UK Dominion Account definition

UK Dominion Account each lockbox or Deposit Account established by the UK Loan Parties which is either (i) subject to a fixed charge lien in favor of Agent or (ii) subject to a floating charge lien in favor of Agent which shall, upon the occurrence of a Cash Dominion Event and subsequent creation of a fixed charge lien in favor of Agent over such lockboxes or Deposit Accounts, become subject to a fixed charge lien in favor of Agent, in each case, in accordance with Section 7.3.2.
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UK Dominion Account each special account established by the UK Domiciled Loan Parties at Bank of America (London) over which Agent or European Security Trustee has exclusive control for withdrawal purposes. UK Eligible Accounts: at any time, the Accounts of the Applicable UK Borrower at such date except any Account:
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UK Dominion Account has the meaning specified therefor in Section 2.15(d)(ii).
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Examples of UK Dominion Account in a sentence

  • Subject to Section 10.1.13, the ledger balance in any U.K. Dominion Account of the U.K. Borrowers as of the end of a Business Day shall be applied to the U.K. Facility Obligations whether or not a Dominion Trigger Period exists.

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  • UK Guarantor, Foothill, and the UK Dominion Banks shall enter into the UK Dominion Agreements, which among other things shall provide for the opening of a depositary account over which Foothill shall have dominion and control (a "UK Dominion Account") for the deposit of all such Collections at such UK Dominion Bank.

  • Borrower agrees, and, by its execution and delivery of its Guaranty, UK Guarantor shall agree, that all such Collections and other amounts received by UK Guarantor from any Account Debtor or any other source immediately upon receipt shall be deposited into a UK Dominion Account.

  • The applicant has agreed to maintain the contribution as agreed at the Committee in November 2008 for capital works of £36,772:00.

  • US Dominion Account: any Dominion Account other than a UK Dominion Account.

  • In the event that any Obligations of the UK Loan Parties do not match the currency of the amounts received into the UK Dominion Account, the UK Loan Parties shall be deemed to have requested the Agent to convert at the Spot Rate any such amounts to the currency of the outstanding Obligations of any such UK Loan Parties and apply such converted amounts to such outstanding Obligations.

  • If a Dominion Account or a UK Dominion Account is not maintained with Lender, Lender may require immediate transfer of all funds in such account to a Dominion Account or a UK Dominion Account, respectively, maintained with Lender.

  • Each Borrower shall take all actions necessary to establish Agent’s control of each such Deposit Account (other than an account exclusively used for payroll, payroll taxes, taxes, or employee benefits, or an account, not being a UK Dominion Account, containing not more that $10,000 at any time (subject to the limitations in Section 8.2.


More Definitions of UK Dominion Account

UK Dominion Account has the meaning set forth in Section 2.7(b). ------------------- -------------- "UK Dominion Agreements" those certain depository account agreements, ---------------------- in form and substance satisfactory to Foothill, each of which is among UK Guarantor, Foothill, and one of the UK Dominion Banks.
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UK Dominion Account one or more special accounts established by UK Borrower at Bank of America over which Agent has exclusive control of withdrawal purposes over which the relevant UK Borrower has granted Agent a first ranking fixed charge.
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UK Dominion Account a Dominion Account maintained at Bank of America, N.A. (acting through its London branch) and designated by Lender as the UK Dominion Account, or such other account as may be designated by Lender to Borrower in writing for the deposit of payments on UK Accounts, over which Lender has exclusive control for withdrawal purposes. UK Loan Sublimit: $500,000.
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Related to UK Dominion Account

  • Dominion Account a special account established by Borrowers at Bank of America or another bank acceptable to Agent, over which Agent has exclusive control for withdrawal purposes.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Control Account means a Securities Account or Commodities Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodities Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

  • Collection Accounts As defined in Section 3.10(a).

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

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

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

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

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

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

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

  • 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.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.