Primary Accounts definition

Primary Accounts has the meaning assigned to such term in Section 4.27.

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Primary Accounts means the designated primary account of each of the following types of accounts: (i) consumer checking; (ii) passbook savings; and (iii) market rate accounts, but only to the extent that the particular Primary Account to be accessed is available at the particular ATM Location to users without vision impairments.

Primary Accounts as defined in Section 4.28.

Examples of Primary Accounts in a sentence

• You may add, delete or change your designated and Primary Accounts by notifying us in writing.

• We may establish—and change from time to time—criteria for which types of accounts may or may not be Primary Accounts or Coverage Accounts (e.g., account types, or how accounts are owned).

• If your Coverage Account is owned jointly, any joint owner may elect this service and bind all other joint owners for transfers between the Coverage and Primary Accounts.

• Following the Effective Date and notwithstanding anything in this Agreement to the contrary, Lender shall waive compliance with the Borrower's covenant to provide Lender with a DACA securing Lender's interest in Borrower's Primary Accounts, which waiver shall continue until it is withdrawn by ▇▇▇▇▇▇, in its sole discretion.

• Borrower represents and warrants and covenants and agrees that, from and after the date hereof, Borrower is and shall be in compliance in all material respects with Section 6.6 [entitled "Primary Accounts"] of the Loan Agreement.

• Primary Accounts – Thirty-Five Percent (35%) commission based on total amount collected.

• The Primary Account Bank has agreed to be the bank at which (i) during the Transitional Period, each of the Primary Accounts are maintained and (ii) following the Transitional Period, each of the Accounts are maintained, and to provide certain services to the Borrower and, following the delivery of an Acceleration Notice, the Security Trustee in relation to monies standing to the credit of the Accounts and payments thereto.

• You may change, add, or remove Primary Accounts (and, if applicable, Back-Up Accounts) at any time.

• The Credit Parties and each of their Subsidiaries shall direct each client to direct payment of accounts payable into the Primary Accounts within 30 days after Closing Date.

• All Depositors of the Primary Account(s) shall be jointly and severally liable for the transactions, including Credit Card withdrawals, performed through the SunTrust Banking Card or SunTrust Check Card.

More Definitions of Primary Accounts

Primary Accounts. In addition to the foregoing: (i) on the Closing Date, Borrower shall maintain or have administered through the Bank not less than Thirty-Five Million Dollars ($35,000,000.00) in cash or securities, and (ii) at all times after the Closing Date and prior to the termination of this Agreement, Borrower shall maintain or have administered through the Bank not less than Twenty-Five Million Dollars ($25,000,000.00) in cash or securities in excess of that amount used for Borrower's operations." and inserting in lieu thereof the following: "In addition to the foregoing, Borrower shall, at all times prior to the termination of this Agreement, maintain or have administered through the Bank not less than Thirty-Five Million Dollars ($35,000,000.00) in unrestricted cash or securities in excess of that amount used for Borrower's operations, of which at least $3,000,000.00 shall at all times be maintained in Borrower's sweep account (account no. 3300020686) at Bank or a money market account (account no. 3300080864) at Bank."

Primary Accounts means the deposit accounts listed on Schedule II hereto.

Primary Accounts shall have the meaning set forth in Section 5.16(f).

Primary Accounts is hereby amended to read as follows: Borrower will maintain its primary operating accounts with Bank. Additionally, Borrower will maintain the greater of either (i) $20,000,000 or (ii) 33% of its total cash and cash equivalents, (as shown on Borrower's financial statement), in accounts with Bank or invested through Bank. Additionally, in the event Borrower transfers a portion of its investments and/or deposits to another financial institution, Borrower shall cause an Account Control Agreement to be executed between Bank and such financial institution prior to such transfer.

Primary Accounts is hereby amended to read as follows. Borrower will maintain its primary banking relationship with Bank, which relationship shall include Borrower maintaining account balances in any accounts at or through Bank representing at least 33% of all account balances of Borrower at any financial institution.