Restricted Account definition

Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

Restricted Account shall have the meaning set forth in Section 9.1 hereof.

Restricted Account means that certain deposit account (as defined in Section 9-102 of the Uniform Commercial Code as in effect in the State of New York on the date hereof) described on Exhibit B hereto, which Restricted Account shall be maintained at the Bank and shall be in the sole dominion and control of Laurus;

Examples of Restricted Account in a sentence

• Stock dividends resulting in whole shares shall be added to the shares held in the Restricted Account and shall be distributed to the Recipient with subsequent distributions of any Award for which they accrued.

• The Restricted Account (i) shall be an Eligible Account and (ii) shall not be commingled with other monies held by Borrower or Bank.

• All monies now or hereafter deposited into the Restricted Account shall be deemed additional security for the Debt.

• The Restricted Account shall have a title evidencing the foregoing in a manner reasonably acceptable to Lender.

• Borrower shall not further pledge, assign or grant any security interest in the Restricted Account or the monies deposited therein or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

More Definitions of Restricted Account

Restricted Account means the restricted account known as the Industrial Assistance Account created in Section 63N-3-103.

Restricted Account means the Motion Picture Incentive Account created in Section 63N-8-103.

Restricted Account means an account of the Adviser in which Employees own a Beneficial Interest of 25% or more.

Restricted Account means the restricted account known as the Industrial

Restricted Account means a deposit account maintained by any Grantor with a Restricted Account Bank which account is the subject of an effective Restricted Account Letter, and includes all monies on deposit therein and all certificates and instruments, if any, representing or evidencing such Restricted Account.

Restricted Account means the Underage Drinking Prevention Media and Education Campaign Restricted Account created in this section.

Restricted Account means the Nurse Home Visiting Restricted Account created in Section 26-63-601.