Restricted Account Bank definition

Restricted Account Bank means a financial institution selected or approved (such approval not to be unreasonably withheld) by the Administrative Agent and with respect to which the Debtor has delivered an executed Restricted Account Letter;
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Restricted Account Bank has the meaning set forth in Section 4.1(1). “Restricted Collateral” shall mean any Additional Collateral held by Administrative Agent pursuant to the terms of Section 3.2(a)(viii) which Borrower has elected to designate as “Restricted Collateral” in a Restricted Collateral Letter executed and delivered by Borrower to Administrative Agent. Notwithstanding anything to the contrary set forth in this Agreement, no Restricted Collateral shall be released to Borrower until payment in full of the Indebtedness; provided, however, that Borrower shall have the right to direct Administrative Agent in writing to apply any cash held by Administrative Agent as Restricted Collateral to the 32
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Restricted Account Bank shall have the meaning set forth in Section 11.1(a) hereof.
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Examples of Restricted Account Bank in a sentence

  • Borrower agrees to timely pay the customary fees and expenses of the Restricted Account Bank in connection with the Restricted Account, as such fees and expenses are established from time to time.

  • The Loan Account will be credited with all payments received by the Agent from the Borrower or for the Borrower's account, including all amounts received in such Borrower's Concentration Account from any Lockbox Bank or Restricted Account Bank maintained by such Borrower.

  • If, however, Administrative Agent shall notify Restricted Account Bank that a Cash Management Period is in effect, Restricted Account Bank shall transfer on each Business Day all available funds then on deposit in the Restricted Account to the Cash Management Account, as provided in the Restricted Account Agreement.

  • So long as Administrative Agent shall not notify Restricted Account Bank that a Cash Management Period is in effect, the Restricted Account Bank shall transfer on each Business Day all available funds then on deposit in the Restricted Account to the Borrower Account, as provided in the Restricted Account Agreement.

  • If, by the Option Redemption Date (as defined in Section 5(a) of the Debenture), the Purchaser has not informed the Company in writing that it has disputed such Required Redemption or, pursuant to the Debenture, elects not to receive said redemption, then the Purchaser shall direct the Restricted Account Bank to release an amount equal to the principal amount of Debenture being redeemed by the Company.

  • Borrower, Administrative Agent, and the Restricted Account Banks shall enter into the Restricted Account Agreements, which among other things shall provide for the opening of a Restricted Account for the deposit of Collections at a Restricted Account Bank.

  • LANDLORD shall have the right from time to time to establish, modify and enforce reasonable rules with respect to all such facilities and areas.

  • In the event that the arbitration shall be decided in favor of the Purchaser, then the Purchaser shall direct the Restricted Account Bank to release such Secured Proceeds to the Purchaser.

  • The defined terms “Bank”, “Noteholder” and “Borrower” as used in the Restricted Account Agreement shall refer to the Restricted Account Bank, the Noteholder and the Assumptor, respectively as those terms are defined herein.

  • On a quarterly basis, the the Purchaser shall direct the Restricted Account Bank to release any accrued interest on the Restricted Account to the Purchaser.


More Definitions of Restricted Account Bank

Restricted Account Bank means Xxxxx Fargo or such other bank(s) as may be agreed to by Agent and Borrowers from time to time.
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Restricted Account Bank means WFRF or such other bank(s) as may be agreed to by Agent and Borrower from time to time.
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Restricted Account Bank has the meaning set forth in Section 4.1(1).
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Restricted Account Bank has the meaning specified in the Pledge and Security Agreement.
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Restricted Account Bank means shall mean Bank of America, N.A. or any successor Eligible Institution approved or appointed by Lender acting as Restricted Account Bank under the Restricted Account Agreement.
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Restricted Account Bank means a financial institution with respect to which a Grantor has delivered an executed Restricted Account Letter.
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Related to Restricted Account Bank

  • Designated Account Bank has the meaning specified therefor in Schedule D-1 to the Agreement (or such other bank that is located within the United States that has been designated as such, in writing, by Borrowers to Agent).

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

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

  • Blocked Account Banks means the banks with whom deposit accounts are maintained in which material amounts (as reasonably determined by the Administrative Agent) of funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Account Bank means any of them.

  • 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.

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Account Banks means the credit institutions administering the Accounts and “Account Bank” means any of them.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

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

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.