Transition Accounts definition

Transition Accounts means, collectively, (i) that certain deposit account, with account number 4123417362, maintained by ICD at ▇▇▇▇▇ Fargo Bank, N.A. and (ii) that certain deposit account, with account number 4124020199, maintained by ICD at ▇▇▇▇▇ Fargo Bank, N.A.

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Transition Accounts is defined in Section 6.7.

Transition Accounts are each defined in Section 5.9(a).

Examples of Transition Accounts in a sentence

Purchaser shall, and shall cause the Company to, cooperate with Sellers in connection with Sellers' actions with respect to the Transition Accounts.
The Transition Accounts shall be closed no later than October 31, 2012.
Except for amounts on deposit in the Transition Accounts, Borrower and its Subsidiaries shall maintain all of their deposit or other bank accounts with Capital One, N.A., or such other financial institutions as are acceptable to Administrative Agent, and shall cause all existing and future balances, deposits and receipts to be deposited into such accounts, other than amounts properly deposited in a hereinafter described segregated account (excluding the segregated account, the “Sweep Accounts”).
The provisions of the previous sentence shall not apply to (i) deposit accounts exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Agent and the Lenders by Borrower as such, (ii) subject to the limitations set forth in Section 5.7(a) above, the Transition Accounts, or (iii) the Foreign Accounts.
Sellers shall retain sole ownership, signing authority and control over the Transition Accounts, and neither Purchaser nor the Company shall withdraw any funds from, write any checks on, or take any other action with respect to, the Transition Accounts.

More Definitions of Transition Accounts

Transition Accounts means the existing deposit accounts of the Credit Parties with BBVA Compass Bank as of the Fourth Amendment Effective Date; provided that (i) the aggregate amount of funds on deposit in such accounts shall not exceed the sum of (a) all outstanding and unpaid checks or Automated Clearing House (ACH) payments against such accounts as of the Fourth Amendment Effective Date plus (b) 10% of the amount determined in the immediately preceding clause(a) up to an aggregate amount not to exceed $5,000 to fund any fees and expenses due to BBVA Compass Bank and other contingencies with respect to such accounts, and (ii) promptly after all such outstanding and unpaid checks or ACH payments clear, all of such accounts shall be closed and any remaining funds on deposit therein shall be transferred to the Sweep Accounts.

Transition Accounts means, to the extent applicable to the Participant, one or more of the Company Stock Transition Account, the Growth Transition Account, the Equity Transition Account, the Interest Income Transition Account, the Money Market Transition Account, the Bond Transition Account, the Balanced Transition Account, and the Telesis Stock Transition Account.

Transition Accounts means cash and investment accounts to be opened in the name of the Client in the books of a Custodian in connection with a Transition, including (without limitation) any cash accounts required only in respect of Acquisition Assets;

Transition Accounts means those three lockbox accounts, account numbers 91253, 99214 and 96916, at Existing Lender. "UCC FILING AUTHORIZATION LETTER" means a letter duly executed by each Grantor authorizing Agent to file appropriate financing statements on Form UCC-1 without the signature of such Grantor, as applicable, in such office or offices as may be necessary or, in the opinion of Agent, desirable to perfect the security interests purported to be created by the Loan Documents.

Transition Accounts has the meaning set forth in Section 2.8(a).

Transition Accounts shall have the meaning specified in Section 5.14.

Transition Accounts has the meaning set forth in subsection (b)(iv) below;