Facility Account definition

Facility Account means the Seller’s Account No. 55-66681 at Bank One.

Facility Account means Dairy Group’s Account No. 2000013850892 at Wachovia Bank, National Association (formerly known as First Union National Bank), ABA No. 000000000.

Facility Account means the account numbered 0000000 maintained by Seller in the name of “PDC Funding Company, LLC” at JPMorgan, together with any successor account or sub-account.

Examples of Facility Account in a sentence

• No Loan Party shall open a deposit account or securities account other than any Permitted Working Capital Facility Account, or change the account number of any Collateral Account, without first obtaining a Control Agreement in respect of such account in favor of the Collateral Agent.

• The Funding Agent shall remit such funds (to the extent received in the Funding Account) to the Facility Account, no later than 4:00 p.m. (New York City time) on such date.

• No Loan Party shall open, or instruct the Depositary Bank or any other Person to open, any bank accounts other than the Collateral Accounts, any Permitted Working Capital Facility Account and any other account permitted under this Agreement.

• The Loan Parties shall not maintain any securities accounts or bank accounts other than the Collateral Accounts and any Permitted Working Capital Facility Account.

• Except as otherwise specified in this Section 5.29, Borrower shall deposit all amounts transferred from the Permitted Working Capital Facility Account to the Revenue Account pursuant to the Permitted Working Capital Facility Documents.

More Definitions of Facility Account

Facility Account means, as the context requires, all or any one of the Collection Accounts or the Seller Operating Accounts.

Facility Account means Seller’s Account No. 10-45863 at JPMorgan Chase Bank, N.A.

Facility Account means Borrower’s account no. 8800849666 at SunTrust Bank.

Facility Account the Members Loan Account, Account Number Facility Amount $ or such other sum as may be varied in accordance with this Agreement. Facility Term: 5 years from the Commencement Date. Fees: means those fees payable by the Member to the Credit Union to cover the costs incurred by the Credit Union in connection with the Facility and this Agreement. Interest: means interest at the Annual Interest Rate payable to the Credit Union in respect of this Agreement as varied from time to time.

Facility Account has the meaning set forth in the Collection Account Disclosure Letter.

Facility Account has the meaning set out in clause 1.2. facility amount for a facility account, is the maximum amount of credit we may make available to you on the account as set out in the schedule as varied from time to time.

Facility Account means Seller’s Account No. 8188016122 at Bank of America.