Originator Account definition

Originator Account means the following account (or such other bank account as may be designated by the Borrower from time to time):
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Originator Account means, with respect to each Originator, the bank account listed opposite the name of such Originator on Exhibit C or such other account as may be designated by such Originator from time to time.
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Originator Account has the meaning set forth in Section 4.3(a) of this Agreement.
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Examples of Originator Account in a sentence

  • Each Originator Account constitutes a “deposit account” within the meaning of the applicable UCC.

  • The Servicer shall, and shall cause each Originator to, at all times ensure that for each Calculation Period commencing on or after the Post-Closing Date, the Originator Account Ratio for such Calculation Period does not exceed 5.0%.

  • Each Originator Lock-Box and Originator Account is in the name of an Originator, and an Originator owns and has good and marketable title to the Originator Accounts free and clear of any Adverse Claim.

  • To the extent that funds other than Collections of Pool Receivables are deposited into any Collection Account or Originator Account, the Master Servicer can promptly trace and identify which funds constitute Collections of the Pool Receivables.

  • Neither the Master Servicer nor the Borrower will permit any funds other than Collections on Pool Receivables to be deposited into any Collection Account or any Originator Account.

  • No Originator has granted any Person (other than the Master Servicer and its assigns) access to or control of any Originator Lock-Box or Originator Account, or the right to take dominion and control of any Originator Lock-Box or Originator Account at a future time or upon the occurrence of a future event.

  • Each Blocked Account shall at all times be subject to a Blocked Account Agreement and each Originator Collection Account shall at all times be subject to an Originator Account Control Agreement.

  • Exhibit IV-B hereto sets forth (i) the names and addresses of all Originator Account Banks, together with the account numbers of the Originator Accounts, and (ii) the addresses of all Originator Lock-Boxes, the numbers of all associated Originator Accounts and the name and address of each Originator Account Bank.

  • Such Columbus Party will not (i) add any bank as an Originator Account Bank or (ii) add any Originator Lock-Box or Originator Account, in each case, without the prior written consent of the Administrative Agent.

  • If, notwithstanding the foregoing, any Obligor makes payment other than directly to a Lock-Box, an Originator Account or a Collection Account, Borrower and the Master Servicer shall remit such Collections on Pool Receivables directly to a Collection Account within two (2) Business Days after payment thereof.


More Definitions of Originator Account

Originator Account means each account listed on Exhibit IV-B hereto (in each case, in the name of an Originator) and maintained at an Originator Account Bank. “Originator Account Bank” means, at any time, any bank at which an Originator Account is maintained.
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Originator Account means any indebtedness and other obligations (whether or not earned by performance) owed to Werner, as Originator, by, or any right of Originator to payment from xx xx behalf of, an account debtor, whether constituting an account, chattel paper, instrument or general intangible, arising in connection with goods that have been or are to be sold or otherwise disposed of, or services rendered or to be rendered, by the Originator in the ordinary course of its business, and includes the obligation to pay any finance charges, fees and other charges with respect thereto. Indebtedness and other obligations arising from any one transaction, including indebtedness and other obligations represented by an individual invoice or agreement, shall constitute an Account separate from an Account consisting of the indebtedness and other obligations arising from any other transaction. The term "Account" shall not include any indebtedness or other obligation arising from (a) any transaction between the Originator and a subsidiary (direct or indirect) of Werner Holding Co. (DE), Inc. or (b) any credit card or debit card trxxxxxxion.
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Originator Account means the account opened in the name of the Seller in the books of the Originator Account Bank with IBAN ES4720381560076000215640;
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Originator Account means each account listed on Exhibit IV-B hereto (in each case, in the name of an Originator) and maintained at an Originator Account Bank. “Originator Account Bank” means, at any time, any bank at which an Originator Account is maintained. “Originator Account Ratio” means, with respect to any Calculation Period, a fraction (expressed as a percentage), (a) the numerator of which is the aggregate amount of all Collections in respect of Pool Receivables which were remitted to the Originator Accounts during such Calculation Period and (b) the denominator of which is the aggregate amount of all Collections in respect of Pool Receivables that were received during such Calculation Period. “Originator Lock-Box” each locked postal box related to an Originator Account. “Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a Security Interest under, engaged in any other transaction pursuant to or enforced any Transaction Document, or sold or assigned an interest in any Security Interest or Transaction Document). “Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Transaction Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment requested by Xxxxxxxx). “Outstanding Balance” of any Receivable at any time means the then outstanding principal balance thereof. “Overadvance” means, on any Business Day, that the Aggregate Principal outstanding hereunder exceeds the lesser of (a) the Facility Limit and (b) the Borrowing Base. “Participant” has the meaning set forth in Section 10.6(a). “Participant Register” has the meaning set forth in Section 10.6(a). “PATRIOT Act” means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)). I-24 Credit and Security Agreement 756752741 23728593
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Originator Account means account with IBAN no. PT50 0033 0000 00037050218 05, held by the Originator with Millennium BCP;
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Originator Account means each account owned and held in the name of an Originator into which any Collections are deposited from time to time, which shall at all times be identified as such on Schedule II, maintained at a Collection Bank and pledged by the related Originator to the Seller.
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Related to Originator Account

