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").

  • 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").

  • 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.

  • 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 ▇▇▇▇▇'▇ 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 o▇ ▇▇▇ ▇▇▇▇▇ 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.

  • 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 ▇▇▇ ▇▇▇▇▇ ▇he 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 agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds 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, “▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇”.

  • 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).