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

Promptly following demand, pay to Agent 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 4.14(h).
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 8.2(b)(vi) of the Indenture and is entitled to retain all Investment Earnings (net of losses and investment expenses) on the funds in its Depository Accounts.
Alternatively, upon the occurrence and during the continuance of a Cash Dominion Event, Agent may establish depository accounts (collectively, the “Depository Accounts”) in the name of Agent at a bank or banks for the deposit of such funds and Loan Parties shall deposit all proceeds of Collateral or cause same to be deposited, in kind, in such Depository Accounts of Agent in lieu of depositing same to the Blocked Accounts.

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".