Local Bank Accounts definition

Local Bank Accounts means each bank account of each Loan Party identified under the heading “Local Bank Account” on Schedule 7.01(u) hereto.
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Local Bank Accounts has the meaning set forth in Section 6.10 of the Credit Agreement.
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Local Bank Accounts means, with respect to a relevant Jurisdiction, the Central Chargor Account for that Relevant Jurisdiction together with the Store Accounts held by each of the Chargors in that Relevant Jurisdiction;
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Examples of Local Bank Accounts in a sentence

  • The Chief Finance Officer or nominated officer may at their discretion examine and reconcile Local Bank Accounts and for this purpose shall be entitled to receive such information and explanation as may be required.

  • Schools must have regard to the requirements of the Guidance for Managing Local Bank Accounts issued by the Authority.

  • To the extent any Local Bank Accounts are not established as of the Closing, Buyer shall use its reasonable best efforts to establish such Local Bank Accounts as promptly as reasonably practicable following the Closing.

  • Without limiting the foregoing, the aggregate amount of funds maintained by Loan Parties in Local Bank Accounts shall not exceed $500,000 at any time.

  • Governing bodies in their management of delegated budgets must abide by the authority’s requirements on financial control and monitoring; both those in this Scheme and those requirements in more detailed publications referred to in this Scheme, namely and School’s Financial Instructions and the Scheme for the Operation of Local Bank Accounts.

  • All of the Blocked Accounts and the Local Bank Accounts (but not the Restricted Accounts) shall be governed by “control” or other agreements in form and substance acceptable to Agent satisfactory to, among other things, establish Agent’s perfection and rights in such Blocked Accounts and the Local Bank Accounts or other accounts under the UCC and other applicable law.

  • The County Council has been reviewing the Guidance Notes for the Operation of Schools Local Bank Accounts, which included a proposal to introduce a Cash Flow Advance Loan proforma, and sought Forum views about revised charges for 2020/21.

  • The County Council has been reviewing the Guidance Notes for the Operation of Schools Local Bank Accounts, which includes a proposal to introduce a Cash Flow Advance Loan proforma.

  • Without limiting the generality of the foregoing, Loan Parties shall on the Closing Date deliver to Agent deposit account control agreements covering the Local Bank Accounts, executed by and among Agent, the applicable depository banks and the Loan Parties in whose name the Local Bank Accounts are maintained, in form and substance satisfactory to Agent, and Agent shall send a Control Notice to such depository banks at any time a Cash Dominion Event shall have occurred and be continuing.

  • Annex A List of schools covered by the Scheme 46Annex B Capital/Revenue Split 47Annex C Value for Money and Schools 53Annex D Procurement / Purchasing Guide for Schools 55Annex E Operation of Local Bank Accounts 61 Halton Scheme For Financing Schools 1 INTRODUCTION 1.1 THE FUNDING FRAMEWORK The funding framework which replaces Local Management of Schools is set out in the legislative provisions in sections 45-53 of the Schools Standards and Framework Act 1998.


More Definitions of Local Bank Accounts

Local Bank Accounts means the following depository accounts maintained by Loan Parties at the following banks: (a) First Community Bank Account no. 38172 in the name of Superior Tubing Testers, LLC, (b) Texas Champions Bank Accounts no. 101040533, 101028622 and 101048860 in the name of TX Energy Services, LLC, TX Energy Services, LLC and Forbes Energy Services LLC, respectively, and (c) Brush Country Bank Accounts no. 0000000, 0000000 and 1018531 in the name of X.X. Xxxxxx, LLC, X.X. Xxxxxx, LLC and Forbes Energy Services LLC, respectively.
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Local Bank Accounts means the Store Accounts and the Central Chargor Accounts;
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Related to Local Bank Accounts

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Seller in a written notice to the Purchaser at least five Business Days before the Closing.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

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

  • Account Control Agreement(s) means any agreement entered into by and among the Agent, Borrower and a third party bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which perfects Agent’s first priority security interest in the subject account or accounts.

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Deposit Account Control Agreement means each deposit account control agreement among a Borrower, the Administrative Agent and the Account Bank, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Accounts means all presently existing and hereafter arising accounts, contract rights, and all other forms of obligations owing to Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by Borrower, whether or not earned by performance, and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower and Borrower's Books relating to any of the foregoing.

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.