DESIGNATED GAS ACCOUNT definition

DESIGNATED GAS ACCOUNT means the deposit account at Bank that is subject to the Account Agreement. "ELIGIBLE GAS RECEIVABLES" shall mean, at any time, that portion of the Gas Receivables consisting of trade accounts receivable actually owing at such time (including, without limitation, accounts receivable in respect of natural gas that has been actually delivered at such time and will thereafter become due) to the Grantor by its Qualifying Account Debtors at such time, provided that such Gas Receivables are at such time subject to a duly perfected, first priority security interest and lien in favor of the Collateral Agent, subject only to any Permitted Liens, and after deducting therefrom (x) the portion thereof (but only the portion thereof), if any, that is subject at such time to any dispute, counterclaim, defense or right of setoff or deduction (including any discount or allowance), and (y) any amounts owing that are subject to Liens at such time as described in clause (b) of the definition of Permitted Liens as set forth herein (other than any such Lien held by any Secured Party), but excluding, however, in any event, any such Gas Receivable (except for any Gas Receivable owed by any Producer or such Producer's Affiliate) or portion thereof:
Sample 1

Related to DESIGNATED GAS ACCOUNT

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.

  • Joint Account means an Account opened in more than one name;

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

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

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Purchaser’s Account The account of the Purchaser at a bank or other entity most recently designated in a written notice by the Purchaser to the Sellers as the "Purchaser's Account."

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

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.

  • Separate Accounts means the accounts which are to be prepared for each

  • 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.

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

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • 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.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • 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.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Active Account means an individual investment account in the Plans with a balance greater than $0.00.

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Agent’s Account means the Deposit Account of Agent identified on Schedule A-1.

  • Investment Account As defined in Section 3.12(a).