Primary Concentration Account definition

Primary Concentration Account means a Collection Account that is used by a Domestic Loan Party or a Canadian Loan Party as a primary concentration account for proceeds of Accounts of such Loan Party. Primary Concentration Accounts as of the Closing Date are listed on Schedule 1.01(f) to the 2013 Credit Agreement.
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Primary Concentration Account means a Collection Account that is used by a Domestic Loan Party or a Canadian Loan Party as a primary concentration account for proceeds of Accounts of such Loan Party. Primary Concentration Accounts as of the Closing Date are listed on Schedule 1.01(f).
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Primary Concentration Account shall have the meaning provided in Section 20(c).
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Examples of Primary Concentration Account in a sentence

  • The Pledgors shall not grant or purport to grant Control of any Primary Concentration Account to any person other than the Collateral Agent.

  • No Pledgor shall hereafter establish or maintain a Primary Concentration Account unless doing so is in compliance with Section 5.12 of the Credit Agreement.

  • All such amounts will be made available in Dollars and in immediately available funds by deposit into the Primary Concentration Account, or as otherwise directed by Borrower.

  • The Primary Concentration Account also funds via reverse wire the payroll for all of the Debtors’ employees paid in U.S. dollars.

  • Receipts in these accounts also get swept into a BMO concentration account (#438) and, periodically, into the Primary Concentration Account.

  • Commencing with the date that is six months after the Effective Date (or such longer period as Lender may agree in its discretion), Borrower will maintain its Primary Concentration Account with Lender.

  • The Primary Concentration Account typically receives and transfers funds from and to all of the other Debtor entities that have bank accounts, sometimes through intermediary Debtor entities.

  • In addition, the Debtors use the Primary Concentration Account to pay vendors and other parties that require wire or direct debit as the method of payment.

  • Borrower will maintain its Primary Concentration Account with Lender.

  • Receipts in the Retail Concentration Account sweep into the Primary Collection Account and, ultimately, into the Primary Concentration Account.


More Definitions of Primary Concentration Account

Primary Concentration Account has the meaning set forth in Section 5.14(f).
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Primary Concentration Account means the principal concentration and disbursement accounts utilized by the Borrower for its and its Wholly-Owned Subsidiaries’ cash management systems, with the initial Primary Concentration Account being account number 2000026932396 maintained at Wachovia Bank, N.A., at 7 Saint Paul Street, Baltimore, Maryland.
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Primary Concentration Account means the principal concentration and disbursement account utilized by Borrower for its and its Wholly-Owned Subsidiaries’ cash management systems, with account number, and other operating accounts of Borrower or its Wholly-Owned Subsidiaries maintained at Lender.
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Primary Concentration Account means the principal concentration and disbursement accounts utilized by Magellan for its and its Wholly-Owned Subsidiaries’ cash management systems, with the initial Primary Concentration Account being account number 2000026932396 maintained at Xxxxx Fargo Bank, National Association.
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Primary Concentration Account shall have the meaning provided in Section 7.13(f).
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Primary Concentration Account means the principal concentration and disbursement accounts utilized by the Borrower for its and its Wholly-Owned Subsidiaries' cash management systems, with the initial Primary Concentration Accounts being maintained (i) as account number 078-2575 at Mellon Bank, N.A., at One Mellon Bank Center, Pittsburgh, Pennsylvania, and (ii) as account number 153910132759 at U.S. Bank National Association, at 150 4th Avenue North, Nashville, Tennessee.
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Related to Primary Concentration Account

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

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

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

  • Finance Charge Account is defined in Section 4.9(a).

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

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

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

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

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

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

  • 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.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Note Account As defined in the Indenture.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Holding Account means an account:

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal 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.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.