Local Account has the meaning provided in Section 3.1(c)(i).
Local Account means any local bank account (other than the Project Accounts) in the name of any Borrower.
Local Account means the local account established for the Local Bond within the 2016A Acquisition Fund.
Examples of Local Account in a sentence
Each Local Account and USD Account is considered a Permitted Account and must be interest-bearing to the extent practicable.
More Definitions of Local Account
Local Account. Is defined in Section 8.3.
Local Account has the meaning provided in Section 5.1(c)(i).
Local Account has the meaning set forth in Section 3 of the Cash ------------- Management Procedures.
Local Account has the meaning set forth in Section 2.6(a).
Local Account means a deposit account established and maintained by a financial institution in the name of an Originator into which account Obligor payments with respect to Receivables as well as payments on cash sales generated by such Originator are deposited. Each Local Account shall be identified on Schedule II hereto, as amended from time to time with the consent of the Administrative Agent.
Local Account means an account into which cash from restaurants of the Borrower and its Subsidiaries is initially deposited, and "Local Accounts" shall mean all such accounts collectively.
Local Account means the local account established for this Agreement within the 2019C Acquisition Fund.