Master Concentration Account definition

Master Concentration Account means the deposit account of Lead Borrower in which funds of any Loan Party from one or more Blocked Accounts are from time to time deposited. As of the date hereof, the Master Concentration Accounts are the deposit accounts identified as Master Concentration Accounts on Schedule 5.21(a).
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Master Concentration Account means a Deposit Account used to aggregate funds from several locations into one centralized Account.
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Master Concentration Account means the deposit account ending in account number x1001 held with Bank of America, N.A. in the name of the Borrower.
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Examples of Master Concentration Account in a sentence

  • The funds advanced into the Master Concentration Account were intended, inter alia, for payment of the Debtors’ obligations.

  • The Debtors regularly transfer funds held in the Store Depository Accounts to the Intermediate Store Depository Accounts and subsequently to the TMI Master Concentration Account; therefore, the funds are not held in the Store Depository Accounts for extensive periods of time.

  • Payments made by wire transfer were made only from the Master Concentration Account.

  • The Cash Management system is centered around a master collection account (the “ TMI Master Concentration Account”) where the Debtors’ non-borrowed funds are collected anda master operating account (the “Master Operating Account”) where the funds in the TMI Master Concentration Account are swept and from which the Debtors’ disbursements are managed and directed.

  • On a daily basis funds necessary to cover checks presented on the CCH Disbursement Account were transferred to the CCH Disbursement Account from the Master Concentration Account.

  • At the end of each day, available excess cash is automatically transferred from the Lockbox Accounts to the Master Concentration Account, and excess funds in the Master Concentration Account are transferred via manual wire transfer into one of 26 Investment Accounts (as defined below).

  • Provide BAI2 detail activity reports on the Master Concentration Account to the State.

  • In addition, when the Debtors have excess cash, the Debtors electronically transfer funds from the Master Concentration Account to the Investment Account to earn short-term interest on that excess cash.

  • Basedon forecasted daily cash needs, the Debtors manually transfer funds from the Master Concentration Account via wire transfer to the Master Disbursement Account.

  • The Debtors, in turn, electronically transfer funds on a daily basis from the Master Concentration Account to the Operating Account and from the Operating Account to the Payroll Account and the Farm Operating Account to satisfy, among other things, payroll obligations and operating expenses.


More Definitions of Master Concentration Account

Master Concentration Account means account number 2080000695022 of Borrower maintained at the Concentration Account Bank, or such other deposit account of Borrower (located in the United States), into which cash received in the Lockbox, the other Concentration Accounts and certain Retail Store Accounts is wire transferred as provided in Section 2.7.
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Master Concentration Account and together with the Sub-Concentration Account, the “Concentration Accounts”) which is subject to a Blocked Account Agreement. (d) At any time that a Cash Dominion Event exists, after delivery of a notice thereof from the Agent (at Agent’s option or at the request of the Required Lenders) to the applicable Blocked Account Bank), the Blocked Account Bank shall ACH or wire transfer no less frequently than once each Business Day all funds in such Master Concentration Account and any other Blocked Account to the Agent Payment Account. (e) Each Blocked Account Agreement with respect to a DDA (other than the Concentration Accounts) shall require all amounts to be transferred to either the Sub-Concentration Account or the Master Concentration Account (and in the case of the Sub-Concentration Account to the Master Concentration Account) and each Blocked Account Agreement with respect to a Concentration Account shall require that upon notice from Agent which notice shall be delivered only after the occurrence and during the continuance of a Cash Dominion Event the ACH or wire transfer no less frequently than daily (and whether or not there are then any outstanding Obligations) to the Agent Payment Account of all cash receipts and collections received by each Loan Party from all sources, including, without limitation, the following: (i) all available cash receipts from the sale of Inventory and other assets (whether or not constituting Collateral); (ii) all proceeds of collections of Accounts; (iii) all Net Proceeds, and all other cash payments received by a Loan Party from any Person or from any source or on account of any Disposition or other transaction or event, including the issuance of any Indebtedness or Equity Interests; (iv) the then contents of each DDA (net of any minimum balance, not to exceed $2,500.00, as may be required to be kept in the subject DDA by the depository institution at which such DDA is maintained); (v) the then entire ledger balance of each Blocked Account (net of any minimum balance, not to exceed $2,500.00, as may be required to be kept in the subject Blocked Account by the Blocked Account Bank); and (vi) the proceeds of all credit card charges. (f) The Concentration Accounts shall at all times be under the sole dominion and control of the Agent. The Loan Parties hereby acknowledge and agree that (i) the Loan Parties have no right of withdrawal from the Concentration Accounts, (ii) the funds on deposit in the Concentration Accounts sh...
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Master Concentration Account means the account of the Loan Parties with the Administrative Agent established pursuant to Section 5.41 to facilitate the concentration of daily balances from the Collateral Service Accounts and the Operating Accounts.
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Master Concentration Account has the meaning given in paragraph (b) of Section 12.1 (Deposit Accounts).
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Master Concentration Account means Borrower's Account No. 2000002913643 at First Union National Bank. MATERIAL ADVERSE EFFECT shall mean a material adverse effect on (a) the business, condition (financial or otherwise), operations, performance or properties of the Credit Parties, (b) the ability of the Credit Parties to perform their obligations under this Financing Agreement or any other Credit Document, or to the ability of the Credit Parties enforce their rights against account debtors of the Credit Parties, (c) the value of the Collateral, (d) any Lien of Agent or Collateral Agent on the Collateral, or (e) the ability of the Agent, the Collateral Agent or the Lenders to enforce the Obligations or their rights and remedies under this Financing Agreement or any of the other Credit Documents.
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Master Concentration Account shall have the meaning set forth in Section 2.6.1(a)(iv).
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Related to Master Concentration Account

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

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

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

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

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

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

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Investment Account As defined in Section 3.12(a).

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Holding Account means an account:

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Completion Accounts has the meaning given in Paragraph 4.1, 4.2(A) or 4.2(B) (as applicable) of Part A of Schedule 8 (Completion Accounts);

  • Funding Account has the meaning assigned to such term in Section 4.01(h).