Working Capital Account Agreement definition

Working Capital Account Agreement means, collectively, (a) each of the agreements among Borrower, Operating Company, Collateral Agent and a Working Capital Bank set forth on Schedule IV attached hereto and (b) any agreement entered into by Borrower, Operating Company, Lender and any replacement Working Capital Bank, in each case as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.
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Working Capital Account Agreement shall have the meaning ascribed to such term in the Senior Loan Agreement.
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Working Capital Account Agreement means that certain Control Account Agreement dated as of the Original Closing Date by and among ▇▇▇▇▇▇▇▇, Administrative Agent, for the benefit of Lenders and Working Capital Bank.
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Examples of Working Capital Account Agreement in a sentence

  • Upon the occurrence and during the continuance of an Event of Default, Borrower shall no longer have any right to withdraw Working Capital Funds from the Working Capital Account, as further set forth in the Working Capital Account Agreement, and Administrative Agent may apply any Working Capital Funds on deposit in the Working Capital Account to the payment of the Debt in such order, proportion and priority as Administrative Agent may determine in its sole and absolute discretion.

  • At or prior to the Closing Date, Borrower shall establish and maintain the Working Capital Account as a segregated Eligible Account pursuant to the terms of the Working Capital Account Agreement with the Working Capital Bank, which such Working Capital Account shall be in trust for the benefit of Lenders and shall be under the sole dominion and control of Borrower prior to an Event of Default and thereafter, Administrative Agent, for the benefit of Lenders.

  • Interest accrued, if any, on the Working Capital Funds shall become part of the Working Capital Funds in accordance with the applicable terms and conditions of the Working Capital Account Agreement.

  • Claims include, but are not limited to: • Federal and state statutory claims, common law claims, and those based in contract, tort, fraud, misrepresentation or any other legal theory; • Claims or disputes that arose before the effective date of the PayPal Working Capital Account Agreement (including, but not limited to, claims relating to advertising, promotions, or disclosures); and • Claims or disputes that may arise after the termination of the PayPal Working Capital Account Agreement.

  • The following section is the PayPal Working Capital Account Agreement between WebBank, member FDIC, and the Borrower, which sets forth the terms and conditions of the PayPal Working Capital Account.

  • The remainder of the PayPal Working Capital Account Agreement will continue to apply.

  • At or prior to the Closing Date, Borrower shall cause Mortgage Borrower to establish and maintain the Working Capital Account as a segregated Eligible Account pursuant to the terms of the Working Capital Account Agreement with the Working Capital Bank, which such Working Capital Account shall be in trust for the benefit of Lenders and shall be under the sole dominion and control of Mortgage Borrower prior to an Event of Default and thereafter, Mortgage Administrative Agent, for the benefit of Lenders.

  • Until such time, if any, as the amount set forth in clause (i) above is deposited into the Collection Account, all payments received on or with respect to such Financed Student Loan shall remain an asset of the Trust.

  • Interest accrued, if any, on the Working Capital Funds shall become part of the Working Capital Funds in accordance with the applicable terms and conditions of the Working Capital Account Agreement (as defined in the Senior Loan Agreement).

  • Prior to the Original Closing Date, ▇▇▇▇▇▇▇▇ established, has maintained and shall maintain the Working Capital Account as a segregated Eligible Account pursuant to the terms of the Working Capital Account Agreement with the Working Capital Bank, which such Working Capital Account shall be in trust for the benefit of Lenders and shall be under the sole dominion and control of Borrower prior to an Event of Default and thereafter, Administrative Agent, for the benefit of Lenders.