US Collection Accounts definition

US Collection Accounts means Agent's US Dollar account number 5▇-▇▇▇-▇▇▇ in the name of Agent at Deutsche Bank Trust Company Americas, New York, NY, ABA# 0▇▇-▇▇▇-▇▇▇, Account Name: GECC CFS CIF Collection A/C, Ref: CFN8857 and Lower Lakes, or such other account(s) as may be specified in writing by Agent as the "US Collection Accounts".
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US Collection Accounts means a special account established by US Borrowers at Bank of America or another bank acceptable to Agent, over which Agent has exclusive control for withdrawal purposes, and such other account(s) as may be specified in writing by Agent as the “US Collection Accounts”.
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US Collection Accounts means the existing lock box and deposit accounts established by the US Credit Parties in the United States for the collection of payments made in respect of Accounts of the US Credit Parties, and all such present and future accounts to be opened by the US Borrower or its Domestic Subsidiaries with the consent of the DIP Agent, other than the Project Accounts, including without limitation, the Chase Concentration Account.
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Examples of US Collection Accounts in a sentence

  • All U.S. Collection Accounts shall thereafter be maintained with BANA.

  • Each U.S. Lock-Box and U.S. Collection Account is in the name of the Seller, and the Seller owns and has good and marketable title to the U.S. Collection Accounts free and clear of any Adverse Claim.

  • Each US Loan Party, Agent and the banks listed on Schedule 4.15 that maintain deposit accounts of such Loan Party as of the Closing Date or other banks selected by the Company and reasonably acceptable to Agent (the “US Collection Banks”) shall, within the Post Closing Period enter into and thereafter maintain Control Agreements in respect of each of the US Collection Accounts.

  • Collateral Agent and Lenders assume no responsibility to Grantors for any lockbox arrangement, U.S. Collection Accounts, the Core U.S. Concentration Account or the U.S. Dominion Account, including any claim of accord and satisfaction or release with respect to any payment items accepted by any bank.

  • Only Collections and other amounts payable in respect of Acquired Receivables are deposited into the U.S. Collection Accounts.

  • All funds deposited in such U.S. Collection Accounts shall immediately become the property of Agent and Loan Parties shall obtain the agreement by such Blocked Account Bank to waive any offset rights against the funds so deposited.

  • Obligors have been directed to make all payments to the U.S. Collection Accounts.

  • All proceeds of Collateral of the Canadian Loan Parties shall be deposited by the Canadian Loan Parties into either (A) a collection account established at a Canadian bank or banks (each such bank, a “Canadian Blocked Account Bank”) or (B) a collection account established at PNC Canada or an Affiliate of PNC for the deposit of such proceeds (all such accounts the “Canadian Collection Accounts” and together with the U.S. Collection Accounts, the “Collection Accounts”).

  • Such Seller authorizes the Buyer, Bunge Securitization B.V., the Administrative Agent or any of their respective assignees to file any registrations, notices of charge or other instruments similar in effect in any jurisdiction, and amendments thereto, relating to the Acquired Receivables, the Receivables Property and the U.S. Collection Accounts without the signature of such Seller.

  • The Transferor will cause all U.S. Collection Accounts which receive Collections related to the Acquired Receivables sold by the Transferor to be subject at all times to a U.S. Account Security Agreement duly executed by the Transferor.