Master Deposit Account definition

Master Deposit Account means the deposit account governed by the Master Deposit Account Control Agreement.
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Master Deposit Account means a deposit account of the Issuer to be established and maintained with the Collateral Agent upon the occurrence of an Event of Default.
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Master Deposit Account. 4.1 "Master Account Agreement" - 4.1 "Mortgage" - Definition of "Loan Documents" "Note" - 2.1.2 "Oakridge Guarantor" - 4.13 "Oakridge Guaranty" - 4.13 "Oakridge Option Fund" - 4.13 "Operating Budget" - 6.9.5 "Operating Expense Reserve Fund" - 4.7.1
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Examples of Master Deposit Account in a sentence

  • The Bank will look at the end of day Ledger Balance in the Deposit Accounts to determine whether either a sweep will occur, for example, from the Master Deposit Account to a Deposit Sub-Account, or the Loan Payment Source Account to the Loan Account under this Service Description.

  • On a daily basis, MidCap would sweep the Master Deposit Account in order to pay the Debtors’ joint loan obligations to MidCap.

  • MA3-70105 NA Page 11 of 14EXHIBITD AUXILIARY DEPOSIT ACCOUNT To MASTER ESCROW AGREEMENT(NOTE: To BE COMPLETED ONLY IF DEPOSITOR ESTABLISHED A MASTER ESCROW AGREEMENT) Master Deposit Account Number: _ Auxiliary Account Number ~ Tyler Technologies, Inc.

  • Contractor shall be responsible for providing County with the relevant documentation and the Master Deposit Account Number, to validate the Escrow Agreement, within thirty (30) calendar days from the execution date of this Contract.

  • Further, Company agrees that this Automated Sweep Service allows partial draws against the Loan Account in order to make a deposit to the Master Deposit Account.

  • To the extent the Account Balance in any Deposit Sub-Account would fall below the Target Balance on any business day, Company hereby authorizes the Bank to automatically transfer funds from the Master Deposit Account to the Deposit Sub-Accounts, as needed, to maintain the Target Balance in each Deposit Sub-Account.

  • The Funds in the Master Deposit Account, Merchant Account, and certain other deposit accounts, including an account for vendor receipts, then flow into a Concentration Account.

  • Company authorizes the Bank to automatically advance funds from the Loan Account to maintain the Target Balance in the Master Deposit Account.

  • If at any time there is a ledger balance in the Master Deposit Account to transfer to some, but not all Deposit Sub-Accounts, as needed to maintain the Deposit Sub-Account Target Balances, funds will be transferred to the Deposit Sub-Accounts in the descending order from A to C, as applicable.

  • Control Agreement shall mean any and all agreements, whether there be one or more, among the Institution, as “Debtor,” the Depositary Bank and the Master Trustee, as “Secured Party,” pursuant to which the Institution agrees to grant the Master Trustee a security interest in one or more of the Institution’s depository accounts in order to secure the Institution’s repayment obligations under the Master Trust Documents; the initial Control Agreement being the Master Deposit Account Control Agreement.


More Definitions of Master Deposit Account

Master Deposit Account means (a) in the case of WRC and its Subsidiaries, the Deposit Account of WRC established and maintained with the Administrative Agent and designated by WRC as its Master Deposit Account, (b) in the case of JLC and its Subsidiaries, the Deposit Account of JLC established and maintained with the Administrative Agent and designated by JLC as its Master Deposit Account, and (c) in the case of Holdings, either such Deposit Account.
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Master Deposit Account means the account established with the Depositary pursuant to the Master Deposit Account Control Agreement administered by the Trustee pursuant to Section 4.6.
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Master Deposit Account means the master concentration Deposit Account designated by Company.
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Related to Master Deposit Account

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • 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”.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Deposit Accounts means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name of a Debtor.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

  • 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.