Items Collateral means, collectively, all checks, drafts, instruments, cash and other items at any time received in any Lockbox or for deposit in any Account (subject to specific Lockbox instructions in effect for processing items), wire transfers of funds, automated clearing house (“ACH”) entries, credits from merchant card transactions and other electronic funds transfers or other funds deposited in, credited to, or held for deposit in or credit to, any Account. The parties desire to enter into this Agreement in order to set forth their relative rights and duties with respect to the Account Collateral. In consideration of the mutual covenants herein as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
Items Collateral means, collectively, all checks, drafts, instruments, cash and other items at any time received for deposit in the Account, and any and all automated clearing house (“ACH”) entries, and other electronic funds transfers, cash or other funds deposited in, credited to, or held for deposit in or credit to, the Account.
Items Collateral as used herein shall mean, collectively, all checks, drafts, instruments, cash and other items at any time received in any Lockbox or for deposit in any Account (subject to specific Lockbox instructions in effect for processing items received in the Lockboxes), and all wire transfers of funds, automated clearing house ("ACH") entries, credits from a merchant card transaction and other electronic funds transfers or other funds deposited in, credited to, or held for deposit in or credit to, any Account. The parties desire to enter into this Agreement in order to set forth their relative rights and duties with respect to the Account Collateral. In consideration of the mutual covenants herein as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
Examples of Items Collateral in a sentence
The Accounts, Items Collateral, operation of the Accounts, and Deposit Agreement shall be governed by the Applicable UCC, Federal Regulations and Operating Circulars, ACH or other clearing house rules, and other applicable laws.
Upon termination of the Agreement, all funds thereafter on deposit or deposited in the Account(s) and all Items Collateral received by the Bank shall be subject solely to the provisions of the Deposit Agreement between the Company and the Bank.
During the term of this Agreement the Bank will not enter into any agreement with any person other than the Secured Party pursuant to which the Bank will be obligated to comply with instructions from such person as to the disposition of funds in any Account or of Items Collateral.
Each of the Company and the Secured Party authorizes and instructs the Bank to supply the Company’s or the Secured Party’s endorsement, as appropriate, to any Items Collateral that the Bank shall receive for deposit to any Account.
The parties hereto agree to use commercially reasonable efforts to cooperate with each other in connection with the matters contemplated by this Agreement, including, without limitation, furnishing to each other information concerning any Items Collateral and amounts held in the Collection Accounts.
More Definitions of Items Collateral
Items Collateral means, collectively, all checks, drafts, instruments, cash and other items at any time received in a Lockbox or for deposit in an Account (subject to specific Lockbox instructions in effect for processing items), wire transfers of funds, automated clearing house (“ACH”) entries, credits from merchant card transactions, and other electronic funds transfers or other funds deposited in, credited to, or held for deposit in or credit to, an Account. The parties desire to enter into this Agreement in order to set forth their relative rights and obligations with respect to the Account Collateral. In consideration of the mutual covenants herein as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
Items Collateral means, collectively, all checks, drafts, instruments, cash and other items at any time received in any Lockbox or for deposit in any Account (subject to specific Lockbox instructions in effect for processing items), wire transfers of funds, automated clearing house ("ACH") entries, credits from merchant card transactions and other electronic funds transfers or other funds deposited in, credited to, or held for deposit in or credit to, any Account, other than to the extent any of the foregoing relate to Unsold Receivables (as such term is defined in the Credit Agreement). The parties desire to enter into this Agreement in order to set forth their relative rights and duties with respect to the Account Collateral. In consideration of the mutual covenants herein as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
Items Collateral means, collectively, all checks, drafts, instruments, cash and other items at any time received for deposit in the Account, and any and all automated clearing house (“ACH”) entries, and other electronic funds transfers, cash or other funds deposited in, credited to, or held for deposit in or credit to, the Account. contrary in any other document executed by Bank and Company in connection with the Account, that the Account shall be subject only to the control and instructions of the Company as the By this Agreement, the parties intend, notwithstanding anything to the C. provider under the Medicare and Medicaid programs.
Items Collateral means, collectively, all checks, drafts, instruments, cash and other items at any time received in any Lockbox or for deposit in any Account (subject to specific Lockbox instructions in effect for processing items), wire transfers of funds, automated clearing house ("ACH") entries, credits from merchant card transactions and other electronic funds transfers or other funds deposited in, credited to, or held for deposit in or credit to, any Account. The parties desire to enter into this Agreement in order to provide for control by Secured Party of the Account Collateral and to perfect the security interest of the Secured Party in the Account Collateral. In consideration of the mutual covenants herein as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
Items Collateral means, collectively, all checks, drafts, instruments, cash and other items at any time received for deposit in the Account, and any and all automated clearing house (“ACH”) entries, and other electronic funds transfers, cash or other funds deposited in, credited to, or held for deposit in or credit to, the Account. , located in , (said state being the “Property Jurisdictionject”). The Loan is being insured by the United States Department of Housing and Urban Development (“HUD”) under Section of the National Housing Act, as amended. Borrower and Company have entered into a certain lease dated , pursuant to which Company, as lessee, shall operate the Project and collect certain fees connected therewith.]
Items Collateral as used herein shall mean, collectively, all checks, drafts, instruments, cash and other items at any time received in any Lockbox or for deposit in any Account (subject to specific Lockbox instructions in effect for processing items received in the Lockboxes), and all wire transfers of funds, automated clearing house ("ACH") entries, credits from a merchant card transaction and other electronic funds transfers or other funds deposited in, credited to, or held for deposit in or credit to, any Account and all proceeds of any of the foregoing. The Company and the Agent hereto desire to enter into this Agreement to perfect the security interest of the Agent in the Account Collateral, to vest the Agent with control of the Account Collateral and to set forth the parties' relative rights and duties with respect to the Account Collateral. In consideration of the mutual covenants herein as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
Items Collateral means, collectively, all checks, drafts, instruments, cash and other items at any time received in any Lockbox or for deposit in any Account (subject to specific Lockbox instructions in effect for processing items), wire transfers of funds, automated clearing house (“ACH”) entries, credits from merchant card transactions and other electronic funds transfers or other funds deposited in, credited to, or held for deposit in or credit to, any Account. The parties hereto entered into a Deposit Account Control Agreement dated as of October 27, 2006 with respect to the Company’s Accounts (as in effect on the date hereof, the “Existing Deposit Account Control Agreement”). The parties desire to amend and restate the Existing Deposit Account Control Agreement in order to set forth their relative rights and duties with respect to the Account Collateral. In consideration of the mutual covenants herein as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby amend and restate the Existing Deposit Account Control Agreement and agree as follows: