Dominion Account definition
Dominion Account a special account established by Borrowers at Bank of America or another bank acceptable to Agent, over which Agent has exclusive control for withdrawal purposes.
Dominion Account has the meaning assigned to such term in Section 5.11.
Dominion Account means a special account established by a Borrower at Bank of America or another bank acceptable to the Administrative Agent, over which the Administrative Agent will have exclusive dominion and control for withdrawal purposes at any time; provided that, the applicable Borrower may access the funds in the Dominion Account until such time as a Cash Dominion Trigger Period exists.
Examples of Dominion Account in a sentence
A Credit Party will be the sole account holder of each Dominion Account and will not grant any Person (other than the Collateral Agent) a Lien on any Dominion Account or any property deposited therein (other than Permitted Liens that arise as a matter of law).
More Definitions of Dominion Account
Dominion Account means a special concentration account established by the Borrowers and maintained with the Administrative Agent or another bank reasonably acceptable to the Administrative Agent, over which the Administrative Agent has exclusive control for withdrawal purposes pursuant to the terms and provisions of this Agreement and the other Loan Documents.
Dominion Account has the meaning set forth in Section 2.10(c) hereof.
Dominion Account means, collectively, the U.S. Dominion Account and the Canadian Dominion Account.
Dominion Account means any Deposit Account of a Loan Party at Bank of America or its Affiliates or branches or another bank acceptable to the Administrative Agent, in each case which is subject to a Deposit Account Control Agreement.
Dominion Account with respect to the Canadian Domiciled Loan Parties, the Canadian Dominion Account, and with respect to the U.S. Facility Loan Parties, the U.S. Dominion Account.
Dominion Account means the U.S. Dominion Account and the Canadian Dominion Account.
Dominion Account with respect to (a) the Canadian Loan Parties, each Canadian Dominion Account, (b) the UK Loan Parties, each UK Dominion Account, and (c) the US Loan Parties, each US Dominion Account.