon such deposit.

• The Borrower shall maintain each Depositary Account to the extent required under the Depositary Agreement or any other applicable provision of any Loan Document.

More Definitions of Depositary Account

Depositary Account has the meaning ascribed to that term in subsection 2.4(b)(i).

Depositary Account has the meaning assigned to that term in Section 7.

Depositary Account means a depositary account maintained at a Depositary Bank, the primary purpose of which is to receive the proceeds of Collections from the Seller or an Originator.

Depositary Account means with respect to any Person any demand, time, savings, passbook, money market or other depositary account maintained by such Person with any bank, savings and loan association, credit union or other depositary institution, other than an account evidenced by a certificate of deposit, or any securities account maintained by such Person with any bank, securities broker or dealer, or other financial intermediary, in which such bank, broker, dealer or financial intermediary either directly or through a nominee or depository holds investment securities for the account of such Person.

Depositary Account means the depositary account(s) maintained by the client (either solely or jointly with another or others) with the designated "Depositary Participant" and which account(s) has/have been designated by the client as a Depositary Account(s). "Available Fund balance" means the amount of credit balance in the Designated Bank Account(s) or in the Client account with Stock Broker which is not subject to any lien or other

Depositary Account of a Party or a Party's Subsidiary shall mean each account of such Party or of such Party's Subsidiary in a Depositary Bank to which Depositary Funds are deposited and from which Available Funds are remitted to the Investment Account(s).

Depositary Account means a depositary account established pursuant to a Control Agreement.