Store Accounts definition

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

Store Accounts means Deposit Accounts established for the purpose of receiving receipts from a Store location of a Loan Party.

Store Accounts shall have the meaning ascribed to the term “Store Accounts” in the ABL Credit Agreement as in effect on the date hereof.

Examples of Store Accounts in a sentence

• At all times that Agent shall have notified any depository bank to transfer funds from a Blocked Account or Store Account to the Agent Payment Account, all payments made to such Blocked Accounts or Store Accounts, whether in respect of the Receivables, as proceeds of Inventory or other Collateral or otherwise shall be treated as payments to Agent in respect of the Obligations and therefore shall constitute the property of Agent and Lenders to the extent of the then outstanding Obligations.

• As described in the Cash Management Motion, the Debtor’s 38 Store Accounts are funded by in-store purchases.

• All collected funds on deposit in the Store Accounts shall be sent by wire transfer or other electronic funds transfer on each Business Day to the Blocked Accounts, except nominal amounts which are required to be maintained in such Store Accounts under the terms of such Loan Party’s arrangements with the bank at which such Store Accounts are maintained, and except as the Agent may otherwise agree.

• The Manager may withdraw available amounts on deposit in the Securitized Corporate-Owned Store Accounts at any time in accordance with the Managing Standard and as otherwise set forth in the Related Documents in order to pay any Store Operating Expenses.

• The Securitized Corporate-Owned Store Accounts are owned by Planet Fitness Assetco.

More Definitions of Store Accounts

Store Accounts shall have the meaning set forth in Section 6.3; provided that the Store Accounts maintained by the Borrowers as of the Closing Date are identified as “Store Accounts” on Schedule 8.10 hereto, and any replacement or additional accounts of the Borrowers.

Store Accounts means each of the deposit accounts of a Borrower that are used solely for receiving store receipts from a retail store location of a Borrower.

Store Accounts has the meaning set forth in the Revolving Loan Agreement.

Store Accounts means an account designated as such on Schedule 8 of the Perfection Certificate.

Store Accounts means Deposit Accounts that are used solely for receiving store receipts from a retail store location of a Grantor.

Store Accounts means Deposit Accounts that are used solely for receiving store receipts from a retail store location of a Grantor. “Supporting Obligation” shall mean all “supporting obligations” as defined in Article 9 of the UCC. “Tax Code” shall mean the United States Internal Revenue Code of 1986, as amended from time to time. “Trademark Licenses” shall mean any and all agreements providing for the granting of any right in or to Trademarks (whether such Grantor is

Store Accounts means the store accounts in respect of each Mortgaged Property held in the name of the Chargor which operates the self storage facilities in a Relevant Jurisdiction which are held with a bank which has the Minimum Short-Term Ratings applicable to a Local Bank and any other account that may be opened in accordance with the Transaction Documents with an Eligible Bank in replacement of such account;