Designated Deposit Accounts definition

Designated Deposit Accounts means the following deposit accounts maintained by ELFS and ending with the following numbers and identified in Section 3 of the Disclosure Schedule: x4090, x2282, and x7325 (each at Comerica), and x7778 and x8912 (each at Xxxxx Fargo Bank, N.A.).
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Designated Deposit Accounts means the depository bank accounts and the consolidating depository bank accounts, established and maintained by the Servicer and set forth on Exhibit B attached hereto, which (i) are not operating accounts of Servicer, (ii) are not subject to any Lien in favor of any Person and (iii) are deposit only accounts and withdrawals from such depository bank accounts may only be made either (a) for sweeping into consolidating Designated Deposit Accounts or (b) at the same time withdrawals from consolidating Designated Deposit Accounts are made for remittances by Servicer in accordance with the provisions of this Agreement.
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Designated Deposit Accounts has the meaning set forth in Section 2.10(c).
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Examples of Designated Deposit Accounts in a sentence

  • S1 is a hash that includes the proposer’s public key (pr.pk), all the four selected the leaders’ public keys [vl1.pk — vl4.pk], the blockchain ID (BlockchainID), and a random number (Rand1) as follows:S1 hash(pr.pk||vl1.pk||vl2.pk||vl3.pk||vl4.pk||blockcahinID||Rand1)Note that there is only one proposer secret S1.

  • Following the payment of the Initial Guaranty Payment and the posting of the Letter of Credit and on each business day thereafter (or as soon thereafter as is practicable, but in no event less than weekly), Merchant shall promptly pay to Agent by wire funds transfer all collected funds constituting Proceeds deposited into the Designated Deposit Accounts (but not any other funds, including, without limitation, any proceeds of Merchant’s inventory sold prior to the Sale Commencement Date).

  • Merchant shall not be responsible for, and Agent shall pay as an Expense hereunder, all bank fees and charges, including wire transfer charges, related to the Designated Deposit Accounts, whether notice of such expense is received during or after the Sale Term.

  • Bank shall not, however, be required to credit Borrowers’ account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may charge Borrowers’ Designated Deposit Accounts for the amount of any item of payment which is returned to Bank unpaid.

  • Not later than the Designated Deposit Accounts Expiration Date, the Loan Party Obligors shall provide Lender with evidence that such Designated Deposit Accounts have been closed, and any and all remaining funds have been transferred to one or more bank accounts subject to a Blocked Account control agreement in favor of Lender.

  • To the extent that Agent uses the Merchant’s Designated Accounts as the Agency Accounts, Merchant shall pay by wire funds transfer, on a daily basis, to Agent all collected funds constituting Proceeds (including credit card proceeds) deposited in Merchant’s Designated Deposit Accounts (but not any other funds, including, without limitation, any proceeds of Merchant’s inventory sold prior to the Sale Commencement Date).

  • Further, prior to the Designated Deposit Accounts Expiration Date, each Loan Party Obligor agrees to execute, and to cause its depository banks and other account holders to execute, such Lock Box and Blocked Account control agreements and other documentation regarding the Designated Deposit Accounts # x8912 and x7778 as Lender shall reasonably require from time to time in connection with the foregoing, all in form and substance reasonably acceptable to Lender.

  • Bank may deduct from the Designated Deposit Accounts amounts owing by Borrower under the clauses of this Section 2.3 pursuant to the terms of Section 2.4(c).

  • Bank may debit any of Borrowers’ deposit accounts, including the Designated Deposit Accounts, for principal and interest payments or any other amounts Borrowers owe Bank when due.

  • Merchant shall deposit the net settlement received from any credit card sales receipts into the Designated Deposit Accounts until Agent opens the Agency Accounts, at which time any credit card sales receipts shall be deposited into the Agency Accounts.


More Definitions of Designated Deposit Accounts

Designated Deposit Accounts means any of the following accounts the Eligible Client has with the Bank which is valid and existing: HKD Savings Account/Current Account, RMB Savings Account/Current Account and Foreign Currency Savings Account/Current Account.• Including HKD Statement/Passbook Savings/Current Account, Click-a-Count, My Dream Account, Integrated Deposits Account, Savings Account/Current Account in RMB, US Dollar, Pound Sterling, Euro, Australian Dollar, New Zealand Dollar, Canadian Dollar, Swiss Franc, Japanese Yen and Singapore Dollar, if any; AND• Excluding any MortgageOne® account, Mortgage$aver, Marathon Savings Account, Asia Miles Savings Account, Time Deposit Account, Bonus Payroll Account and any joint name account of which the Eligible Client is not the primary account holder.Deposit balance in RMB Savings Account(s)/Current Account(s) and other Foreign Currency Savings Account(s)/ Current Account(s) will be calculated in Hong Kong Dollar based on the foreign currency exchange rate(s) determined at the sole discretion of the Bank. In the event that the deposit account is in negative balance or the Eligible Client has not maintained any deposit account in his/her sole name (or in the capacity of primary account holder in case of joint-name account or in relation to his/her child) with the Bank on the Benchmark Date of Fund Growth, zero amount will be counted for the calculation.
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Designated Deposit Accounts means any each of the following accounts established and maintained pursuant to, and as defined in, the Warehouse Agreement: (a) the Participation Account, (b) the Pledged Account, (c) the Remittance Account, and (d) the Repayment Account.
Sample 1
Designated Deposit Accounts means the following deposit accounts ending with the following numbers and identified in Section 3 of the Disclosure Schedule: Bridgehampton National Bank:, xxx0431, xxx0456, xxx0480, xxx2759, xxx0577, Presidential Financial Corporation: xxx205, xxx208, xxx207, xxx209, Citibank, N.A, xxx838, and Wxxxx Fargo Bank, National Association xxx5407.
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Related to Designated Deposit Accounts

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Controlled Deposit Account means a Deposit Account that is subject to a Deposit Account Control Agreement.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • 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”.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • 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.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

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

  • Excluded Accounts means (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) xxxxx cash accounts funded in the ordinary course of business, (d) escrow, fiduciary or trust accounts, (e) designated disbursement accounts and non-U.S. bank accounts and (f) the funds or other property held in or maintained in any such account identified in clauses (a) through (e).

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

  • Security Deposit Account has the meaning given in Section 2.3.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

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

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)