Facility Accounts definition

Facility Accounts as defined in Section 8.1 of the Management Agreement.

Facility Accounts means the bank accounts opened and maintained by each Borrower with the Account Bank in accordance with clause 25 (Bank Accounts) and includes any replacement account or any sub-division or sub-account of any of those accounts Facility A Proposed Participations means:

Facility Accounts means the Sterling Account and the Foreign Currency Accounts;

Examples of Facility Accounts in a sentence

• The Facility Accounts may be overdrawn so long as: the total of the debit balances on the Facility Accounts, reduced by the total of the credit balances on the Facility Accounts, does not exceed the Net Limit.

• The Bank may refuse to allow a Customer to draw on a credit balance on a Facility Account if debit balances on other Facility Accounts would then cause a limit to be exceeded.

• In addition, Tenant shall deliver to Landlord the Annual Facility Financial Report and a Quarterly Facility Accounts Receivable Aging Report (based upon internal financial statements) within 60 days after the end of each fiscal year.

• This report should not in any way construed as a reissuance or redrafting of any of the previous audit report issued by us nor should this report be construed as new opinion on any of the financial statement referred to therein.

• In addition, Borrower shall deliver to Lender the Annual Facility Financial Report and a Quarterly Facility Accounts Receivable Aging Report (based upon internal financial statements) within 60 days after the end of each fiscal year.

More Definitions of Facility Accounts

Facility Accounts is defined in Section 1.01 of the Depository Agreement.

Facility Accounts means the Borrower Collection Account and each Trader Collection Account.

Facility Accounts means each account listed in Clause 9.2.1.

Facility Accounts means the Sterling Current Account and the Foreign Currency Current Account;

Facility Accounts means the account numbered in name of Dollar Financial U.K. Limited together with the accounts, of the Subsidiaries, listed in the Schedule attached;

Facility Accounts means the Sterling Current Accounts, the Foreign Currency Current Account and the Foreign Currency Creditor Account;

Facility Accounts means the Collection Account, the Distribution Account and/or the Reserve Account, as the case may be.