Depositary Accounts definition

Depositary Accounts shall have the meaning assigned to the term “Accounts” in the Depositary Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Depositary Accounts shall have the meaning assigned to such term in Section 2.19(a).

Depositary Accounts has the meaning set forth in the CADA.

Examples of Depositary Accounts in a sentence

• The Depositary Accounts shall have been established with the Depositary Agent.

• 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.

• The Seller hereby transfers to the Administrative Agent, effective when the Administrative Agent delivers such Lock-Box Notices, such Depositary Notices or such Concentration Notices, as the case may be, the exclusive ownership and control of such Lock-Box Accounts, such Depositary Accounts or such Concentration Accounts.

• No Obligor Party shall establish or maintain any deposit, securities, commodities, or similar accounts other than (a) the Depositary Accounts, (b) the Local Accounts, (c) one or more Cash Collateral Accounts and (d) one or more Excluded Commodity Accounts.

• The Depositary Accounts required to be open as of the Closing Date under the Depositary Agreement shall have been opened.

More Definitions of Depositary Accounts

Depositary Accounts is defined in the Depositary Agreement.

Depositary Accounts means (A) account number, with account name “GSRP PORTFOLIO II LLC PRJ REVENUE”; (B) account number, with account name “GSRP PORTFOLIO II LLC PRJ DSR ACCT”; (C) account number, with account name “GSRP PORTFOLIO II LLC PRJ DIST RES”; (D) account number, with account name “GSRP PORTFOLIO II LLC PRJ MAND PREP”; (E) account number, with account name “GSRP PORTFOLIO II LLC PRJ LC REIMB”; (F) account number, with account name “GSRP PORTFOLIO II LLC PRJ SUPP RES”; (G) account number, with account name “GSRP PORTFOLIO II LLC PRJ HD RES AC”; (H) account number, with account name “GSRP PORTFOLIO II LLC PRJ BUY RES”; and (I) account number, with account name “GSRP PORTFOLIO II LLC PRJ SUPP BUY”, each established at the Depositary.

Depositary Accounts has the meaning ascribed to such term in Section 3.2(d).

Depositary Accounts has the meaning given in Section 2.2 of the Depositary Agreement.

Depositary Accounts means the depositary accounts specified in Section 14.01 of the Senior Credit Agreement.

Depositary Accounts means the accounts of such name established under the Depositary Agreement.

Depositary Accounts means the depositary accounts specified in Section 14.01 (which accounts shall be reasonably satisfactory to the Administrative Agent).