Receipt Account definition
Receipt Account has the meaning provided in Section 2.6.1 (Currency and Place of Payment).
Receipt Account means the Customer’s account with the Bank (or such other accounts as the Bank shall from time to time direct) into which all Receivables shall be paid pursuant to Clause 4.01(c);
Receipt Account means the Chargor’s account maintained or to be maintained with the Lender, including any renewal or redesignation of such account and all sub-accounts, or other account(s) as the Chargor and the Lender may from time to time agree.
Examples of Receipt Account in a sentence
Accordingly, the Borrower shall pay such additional amount as is necessary to enable IDB Invest to receive, after conversion into Dollars, and transfer to the Receipt Account, the full amount due to IDB Invest under this Agreement.
More Definitions of Receipt Account
Receipt Account means an interest bearing blocked and secured account in France in the name of the Security Agent.
Receipt Account is defined in Section 9.1.1.
Receipt Account means each bank account subject to a Blocked Account Agreement, to which the proceeds of Accounts and other Collateral are deposited or credited and which is maintained in the name of the Agent or the applicable Loan Party, as the Agent may determine, on terms acceptable to the Agent.
Receipt Account the account established with the Depositary Bank pursuant to the Deposit, Disbursement and Security Agreement in which certain of the respective revenues of the Loan Parties will be deposited.
Receipt Account has the meaning provided in Section 2.6.1 (Currency and Place of Payment). “Receivable” means a right to receive payment arising from a sale or lease of goods or the performance of services by a Person pursuant to an arrangement with another Person pursuant to which such other Person is obligated to pay for goods or services under terms that permit the purchase of such goods and services on credit and shall include, in any event, any items of property that would be classified as an “account,” “chattel paper,” “payment intangible” or “instrument” under the Uniform Commercial Code as in effect in the State of New York and any “supporting obligations” as so defined. “Receivables Entity” means a wholly-owned Subsidiary of a Person (or another Person in which such Person or any Subsidiary of such Person makes an Investment or to which such Person or any Subsidiary of such Person transfers Receivables and related assets) which engages in no activities other than in connection with the financing of Receivables and which is designated by the board of directors or senior management of such Person as a Receivables Entity: (a) no portion of the Debt or any other obligations (contingent or otherwise) of which: (i) is guaranteed by such Person or any Subsidiary of such Person (excluding guarantees of obligations (other than the principal of, and interest on, Debt) pursuant to Standard Securitization Undertakings); (ii) is recourse to or obligates such Person or any Subsidiary of such Person in any way other than pursuant to Standard Securitization Undertakings; or (iii) subjects any property or asset of such Person or any Subsidiary of such Person, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings except, in each such case, certain Permitted Liens; (b) with which neither such Person nor any Subsidiary of such Person has any material contract, agreement, arrangement or understanding (except in connection with a purchase money note or Qualified Receivables Transaction) other than on terms not materially less favorable to such Person or such Subsidiary than those that might be obtained at the time from Persons that are not affiliates of such Person, other than fees payable in the ordinary course of business in connection with servicing Receivables; and
Receipt Account means a registry account which has been opened by Ireland for the receipt and registration of AAUs at the National Registry in Ireland and has the account number IE ▇▇▇-▇▇▇-▇, or such other registry account as the Sovereign Participant may notify in writing to EBRD, from time to time.
Receipt Account means account number 46425600 established with the Account Bank and maintained pursuant to the Account Control Agreement designated “Mavrix, LLC”, any replacement for such account established with the written consent of Required Holders and any other accounts in which Investments of funds from such account may be held or registered under the terms of this Agreement (including the Account Management Annex) and the Account Control Agreement.