Domestic Concentration Account definition

Domestic Concentration Account has the meaning provided in Section 6.13(c).
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Domestic Concentration Account has the meaning provided in SECTION 2.18(d).
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Domestic Concentration Account means a Deposit Account (a) which is owned by Interface; (b) which is maintained with the Collateral Agent; (c) over which the Collateral Agent has “control” (as such term is used in Article 9 of the UCC); (d) into which funds on deposit in the Domestic Collateral Reserve Accounts shall be concentrated in accordance with the terms of Section 7.16; and (e) which has been designated as the “Domestic Concentration Account” by mutual agreement of the Collateral Agent and Interface.
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Examples of Domestic Concentration Account in a sentence

  • Notwithstanding the foregoing, to the extent that no Obligations are outstanding any amounts deposited in the Domestic Concentration Account and the Canadian Concentration Account shall be disbursed by the Administrative Agent or Canadian Agent, as applicable to such depository accounts as may be designated by the applicable Borrower.


More Definitions of Domestic Concentration Account

Domestic Concentration Account means the account maintained by the Administrative Agent at Bank of America into which cash receipts and collections of the Domestic Loan Parties (including, without limitation, from the Collateral) are deposited to the extent required hereby or by any other Loan Document.
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Domestic Concentration Account means Account No. 4000-3664 at Citibank, N.A. in New York, New York, or such other account as is acceptable to the Administrative Agent as a concentration account.
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Domestic Concentration Account means account number 00000000, in the name of the Administrative Agent, maintained with Citibank in New York, New York.
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Domestic Concentration Account means a Deposit Account (a) which is owned by Interface; (b) which is maintained with the Collateral Agent; (c) over which the Collateral Agent has "control" (as such term is used in Article 9 of the UCC); (d) into which funds on deposit in the Domestic Collateral Reserve Accounts shall be concentrated in accordance with the terms of Section 7.16; and (e) which has been designated as the "Domestic Concentration Account" by mutual agreement of the Collateral Agent and Interface.
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Domestic Concentration Account means account number 30508139, in the name of the Administrative Agent, maintained with Cixxxxxx xn New York, New York.
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Related to Domestic Concentration Account

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

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

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.