Primary Operating Account definition

Primary Operating Account means any deposit account or controlled disbursement account on which the Company draws to pay all or substantially all of its operating expenses.
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Primary Operating Account has the meaning given such capitalized term in Section 2(w).
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Primary Operating Account has the meaning given such capitalized term in Section 2(u).
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Examples of Primary Operating Account in a sentence

  • Principal and interest of each Loan shall be payable at the times and in the manner set forth in the Note and regularly scheduled payments thereof shall be effected by automatic debit of the appropriate funds from Borrower’s Primary Operating Account as specified in the Supplement hereto.

  • Borrower hereby confirms that the bank at which the Primary Operating Account is maintained uses that same ABA Number for incoming wires transfers to the Primary Operating Account and outgoing ACH transfers from the Primary Operating Account.

  • For purposes of Sections 2.2 and 5.10 of the Loan and Security Agreement, the Primary Operating Account shall be the bank account set forth in Section 6 above, unless and until such account is changed in accordance with Section 5.10 of the Loan and Security Agreement.

  • All regularly scheduled payments due to the Lenders shall be effected by automatic debit of the appropriate funds from Borrower’s Primary Operating Account.

  • Borrower shall deposit or cause to be deposited into Borrower’s Primary Operating Account, all sums collected from any Account Debtors under their respective Accounts.


More Definitions of Primary Operating Account

Primary Operating Account shall be the bank account set forth in Section 6 below, unless and until such account is changed in accordance with Section 5.10 of the Loan and Security Agreement.
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Primary Operating Account a Deposit Account of Borrower designated by Xxxxxxxx in writing to the Administrative Agent from time to time as Xxxxxxxx’s Primary Operating Account.
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Primary Operating Account has the meaning set forth in Section 5.10.
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Primary Operating Account means the account of the Borrower held at U.S. Bank National Association, DDA Number 158300223118, CIF Number 202340127, Fed ABA Number 122235821, DDA Account Name: Regional Center of Orange County, Inc.
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Primary Operating Account is Borrower’s account set forth in Part 2, Section 6 hereof.
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Primary Operating Account means, with respect to a particular ------------------------- Obligor, the Operating Account of such Obligor with Imperial Bank identified on Exhibit A to Amendment No. 2 as the "Primary Operating --------- Account" of such Obligor.
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Primary Operating Account means, collectively (a) for purposes of operations in the United States, one or more deposit accounts identified by a Borrower to the Administrative Agent which are held at JPMCB in the United States under the control of the Administrative Agent and (b) for purposes of operations in Canada, one or more deposit accounts identified by a Borrower to the Administrative Agent which are held at CIBC or at Citibank in Canada under the control of the Administrative Agent.
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