Examples of Checking Accounts in a sentence
The Tax on Checking Accounts (“Bank Tax”) is imposed on funds transferred to or from bank accounts in Argentina.
The Issuer shall not, and shall not permit any of its Subsidiaries to, establish any bank account other than the Accounts and not more than two checking accounts (each, a "Checking Account"), provided that the Secured Parties shall have a perfected security interest in such Checking Accounts pursuant to an agreement which is reasonably satisfactory to the Collateral Agent.
Commercial Source: Company documents SSB CSFL Pro Forma Checking Accounts by Number Checking Accounts by Dollars ~778 thousand Checking Accounts ~1.1 million Total Deposit Accounts Pro Forma # of Accounts Pro Forma Net Operating Revenue – 4Q 2019 Pro Forma represents sum of SSB and CSFL 4Q 2019 revenue.
Proceeds transferred into Argentina may be subject to the Tax on Checking Accounts (“Bank Tax”), which is imposed on funds transferred to or from bank accounts in Argentina.
Notwithstanding anything to the contrary herein, the Borrowers shall not permit the aggregate amount of funds on deposit in the Checking Accounts at any time to exceed (a) prior to the Term-Conversion Date (i) $120,000 for the SWMP Checking Account, or (ii) $60,000 in the aggregate for the Renegy and Renegy Trucking Checking Accounts or (b) after the Term-Conversion Date $60,000 in the aggregate for all the Checking Accounts.
No Co-Borrower has any accounts other than the Depositary Accounts and Local Checking Accounts subject to a Control Agreement, which Control Agreements are in full force and effect.
Upon the Maturity Date, or the occurrence and continuation of a Default or Event of Default, or on any date that this Agreement is terminated, the Obligors shall cause cash, in the Currency, to be deposited and maintained with the Bank, as additional cash collateral, in an amount equal to one hundred percent (100%) of the L/C Obligations and the Borrower irrevocably authorizes the Bank to place a hold on any amounts in the Checking Accounts to cover such additional cash collateral required.
The funds in the Checking Accounts and Operating Expense Accounts shall not be co-mingled with funds from any other projects or facilities managed or operated by Manager and Manager shall compile detailed records concerning all transactions relating to the Checking Accounts and Operating Expense Accounts and shall promptly deliver to Owner copies of all statements or other correspondence received by Manager with respect to such Checking Accounts and Operating Expense Accounts.
No Co-Borrower shall maintain or use any deposit or securities accounts other than the Accounts and the Local Checking Accounts without the prior written consent of Administrative Agent (as reasonably directed in writing by the Required Lenders).
Borrowers shall execute and deliver such documents and instruments as Collateral Agent shall reasonably request in order to grant Collateral Agent, for the benefit of the Secured Parties, a perfected first priority Lien in the Checking Accounts.