General Funds Account definition

General Funds Account means an account maintained by the Parent Borrower, to which the Administrative Agent will, subject to the terms and conditions set forth herein, cause to be transferred certain amounts on deposit in the Collateral Proceeds Account.
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Examples of General Funds Account in a sentence

  • The Parent Borrower may at any time withdraw any funds contained in the General Funds Account for use, subject to the provisions of the Credit Agreement, for general corporate purposes.

  • The Collateral Agent will not be required to transfer any funds from the Collateral Proceeds Account to the General Funds Account until all Events of Default are cured or waived.

  • In the event that an Event of Default has occurred and is continuing, the Administrative Agent and the Grantors agree that the Administrative Agent, at its option, may require that each Collateral Proceeds Account and the General Funds Account of each Grantor be established at the Administrative Agent.

  • In the event that an Event of Default has occurred and is continuing, the U.S. Collateral Agent and the Grantors agree that the U.S. Collateral Agent, at its option, may require that each U.S. Collateral Proceeds Account and the General Funds Account of each Grantor be established at the U.S.

  • In the event that an Event of Default has occurred and is continuing, the Collateral Agent and the Grantors agree that the Collateral Agent, at its option, may require that each Collateral Proceeds Account and the General Funds Account of each Grantor be established at the Collateral Agent.

  • In the event that an Event of Default has occurred and is continuing, the Canadian Collateral Agent and the Grantors agree that the Canadian Collateral Agent, at its option, may require that each Collateral Proceeds Account and the General Funds Account of each Grantor be established at the Canadian Collateral Agent.

  • WESCO General Funds Account The Toronto-Dominion Bank 0690-▇▇▇▇▇▇▇ Toronto, Ont.