ledger account definition
ledger account means an account opened in the name of the Accountant under—
ledger account means the account referred to in Paragraph 4 of Schedule 1 to this Agreement;
ledger account shall have the meaning set forth in the Operating Agreement.
More Definitions of ledger account
ledger account means with respect to ADM Polymer Corporation, the Ledger Account maintained for the purpose of determining certain rights and obligations of ADM Polymer Corporation, MBX and the Joint Sales Company pursuant to this Agreement and the other Commercial Alliance Agreements, all in accordance with the following provisions: * CONFIDENTIAL TREATMENT REQUESTED
ledger account. ’ means an account opened in the name of the
ledger account means a ledger (or book-entry) account maintained by ▇▇▇▇▇▇▇▇ on its books and records in the name of Customer for purposes of this Agreement. “Lien” means any interest in property securing an obligation including any security interest, bond, mortgage, assignment (whether absolute or by way of security), tax lien or other lien (statutory or otherwise), restriction, pledge or any other encumbrance of any kind or nature whatsoever. “Lockbox Instructions” means the instructions set forth on Schedule 2. “Material Adverse Effect” means, with respect to any Person, the effect of any event or circumstance that, taken alone or in conjunction with other events or circumstances, (a) has or could be reasonably expected to have a material adverse effect on the business, operations, properties, prospects or condition (financial or otherwise) of such Person, on the value of any material Collateral, on the enforceability of any Related Document, or on the validity or priority of Wintrust’s liens on any Collateral; (b) impairs in any material respect the ability of Customer or any Guarantor to perform its obligations under the Related Documents, including repayment of any Obligations; or (c) otherwise impairs in any material respect the ability of Wintrust to enforce or collect any Obligations or to realize upon any Collateral. “Obligations" means (a) all present and future obligations owing by Customer to Wintrust or its Affiliates, whether or not for the payment of money and whether or not evidenced by any note or other instrument, and including all Advances, fees, costs, expenses, debts, liabilities, indemnities and obligations due to Wintrust or its Affiliates by Customer (including interest, fees and expenses accruing during the pendency of any Insolvency Proceeding, regardless of whether allowed or allowable in such proceeding), including liability for breach of any warranty, representation or covenant and duty, of every kind and description that Customer owes to Wintrust under this Agreement or any Related Document or otherwise, (b) all Bank Product Obligations, and (c) obligations and liabilities of Customer for goods or services which are purchased by Customer from another Person and which give rise to an Account factored or financed by Wintrust or its Affiliates, in each case, whether or not evidenced by a writing and whether or not for the payment of money, direct or indirect, absolute or contingent, due or to become due, joint or several, primary or secondary,...
ledger account means the incentive compensation ledger account in the name of Employee which provides a record of the number of Deferred Compensation Units, Additional Compensation Units and USSC Compensation Units awarded to Employee and the number of units that have vested.