Government Receivables Deposit Account definition

Government Receivables Deposit Account shall have the meaning provided in Section 9.15(a).
Government Receivables Deposit Account any Deposit Accounts containing or receiving Government Accounts Receivable deposited or transferred by Governmental Authorities.
Government Receivables Deposit Account means any deposit account into which payments from Medicaid, Medicare, TRICARE or other state or federal healthcare payor programs are deposited, or in which funds are deposited to provide credit support, ACH support or other reserves for Borrowers, which accounts shall include all accounts listed on Schedule 7.12(b) (as such schedule may be updated from time to time by Borrowers as part of the Compliance Certificate delivered pursuant to Section 6.2(d)).

Examples of Government Receivables Deposit Account in a sentence

  • The Borrowers will not transfer any funds out of the Government Receivables Deposit Account or any Blocked Account except to the Concentration Account.

  • All proceeds of the sale or other disposition of any Collateral, shall be deposited directly into a Blocked Account or the Concentration Account (or if proceeds of Government Accounts, into a Government Receivables Deposit Account).

  • Following the establishment of the Cash Management Systems pursuant to Section 9.15(a), all proceeds of the sale or other disposition of any Collateral, shall be deposited directly into a Blocked Account or the Concentration Account (or if proceeds of Government Accounts, into a Government Receivables Deposit Account).

  • No Loan Party shall withdraw or otherwise transfer funds from any Facility Lockbox Account or Government Receivables Deposit Account other than pursuant to the standing sweep instructions transferring such funds to the Concentration Account.

  • No Credit Party will transfer any funds out of any Government Receivables Deposit Account or any other Blocked Account except to the Concentration Account.

  • Each such Government Receivables Deposit Account Agreement and Private Deposit Account Agreement shall provide, among other things, that the bank at which any such Blocked Account is maintained, agrees to forward on a daily basis all available amounts in each such account to the Concentration Account (provided, that Government Receivables Deposit Account Agreements shall also provide that such direction to make daily transfers to the Concentration Account may be revoked by the applicable Credit Party.

  • Private Deposit Account: each Deposit Account of any Credit Party other than a Government Receivables Deposit Account.

  • The Parties agree that acceptance of monthly invoices by the Department is contingent upon the Contractor completing services described in section 1.18 as appropriate.1.4. Performance Standards.

  • Whenever balances on deposit in an Excluded Facility Deposit Account exceed $20,000, all amounts then on deposit in such Excluded Facility Deposit Account shall within 5 Business Days thereof be deposited into a Private Deposit Account or the Concentration Account (or if collections or proceeds of Government Accounts, solely into a Government Receivables Deposit Account) or dealt with in such other fashion as required or permitted under the terms of the ABL Facility Documentation.

  • Each Loan Party shall be the sole account holder of each DDA (other than an Excluded Account) and shall not allow any other Person (other than the Administrative Agent) to have control over or a Lien on a DDA (other than an Excluded Account) or any property deposited therein (it being understood that the Administrative Agent shall not have a control over or a Lien on any Specified Government Receivables Deposit Account).


More Definitions of Government Receivables Deposit Account

Government Receivables Deposit Account has the meaning ascribed to it in Section 6.16. “Government Receivables Deposit Account Agreement” has the meaning ascribed to it in Section 6.16.
Government Receivables Deposit Account shall have the meaning set forth in the Guaranty and Security Agreement.
Government Receivables Deposit Account means any Deposit Account of a Grantor that is used exclusively to receive the proceeds of Government Receivables.
Government Receivables Deposit Account means any deposit account into which payments from Medicaid, Medicare, TRICARE or other state or federal healthcare payor programs are deposited, or in which funds are deposited to provide credit support, ACH support or other reserves for Borrowers, which accounts shall include the following: Orono Operations LLC Govt Receipts 359681324745 KeyBank Belfast Operations, LLC Govt. Receipts 359681324737 KeyBank Farmington Operations LLC Govt. Receipts 359681324752 KeyBank Falmouth Operations, LLC Govt. Receipts 359681324760 KeyBank Xxxxxxxxx 359681324778 KeyBank Skowhegan SNF Operations LLC Govt. Receipts 359681324786 KeyBank Lewiston Operations LLC Govt. Receipts 359681324794 KeyBank Waterville SNF Operations LLC Govt. Receipts 359681324802 KeyBank Kennebunk Operations LLC Govt. Receipts 359681324810 KeyBank Camden Operations LLC Govt. Receipts 359681324828 KeyBank Scarborough Operations LLC Govt. Receipts 359681324836 KeyBank Genesis Healthcare of Maine, LLC Government Receipts Concentration 359681324711 KeyBank One Price Drive Operations LLC Government Receipts Depository 9860581033 M&T Bank
Government Receivables Deposit Account means each Deposit Account designated as a “Government Receivables Deposit Account” on Annex M to this Agreement.

Related to Government Receivables Deposit Account

  • Government Accounts means Accounts on which any federal or state governmental unit or any intermediary for any federal or state governmental unit is the Account Debtor.

  • 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.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • 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 is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Eligible Account Receivable means an Account Receivable owing to the Company or any Domestic Subsidiary which meets the following requirements:

  • 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.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • 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.

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

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Collection Accounts As defined in Section 3.10(a).

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

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

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

  • 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.

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Account Receivable means, with respect to any Person, any and all rights of such Person to payment for goods sold and/or services rendered, including accounts, general intangibles and any and all such rights evidenced by chattel paper, instruments or documents, whether due or to become due and whether or not earned by performance, and whether now or hereafter acquired or arising in the future, and any proceeds arising therefrom or relating thereto.

  • Yield Supplement Account Deposit means the initial deposit of cash in the amount of $[_________] made by or on behalf of the Seller into the Yield Supplement Account on the Closing Date.