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

  • Note Account As defined in the Indenture.

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

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

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

  • 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 Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

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

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

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

  • 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.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • 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.

  • Qualified Account means an Account of Borrower generated in the ordinary course of Borrower's business from the rendition of Healthcare Services pursuant to a Customer Contract which Lender, in its sole credit judgment, deems to be a Qualified Account. Without limiting the generality of the foregoing, no Account shall be a Qualified Account if: (a) the Account or any portion of the Account is payable by an individual beneficiary, recipient or subscriber individually and not directly to Borrower by an Account Debtor acceptable to Lender in its sole discretion; (b) the Account remains unpaid more than one hundred and twenty (120) calendar days past the claim or invoice date (but in no event more than one hundred and thirty five (135) calendar days after the applicable Healthcare Services have been rendered); (c) the Account is subject to any defense, set-off, counterclaim, deduction, discount, credit, chargeback, freight claim, allowance, or adjustment of any kind; (d) any part of any goods the sale of which has given rise to the Account has been returned, rejected, lost, or damaged; (e) if the Account arises from the sale of goods by Borrower, the sale was not an absolute sale, or the sale was made on consignment or on approval or on a sale-or-return basis, or the sale was made subject to any other repurchase or return agreement, or the goods have not been shipped to the Account Debtor or its designee; (f) if the Account arises from the performance of Healthcare Services, where the Healthcare Services have not been actually been performed or the Healthcare Services were undertaken in violation of any law; (g) the Account is subject to a lien other than a Permitted Lien; (h) Borrower knows or should have known of the bankruptcy, receivership, reorganization, or insolvency of the Account Debtor; (i) the Account is evidenced by chattel paper or an instrument of any kind, or has been reduced to judgment; (j) the Account is an Account of an Account Debtor having its principal place of business or executive office outside the United States; (k) the Account Debtor is an Affiliate or Subsidiary of Borrower; (l) more than twenty percent (20%) of the aggregate balance of all Accounts owing from the Account Debtor obligated on the Account are outstanding more than one hundred and twenty (120) calendar days past their invoice date; (m) fifty percent (50%) or more of the aggregate unpaid Accounts from any single Account Debtor are not deemed Qualified Accounts under this Agreement; (n) the total unpaid Accounts of any single Account Debtor exceed twenty percent (20%) of the net amount of all Qualified Accounts; (o) any covenant, representation or warranty contained in the Loan Documents with respect to such Account has been breached; (p) any Account which is based on a contract which is invoiced and/or paid based on a percentage of completion basis; (q) any Account which is based on a contract in which Borrower is paid for services and which services have not yet been fully provided by Borrower; (r) any license fee (other than fees which are paid on a month-to-month basis and are otherwise eligible hereunder); or (s) the Account fails to meet such other specifications and requirements which may from time to time be established

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

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

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Administration Account As defined in Section 7.02.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.