Depository Accounts definition

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

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

Examples of Depository Accounts in a sentence

• Pay to Agent on demand all usual and customary fees and expenses which Agent incurs in connection with (a) the forwarding of Advance proceeds and (b) the establishment and maintenance of any Blocked Accounts or Depository Accounts as provided for in Section 4.15(h).

• A Financial Account is an account maintained by a Financial Institution and includes: Depository Accounts; Custodial Accounts; Equity and debt interest in certain Investment Entities; Cash Value Insurance Contracts; and Annuity Contracts.

• For example, a Depository Institution may maintain Custodial Accounts as well as Depository Accounts.

• The Servicer shall establish and maintain (or cause to be established and maintained) the Depository Accounts and the Post-Office Boxes at a United States Post Office.

• In addition to the Servicing Fee, the Servicer and any Successor Servicer shall be entitled to receive Supplemental Servicing Fees and Liquidation Expenses in accordance with Section 2.7 of the Indenture and is entitled to retain all Investment Earnings (net of losses and investment expenses) on the funds in its Depository Accounts.

More Definitions of Depository Accounts

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

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

Depository Accounts shall have the meaning set forth in Section 22.

Depository Accounts has the meaning provided in Section 8.20.

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 means any operating account set up and maintained by Borrower or an Executing Subsidiary with Agent.