Existing Deposit Accounts definition

Existing Deposit Accounts has the meaning assigned in Section 5.12.
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Existing Deposit Accounts shall have the meaning provided in Section 3.7 of this Agreement.
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Existing Deposit Accounts shall have the meaning set forth in Section 4.14(h).
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Examples of Existing Deposit Accounts in a sentence

  • Section 5.12 of the Disclosure Schedule also identifies each of the Existing Deposit Accounts which is to be closed by the Borrower and its Subsidiaries, all in accordance with Section 6.8 of this Agreement.

  • Each of Borrower and the Parent Guarantors has furnished to Bank accurate information regarding the account number of each of the Existing Deposit Accounts.

  • Each Loan Party shall instruct all of its Customers to make all payments into a Blocked Account (it being understood and agreed that, notwithstanding the foregoing, on or before the date that is ninety (90) days after the date hereof (or such later date as Agent shall agree in writing), all Customers of Borrowers shall be remitting all payments to the Existing Deposit Accounts maintained with Xxxxx Fargo Bank, N.A. or Bank of America, N.A., or to a Blocked Account).

  • The Borrower has furnished to Bank accurate information regarding the account number of each of the Existing Deposit Accounts.

  • Each Loan Party shall instruct all of its Customers to make all payments into a Blocked Account (it being understood and agreed that, notwithstanding the foregoing, on or before the date that is ninety (90) days after the date hereof (or such later date as the Lender shall agree in writing), all Customers of Borrowers shall be remitting all payments to the Existing Deposit Accounts maintained with Xxxxx Fargo Bank, N.A. or Bank of America, N.A. or to a Blocked Account).

  • Section 5.12 of the Disclosure Schedule also identifies each of the Existing Deposit Accounts which is to be closed by the Borrower or by any of the other Credit Parties, all in accordance with Section 6.7 of this Agreement.

  • The Principal Companies have furnished to the Administrative Agent accurate information regarding the account number of each of the Existing Deposit Accounts.

  • The Debtor owns no Instruments, Chattel Paper, Investment Property, money or any other Collateral with respect to which possession or control is a method of perfecting Agent's security interest, except for the Existing Deposit Accounts.

  • XxXxxxxx Title: Authorized Signer [Collateral Account Control Agreement - Calpine Generating Company, LLC] SCHEDULE 1 Part A List of Existing Deposit Accounts Subject to this Agreement Exact Name of Account Account Number --------------------- -------------- None.


More Definitions of Existing Deposit Accounts

Existing Deposit Accounts means the Existing Xxxxxxxx Deposit Accounts, the Existing JBC Account, the Existing Xxxxxx Southern Deposit Accounts, and the Existing Prime Deposit Accounts.
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Existing Deposit Accounts means the deposit accounts maintained at Bank One, as follows:
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Existing Deposit Accounts means the deposit accounts of the Borrower and its Subsidiaries in existence on the date hereof and identified on Part I of Schedule 6.16(b).
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Related to Existing Deposit Accounts

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • 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.

  • Controlled Deposit Account means each Deposit Account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

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

  • Security Deposit Account has the meaning given in Section 5.1.

  • 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.

  • 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”.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Deposit Account Control Agreement means an agreement, in form and substance reasonably satisfactory to the Administrative Agent, among any Loan Party, a banking institution holding such Loan Party’s funds, and the Administrative Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by such Loan Party with such banking institution.

  • 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.

  • 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.

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

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

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

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

  • Deposit Account Bank means a financial institution at which a Deposit Account is maintained.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.