Depository Account Agreement definition

Depository Account Agreement means each agreement, substantially in the form of Exhibit L hereto, among a Depository Bank, the Borrowers, and the Agent delivered to the Agent when required pursuant to Section 8.11 hereof, as each such Agreement may be modified and supplemented and in effect from time to time.
Sample 1
Depository Account Agreement has the meaning set forth in Section 2.10 hereof.
Sample 1Sample 2
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.
Sample 1

Examples of Depository Account Agreement in a sentence

  • 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.

  • The Deposit Accounts for the Eligible Properties shall be subject to a Depository Account Agreement in form satisfactory to the Agents.

  • 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.

  • 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.

  • In the event of any conflict between the Depository Account Agreement and this Agreement, this Agreement will control.

  • Upon and during the continuance of an Event of Default, the Loan Parties, other than Tres Hombres Incorporated, shall, upon the request of the Lender, use their best efforts to cause each Depository Bank maintaining a Depository Account to promptly, and in any event within 30 days after the date of such request, enter into a Depository Account Agreement.

  • The Servicer shall be liable for the fees and expenses of the Trustee, the Indenture Trustee, the Backup Servicer, the Depository Bank (and any fees under the Depository Account Agreement) and the Independent Accountants.

  • EXHIBIT B to Guaranty and Collateral Agreement Form of Depository Account Agreement [Name and Address of Bank] _____________, 19__ First Union National Bank, as Administrative Agent One Xxxxx Xxxxx Xxxxxx, XX-0 000 Xxxxx Xxxxxxx Xxxxxx Xxxxxxxxx, Xxxxx Xxxxxxxx 00000-0000 Xxxention: C.

  • The Borrower will not, and will not permit CHI Finance to, amend, modify or change, or consent or otherwise agree to any amendment, modification or change to, the Blocked Account Agreement or the Depository Account Agreement, except as provided therein.

  • Administrative Borrower shall notify Agent in writing promptly, and in any event within five (5) days, after the establishment of any new credit card relationship and cause to be delivered to Agent, within fifteen (15) days of the establishment of a new credit card relationship, a Credit Card Depository Account Agreement duly executed by the applicable Loan Party and such new credit card servicer.


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.
Sample 1
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.
Sample 1
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.
Sample 1
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.
Sample 1

Related to Depository Account Agreement

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

  • 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.

  • 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.

  • 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).

  • 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.

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

  • 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.

  • 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.

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

  • 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.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • 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.

  • 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.

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

  • Deposit Account Control Agreement means an agreement, in form and substance reasonably satisfactory to the Administrative Agent, among any Loan Party, a banking institution holding such Loan Party’s funds, and the Administrative Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by such Loan Party with such banking institution.

  • Deposit Account Control Agreements means the deposit account control agreements or blocked account agreements in a form that is reasonably satisfactory to the Agent to be executed by each institution maintaining a deposit account or securities account for any of the Credit Parties, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations to the extent required by Section 4.14(g) or any other provision of this Agreement or any Other Document.

  • Account Control Agreement(s) means any agreement entered into by and among the Lender, 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 grants Lender a perfected first priority security interest in the subject account or accounts.

  • 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.

  • Control Agreements means, collectively, the Deposit Account Control Agreement, the Securities Account Control Agreement and the Commodity Account Control Agreement.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Commodity Account Control Agreement means a control agreement in a form that is reasonably satisfactory to the Collateral Agent establishing the Collateral Agent’s Control with respect to any Commodity Account.

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