Depository Accounts definition

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

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Depository Accounts means the lock-box or blocked depository accounts maintained by the Borrower for the collection of the cash of the Borrower and the proceeds from the sale of the Inventory of the Borrower.

Depository Accounts means accounts of Borrower containing any ------------------- deposits or other sums credited to Borrower, whether in regular or special depository accounts or otherwise.

Examples of Depository Accounts in a sentence

• Agent shall apply all funds received by it from the Blocked Accounts and/or Depository Accounts to the satisfaction of the Obligations (including the cash collateralization of the Letters of Credit) in such order as Agent shall determine in its sole discretion, provided that, in the absence of any Event of Default, Agent shall apply all such funds representing collection of Receivables first to the prepayment of the principal amount of the Swing Loans, if any, and then to the Revolving Advances.

• All funds deposited in such Blocked Accounts or Depository Accounts shall immediately become subject to the security interest of Agent for its own benefit and the ratable benefit of Issuer, Lenders and all other holders of the Obligations, and Borrowing Agent shall obtain the agreement by such Blocked Account Bank to waive any offset rights against the funds so deposited.

More Definitions of Depository Accounts

Depository Accounts means the collection accounts, which are subject to CIT's instructions, as specified in Paragraph 3.4 of Section 3 of this Financing Agreement.

Depository Accounts means the collection accounts, which are subject to the Agent's instructions, as specified in Paragraph 3.4 of Section 3 of this Financing Agreement.

Depository Accounts has the meaning provided in Section 8.20.

Depository Accounts shall have the meaning specified in Section 3, Paragraph 4 hereof.

Depository Accounts shall have the meaning set forth in Section 23 hereof.

Depository Accounts are such bank accounts subject to the Master Agency Agreement in the name of the Servicer set forth in Exhibit B attached hereto and such other or different bank accounts subject to the Master Agency Agreement in the name of the Servicer designated by the Servicer as Depository Accounts pursuant to the Master Agency Agreement.

Depository Accounts shall have the meaning set forth in Section 4.8(h) hereof. "Designated Lender" shall have the meaning set forth in Section 16.2(d) hereof. "Disqualified Equity Interests" shall have the meaning set forth in the definition of "Indebtedness".