Permitted Accounts definition

Permitted Accounts is defined in Section 6.8(a).
Permitted Accounts has the meaning specified in Section 8.17.
Permitted Accounts is defined in the definition of Excluded Accounts.

Examples of Permitted Accounts in a sentence

  • None of the Borrower Entities owns or maintains any accounts with a bank or financial institution other than the Permitted Accounts.

  • The Borrower Entities shall maintain, or cause to be maintained, in full force and effect each of the Permitted Accounts and amounts on deposit therein in accordance with the terms of the Accounts Agreement and relevant Financing Documents.

  • At all times on and following the Effective Date, the Borrower Entities shall not establish or maintain any bank accounts other than the Permitted Accounts.


More Definitions of Permitted Accounts

Permitted Accounts means the accounts as detailed in Schedule XI. “Permitted Indebtedness” shall mean:
Permitted Accounts means deposit accounts, securities accounts or commodities accounts of any Pledgor; provided that the aggregate balance in all such accounts does not exceed $2,000,000.
Permitted Accounts is defined in Section 6.5(a) of this Agreement. 7 The Loan Agreement shall be amended by deleting the following definition appearing in Section 13.l thereof:
Permitted Accounts means any deposit or securities account of a Project SPE which is subject to an Account Agreement as contemplated herein. For the avoidance of doubt, any deposit or securities account of a Project SPE that is not subject to an Account Agreement shall be deemed not to qualify as a Permitted Account.
Permitted Accounts means the (i) Depository Account and (ii) account no. 00000000 maintained by the Adviser (or an Affiliate thereof) at the Transfer Agent and any extensions or renewals of the foregoing, if such account is or which may be extended or renewed, and any successor or substitute accounts; provided that, in the case of clause (ii), such account shall cease to be a Permitted Account if it is no longer subject to standing instructions for the Transfer Agent to move funds in respect of the Capital Contributions of the Investors in Borrower to the Depository Account promptly upon receipt into such account.
Permitted Accounts means the accounts listed in Schedule 7 (Permitted Accounts), those accounts required to be opened by the Borrower under Clause 23 (Accounts and Payments) and/or such other accounts agreed with the Off Shore Facility Agent pursuant to Clause 24.22 (Bank accounts).
Permitted Accounts are each defined in Section 5.9(a).