Xxxxx Fargo Accounts definition

Xxxxx Fargo Accounts is defined in Section 6.8(a).
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Xxxxx Fargo Accounts means those certain Collateral Accounts maintained by Borrower at Xxxxx Fargo Bank as of the Effective Date and disclosed in the Perfection Certificate; provided that (i) the aggregate balance of such accounts does not at any time exceed One Million Dollars ($1,000,000.00) and (ii) such accounts are closed within one hundred eighty (180) days after the Effective Date.
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Xxxxx Fargo Accounts are the following two (2) deposit accounts and/or lockboxes maintained by Medicity with Xxxxx Fargo Bank, N.A.: (a) Account No. xxxxx9061, and (b) Lockbox No. xx0708.” • Annual Projections. Notwithstanding anything to the contrary contained in Section 6.2(c) of the Loan Agreement, Borrower shall provide its annual Board- approved operating budgets and financial projections for Borrower’s 2018 and 2019 fiscal years to Bank in a form of presentation reasonably acceptable to Bank within ninety (90) days following the consummation of the Acquisition.
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Examples of Xxxxx Fargo Accounts in a sentence

  • The Confirmed Debtor shall have no obligation to recognize any transfer of any Claims occurring after the close of business on the Distribution Record Date, and shall instead be entitled to recognize and deal for all purposes under the Plan with only those holders of record as of the close of business on the Distribution Record Date.

  • The provisions of the previous sentence shall not apply to (i) the Cross River Accounts, (ii) the Xxxxx Fargo Accounts, or (iii) deposit accounts exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Co-Borrowers’ employees and identified to Bank by Co-Borrowers as such.

  • Subject to the terms of Section 11 below: • Bank hereby consents to: • Medicity maintaining the Xxxxx Fargo Accounts (as defined herein) provided that Borrower and Medicity comply with Section 6.6 of the Loan Agreement (as amended by this Amendment), and agrees that Medicity’s maintenance of the Xxxxx Fargo Accounts in accordance with Section 6.6 of the Loan Agreement (as amended by this Amendment) shall not, in and of itself, constitute an Event of Default under the Loan Agreement.

  • Subject to the terms of Section 11 below: • Bank hereby consents to: • Medicity maintaining the Xxxxx Fargo Accounts (as defined herein) provided that Borrower and Medicity comply with Section 6.8 of the Loan Agreement (as amended by this Amendment), and agrees that Medicity’s maintenance of the Xxxxx Fargo Accounts in accordance with Section 6.8 of the Loan Agreement (as amended by this Amendment) shall not, in and of itself, constitute an Event of Default under the Loan Agreement.

  • Mortgage, pledge, grant or permit to exist a security interest in, or lien upon, (a) all or any portion of Borrower's assets now owned or hereafter acquired, except (i) Permitted Liens (including with respect to the Excluded Xxxxx Fargo Accounts), and (ii) liens to secure Indebtedness permitted pursuant to Section 5.2 of this Agreement, and (b) any Xxxxx Fargo Account or any funds or other financial assets held therein, except liens in favor of Bank or as otherwise permitted by Bank in writing.

  • Notwithstanding the foregoing, Borrowers may maintain their two existing accounts (numbers ***6732 and ***5599) held at Xxxxx Fargo Bank, N.A. (the “Xxxxx Fargo Accounts”) provided that the balance in the Xxxxx Fargo Accounts does not exceed $50,000 in the aggregate at any time.

  • 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, or any of its Subsidiaries’, employees and identified to Collateral Agent by Borrower as such in the Perfection Certificates, (ii) the State Street Accounts and (iii) the Xxxxx Fargo Accounts.

  • Except in connection with or pursuant to the Xxxxx Fargo Accounts, including the WellsNet Service, electronic mail and internet and intranet websites may be used only to distribute routine communications, such as financial statements and other information, and to distribute Loan Documents for execution by the parties thereto, and may not be used to deliver any notice hereunder.

  • No liens or encumbrances, including any Permitted Liens other than in favor of Bank, encumber any of the Xxxxx Fargo Accounts, including the Securities Account, or any of the funds or other financial assets held therein or the proceeds thereof.

  • For Xxxxx Fargo Accounts, any interest earned on such funds during the hold period will remain the property of Xxxxx Fargo.


More Definitions of Xxxxx Fargo Accounts

Xxxxx Fargo Accounts mean, collectively (i) Xxxxx Fargo Account #1 and (ii) Xxxxx Fargo Account #2.
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Xxxxx Fargo Accounts means, individually or collectively, those certain accounts of the Loan Parties maintained by Xxxxx Fargo Bank, National Association ending in (a) XXXX1739; (b) XXXX00000; (c) XXXX00000; and (d) XXXX19420. “Wholly-Owned Subsidiary” means any Restricted Subsidiary of which all of the outstanding Equity Interests (other than any directors’ qualifying shares mandated by applicable law), on a fully-diluted basis, are owned by the Borrower or one or more of the Wholly-Owned Subsidiaries or are owned by the Borrower and one or more of the Wholly-Owned Subsidiaries. “Working Capital” means, as of any date of determination, the difference of consolidated current assets under GAAP of the Loan Parties as of such date (but excluding assets under ASC 815, cash and cash equivalents, and taxes receivable) and consolidated current liabilities under GAAP of the Loan parties as of such date (but excluding obligations under ASC 815, current liabilities in respect of Indebtedness, interest payable and taxes payable). “Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to
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Xxxxx Fargo Accounts means account numbers 4010044609 and 4010011617 at Xxxxx Fargo Bank, N.A.
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Xxxxx Fargo Accounts means, individually or collectively, those certain accounts of the Loan Parties maintained by Xxxxx Fargo Bank, National Association ending in (a) XXXX1739; (b) XXXX00000; (c) XXXX00000; and (d) XXXX19420.
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Xxxxx Fargo Accounts means the Bank Block Accounts, the Operating Accounts, and the Xxxxx Fargo Investment Accounts, all of which are maintained at Xxxxx Fargo pursuant to the Xxxxx Fargo Account Documentation.
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Related to Xxxxx Fargo Accounts

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

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

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

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

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

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

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Lockboxes has the meaning set forth in Section 2.7.

  • 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.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

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

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

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

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Locked Box Accounts means the unaudited accounts of the Group, consisting of a balance sheet as at the Locked Box Date in the Agreed Form;

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • 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.

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

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

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.