GBG Account definition
Examples of GBG Account in a sentence
If accessing via the internet, the URL is as directed by your GBG Account Manager.
The GBG Account is not subject to any account control agreement or similar agreement granting (or purporting to grant) any Person (other than the Receivables Financing Agent or the Administrative Agent) “control” (as defined in Section 9-104 of the UCC) over the GBG Account.
The related depositary bank with respect to the GBG Account is not exercising any setoff rights with respect to any amounts on deposit in the GBG Account.
The Seller shall not permit funds other than (i) Collections on Pool Receivables and other Support Assets and (ii) Whitehall Funding Collections to be deposited into the GBG Account.
Each Originator shall not permit funds other than (i) Collections on Pool Receivables and other Support Assets and (ii) Whitehall Funding Collections to be deposited into the GBG Account.
The Servicer shall not permit funds other than (i) Collections on Pool Receivables and other Support Assets and (ii) Whitehall Funding Collections to be deposited into the GBG Account.
Such Originator shall remit all Collections received in the GBG Account to a Collection Account no later than five (5) Business Days following receipt thereof.
The Seller (or the Servicer on its behalf) shall, and shall cause each Originator to remit all Collections received in the GBG Account to a Collection Account no later than five (5) Business Days following receipt thereof.
No Collections held in the GBG Account are subject to any Adverse Claim (other than any rights of the Receivables Financing Agent in the GBG Account for which such Collections are deposited, but only to the extent that such GBG Account is subject to an Intercreditor Agreement).
No Collections held in the GBG Account are subject to any Adverse Claim (other than that of the Receivables Financing Agent).