Permitted Account definition

Permitted Account has the meaning provided in Section 2.4.

Permitted Account is defined in Section 6.6(a).

Permitted Account has the meaning set forth in Section 7.12.

Examples of Permitted Account in a sentence

• No other funds shall be commingled in a Permitted Account other than MCC Funding and Accrued Interest thereon.

• The Trustee shall not be liable for any Costs or Taxes (except for Taxes relating to any compensation, fees or commissions of any entity acting in its capacity as Trustee hereunder) or in connection with the selection of Permitted Account Investments or for any investment losses resulting from Permitted Account Investments.

• The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of MCC, shall be the sole signatories on each Permitted Account.

• More information regarding federal taxation of Permitted Account owners may be found in the applicable prospectus and/or disclosure documents for that Permitted Account.

• The Fiscal Agent, and in certain specified cases in the Bank Agreement, designated representatives of MCC, will be the sole signatories on each Permitted Account.

More Definitions of Permitted Account

Permitted Account means each demand deposit or other account approved by the Administrative Agent and each Group Agent and maintained in the United States with a bank for depositing payments made by (or on behalf of) Lessees including payments made by wire transfer or other methods of electronic payment or transfer.

Permitted Account has the meaning provided in Section 3.2(c)(i). Permitted Designee has the meaning provided in Section 4.2(b)(i). Principal Representative has the meaning provided in Section 7.2. Procurement Agent has the meaning provided in Section 2.2(b).

Permitted Account means, in the case of a payment in relation to a Rule 144A Note, an account, denominated in Euro, located outside the United States and its possessions as specified by the Payee.

Permitted Account means in the case of a payment in relation to a GBP Note, a GBP account maintained by the payee with a bank in London, in the case of a payment in relation to an USD Note which is a Rule 144A Note, an USD account maintained by the payee with a bank in New York City; in the case of a payment in relation to an USD Note which is a Reg S Note, an USD account outside the United States and its possessions maintained by the payee with a bank as specified by the payee; and in the case of a payment in relation to the EUR Notes, an EUR account outside the United States and its possessions maintained by the payee with a bank as specified by the payee;

Permitted Account means any bank account established pursuant to the requirements of the Principal Program Documents and maintained for the purpose of receiving and re-disbursing MCC Assistance.

Permitted Account means a deposit account maintained by the Borrower at Comerica Bank, in which such deposits are restricted cash in favor of Comerica Bank. “Permitted Acquisition” shall mean any acquisition by the Borrower or any Guarantor of all or substantially all of the assets of another Person, or of a division or line of business of another Person, or any Equity Interests of another Person which satisfies and/or is conducted in accordance with the following requirements: (a) Such acquisition is of a business or Person engaged in a line of business which is compatible with, or complementary to, the business of the Borrower or such Guarantor or a reasonable extension therefrom; (b) If such acquisition is structured as an acquisition of the Equity Interests of any Person, then the Person so acquired shall (X) become a wholly-owned direct Domestic Subsidiary of the Borrower or of a Guarantor and the Borrower or the applicable Guarantor shall cause such acquired Person to comply with Section 6.13 hereof or (Y) provided that the Credit Parties continue to comply with Section 6.4(a) hereof, be merged with and into the Borrower or such a Guarantor (and, in the case of the Borrower, with the Borrower being the surviving entity);

Permitted Account has the meaning provided in Section 5.1(c)(i).