Depository Account Agreement definition

Depository Account Agreement means an agreement, substantially in the form of Exhibit H hereto, among a Depository Bank, a Borrower and the Agent delivered to the Agent pursuant to Section 7.13.

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Depository Account Agreement has the meaning set forth in Section 2.10 hereof.

Depository Account Agreement means the amended and restated depository account agreement among the Agent, the Borrower, CHI Finance and the Depository Account Bank, substantially in the form of Exhibit G hereto, as amended, supplemented or otherwise modified from time to time.

Examples of Depository Account Agreement in a sentence

Additionally, Borrower and its bank shall execute and deliver a Blocked Account Agreement or Depository Account Agreement (as TBCC shall designate), in form and substance satisfactory to TBCC.
The terms and conditions set forth in this Securities Depository Account Agreement (the “Agreement”) apply, and Client is bound by them, if Client has requested CA Indosuez Wealth (Miami) to open a securities depository account (the “Account”) by initialing the corresponding box in Item V of the Account Application.
The Deposit Accounts for the Eligible Properties shall be subject to a Depository Account Agreement in form satisfactory to the Agents.
If, after any such request by the Agent, a Company Party is unable to obtain a Depository Account Agreement from any financial institution that receives remittances or other proceeds of sales of Inventory within such thirty (30) day period, such Company Party shall promptly thereafter terminate such accounts and establish new accounts at a financial institution that will enter into a Depository Account Agreement.
Upon and during the continuance of an Event of Default, each Company Party shall, upon the request of the Agent, use its best efforts to cause each Depository Bank maintaining a Depository Account which has not previously delivered a Depository Account Agreement as aforesaid to promptly, and in any event within thirty (30) days after the date of such request, enter into a Depository Account Agreement.
If, after any such request by the Agent, the Borrower is unable to obtain a Depository Account Agreement from any financial institution that receives remittances or other proceeds of sales of Inventory within such thirty (30) day period, the Borrower shall promptly thereafter terminate such accounts and establish new accounts at a financial institution that will enter into a Depository Account Agreement.
If, after any such request by the Administrative Agent, the Borrower is unable to obtain a Depository Account Agreement from any financial institution that receives remittances or other proceeds of sales of Inventory within such twenty (20) day period, the Borrower shall promptly thereafter terminate such accounts and establish new accounts at a financial institution that will enter into a Depository Account Agreement.
Except with respect to the Depository Account Agreement or as otherwise provided in this Agreement or any of the other Loan Documents by specific reference to the applicable provisions of this Agreement, if any provision contained in this Agreement conflicts with any provision in any of the other Loan Documents, the provision contained in this Agreement shall govern and control.
Each Guarantor shall promptly, and in any event not later than five (5) days after the opening of any such new account, notify the Agent in writing of the creation of any new Depository Account and shall at the time of such notice cause each Depository Bank maintaining a Depository Account to promptly, and in any event within thirty (30) days after the date of such notice enter into a Depository Account Agreement.
If, after any such request by the Lender, the Loan Parties are unable to obtain a Depository Account Agreement from any financial institution that receives remittances or other proceeds of sales of Inventory within such 30 day period, the Loan Parties shall promptly thereafter terminate such accounts and establish new accounts at a financial institution that will enter into a Depository Account Agreement.

More Definitions of Depository Account Agreement

Depository Account Agreement means that certain depository account agreement entered into on January 22, 2002 by and among Wachovia Bank, National Association, Agent and Parent with respect to, among other things, the Concentration Account and the Foothill Account, which remains in effect in the Chapter 11 Case.

Depository Account Agreement means each agreement, substantially in the form of the agreement attached as EXHIBIT O among a Depository Bank, the Company or any other Company Party and the Agent, delivered to the Agent when required pursuant to Section 7.15 hereof, as each such agreement may be modified and supplemented and in effect from time to time.

Depository Account Agreement means the Account Control Agreement by and among AmeriCredit Canada and the Depository Bank, as such agreement may be amended, supplemented or replaced from time to time, and entered into by the Servicer and the Depository Bank with respect to the Depository Account.

Depository Account Agreement means a depository account agreement as amended, modified or supplemented from time to time, which provides, among other things, that (1) deposited funds are forwarded daily from the Depository Account to the Concentration Account, (2) collection procedures otherwise governing the Depository Account shall be satisfactory to the Lender and will continue unchanged, (3) the Depository Account is pledged to the Lender and (4) the bank that established the Depository Account will not change the agreed procedures without the prior written consent of the Lender.