Depositary Account Agreement definition

Depositary Account Agreement has the meaning ascribed to that term in subsection 2.4(b)(i).
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Depositary Account Agreement means each agreement between the Collection Agent and a Depositary Bank concerning a Depositary Account.
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Depositary Account Agreement see Section 6.1.
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Examples of Depositary Account Agreement in a sentence

  • On the Restatement Effective Date, the Borrower shall have duly authorized, executed and delivered a Depositary Account Agreement substantially in the form of Exhibit L hereto.

  • All other Dividends and Distributions otherwise payable by any member of the Davel Group shall at all times be remitted only to the Master Depositary Account referred to in Section 6.15 of this Credit Agreement, and paid from such Master Depositary Account only as contemplated by the Depositary Account Agreement and Section 6.14 of this Credit Agreement.

  • Within ninety (90) days after the Closing Date, each Borrower maintaining a depositary account (each a "Depositary Account") with any bank other than the Agent (each a "Depository Bank") shall enter into a depositary account agreement, in form and substance satisfactory to the Agent, with the relevant Depository Bank and the Agent (each, as the same may be amended, restated, supplemented or otherwise modified from time to time, called a "Depositary Account Agreement").

  • Lender shall maintain at the Canadian Depositary Account Bank (i) the account identified as the "Depositary Account" in the Canadian Depositary Account Agreement (herein called the "CANADIAN DEPOSITARY ACCOUNT" and (ii) the account identified as the "Operating Account" in the Canadian Depositary Account Agreement (herein called the "CANADIAN CONTROLLED DISBURSEMENT OPERATING ACCOUNT").

  • Pursuant to, and subject to the terms and conditions of the applicable Depositary Account Agreement, items deposited in the respective Lockboxes shall be credited to (i) in the case of Xxxxx'x Lockbox, the Domestic Depositary Account and (ii) in the case of TRO Canada, the Canadian Depositary Account.

  • In addition, each Borrower shall take all such actions as Agent in good faith deems necessary or appropriate to ensure that at all times ox xxx xxxxx the date hereof all proceeds of its Collateral (including, without limitation, all Cash Instruments) are sent directly to the Lockbox or a Depositary Account with a Depository Bank that is subject to a Depositary Account Agreement.

  • The Borrowers shall also identify all Depositary Accounts maintained by such Subsidiary and shall deliver to the Collateral Agent a Depositary Account Agreement with respect to each such Depositary Account, duly executed by such Subsidiary and by the bank or other depositary institution at which such Depositary Account is maintained.

  • The closing of any Depositary Account, including without, limitation, any Lockbox Account, and the termination of any Depositary Account Agreement or Lockbox Account Agreement shall require in each case the prior written consent of Lender.

  • Furthermore, each Borrower maintaining a Depositary Account with any bank other than the Agent Bank shall enter into a Depositary Account Agreement with the relevant Depository Bank and the Lender (each, as the same may be amended, restated, supplemented or otherwise modified from time to time, called a "Depositary Account Agreement").

  • In addition, each Borrower shall take all such actions as Agent in good faith deems necessary or appropriate to ensure that at all times on xxx xxxxx xhe date hereof all proceeds of its Collateral (including, without limitation, all Cash Instruments) are sent directly to the Lockbox or a Depositary Account with a Depository Bank that is subject to a Depositary Account Agreement.


More Definitions of Depositary Account Agreement

Depositary Account Agreement means an agreement substantially in the form of Exhibit N hereto, with respect to one or more Depositary Accounts now or hereafter maintained by the Parent, the Borrowers or their Subsidiaries, among the Person maintaining such Depositary Account, the bank or other depositary institution at which such Depositary Account is maintained, and the Collateral Agent.
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Related to Depositary Account Agreement

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Account Agreement means the agreements for the operation of the Account.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.

  • Account Agreements means any lockbox account agreement, pledged account agreement, blocked account agreement, securities account control agreement, or any similar deposit or securities account agreements among the Notes Agent and/or the ABL Agent, one or more Grantors and the relevant financial institution depository or securities intermediary.

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Cash Management Account Bank and Lender providing for the exclusive control of the Cash Management Account and all other Subaccounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Depositary Agreement The Letter of Representations, dated June 26, 2007 by and among DTC, the Trust and the Trustee. The Trustee is authorized to enter into the Depositary Agreement on behalf of the Trust.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Deposit Account Control Agreement means each deposit account control agreement among a Borrower, the Administrative Agent and the Account Bank, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time.

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

  • Account Control Agreement means the Account Control Agreement among the Borrower, as debtor, the Collateral Agent, as secured party, and State Street Bank and Trust Company, as depository bank and Securities Intermediary, dated on or about the date hereof.

  • Account Control Agreement(s) means any agreement entered into by and among the Agent, Borrower and a third party bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which perfects Agent’s first priority security interest in the subject account or accounts.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Concentration Accounts has the meaning ascribed to it in Annex C.