Domestic Account definition

Domestic Account means a Dollar-denominated account held by a U.S. bank or a U.S.-based subsidiary of a U.S. bank or a U.S. branch or U.S. subsidiary of a non-U.S. bank, including Dollar-denominated investment or sweep accounts held in Nassau, The Bahamas.

Domestic Account means each bank account held in the United States:

Domestic Account means any Account for which the Account Debtor is subject to the personal jurisdiction of federal or state courts in the United States of America (and is subject to service of process in the U.S.).

Examples of Domestic Account in a sentence

• The daily control limit limits the overall value of payments (excluding SEPA Bulk or BACS payments, Domestic Account Transfers and International Account Transfers) that can be authorised on a BOL profile.

• The Administrative Agent and the Domestic Account Bank, as agent for the Administrative Agent on behalf of the Lender Parties, shall have with respect to the foregoing collateral, in addition to the rights and remedies herein set forth, all of the rights and remedies available to a secured party under the U.C.C., as if such rights and remedies were fully set forth herein.

• All sales and other transactions underlying or giving rise to each Eligible Domestic Account and Eligible Foreign Account shall comply in all material respects with all applicable laws and governmental rules and regulations.

• Xxxxx Timberland and the other Loan Parties acknowledge that the Domestic Account Bank may comply with instructions originated by the Administrative Agent without further consent by any of Xxxxx Timberland or the other Loan Parties.

• Borrower has no knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are an Eligible Domestic Account and Eligible Foreign Account in any Borrowing Base Certificate.

More Definitions of Domestic Account

Domestic Account has the meaning set forth in clause (h) of the definition of “Permitted Investments.”

Domestic Account. The word "Domestic Account" means a trade account, account receivable, or other right to payment for goods sold or services rendered owing to ASI, Yuma Acquisition Subsidiary, Inc. ("Yuma"), a wholly-owned subsidiary of ASI and one of the Guarantor's of ASI's obligations hereunder, or to a third party grantor acceptable to Lender.

Domestic Account means an Account arising in a sale made in and to an account debtor located in the United States of America.

Domestic Account means an Account, with respect to which, the Account Debtor (x) maintains its chief executive office in the United States and (y) is organized under the laws of the United States or any state thereof.

Domestic Account means each bank account held by a member of the Group in the United States: set out in Schedule 7 (Domestic Accounts); and opened after the date of this Agreement.

Domestic Account means an Account arising from the sale of goods to or services performed for an account debtor located ----------------- within the United States of America or Canada; EBITDA: shall mean for any period the total of (a) the consolidated net income of the Borrower and the Guarantors, plus (b) ------ amounts paid by the Borrower and the Guarantors in respect of taxes, plus (c) to the extent deducted in calculating net income, the consolidated interest, depreciation and amortization expense of the Borrower and the Guarantors, plus (d) to the extent deducted in calculating net income, extraordinary losses, non-recurring losses and non-cash losses. Eligible Account: means, at any time, an Account that conforms and continues to conform to the following conditions: ----------------

Domestic Account means each account receivable of a Qualified Comshare Company on which the account debtor is located within the United States of America.