Inventory Concentration Account definition

Inventory Concentration Account shall have the meaning specified in the Security Agreement.
Sample 1Sample 2
Inventory Concentration Account has the meaning set forth in Section 6.
Sample 1Sample 2
Inventory Concentration Account has the meaning specified in Section 6 of the Security Agreement.
Sample 1Sample 2

Examples of Inventory Concentration Account in a sentence

  • During each Sweep Period, all amounts deposited to the credit of the Inventory Concentration Account will be transferred to the Sweep Account pursuant to instructions given by the Administrative Agent to the depositary bank for the Inventory Concentration Account.

  • No deposits from any other source will be made to the Inventory Concentration Account.

  • The Inventory Concentration Account will be subject to the Control of the Administrative Agent.

  • Subject to the rights of the Administrative Agent, the depositary bank will be instructed to transfer all credit balances in the Inventory Concentration Account to such account or accounts as the Borrowers’ Agent may designate from time to time not later than the close of business on each Business Day.

  • In addition, all (i) payments by Equistar Receivables of the purchase price for Transferred Receivables pursuant to the Securitization Facility and (ii) other proceeds of sale or other disposition of Collateral will be deposited directly into the Inventory Concentration Account.

  • Subject to the rights of the Receivables Agent, the depositary bank will be instructed to transfer all credit balances in the Receivables Funding Account, other than such portion of such credit balances that such depositary bank is instructed to remit to the Receivables Agent pursuant to the Securitization Facility, to the Inventory Concentration Account not later than the close of business on each Business Day, and no other withdrawals shall be permitted.

  • Except to the extent remitted to the Receivables Agent pursuant to the Securitization Facility, all amounts deposited to the credit of the Receivables Funding Account will be transferred to the Inventory Concentration Account as contemplated by subsection (c) above.

  • Subject to the rights of the Administrative Agent, the depositary bank will be instructed to transfer all credit balances in the Inventory Concentration Account to such account or accounts as the Borrowers Agent may designate from time to time not later than the close of business on each Business Day.

  • Except to the extent remitted to the Receivables Agent pursuant to the 2007 Securitization Facility, all amounts deposited to the credit of the Receivables Funding Account will be transferred to the Inventory Concentration Account as contemplated by subsection (c) above.

  • Attached hereto as Schedule 11 is the account number, type of account and name and address of the financial institution for each of the Inventory Concentration Account, the Sweep Account and the Cash Collateral Account.


More Definitions of Inventory Concentration Account

Inventory Concentration Account has the meaning set forth in Section 5. Lien Grantor means each of Equistar, HRLP, Basell, and any other Borrower (other than Lyondell) under the Credit Agreement from time to time party hereto as Lien Grantor. As contemplated by Section 1.05 of the Credit Agreement, Lyondell may at its election become a Lien Grantor hereunder by execution and delivery of an instrument to that effect reasonably satisfactory to the Administrative Agent. It is acknowledged that as of the date hereof, Lyondell is the owner of all Equity Interests in LyondellBasell Receivables, so that none of such Equity Interests are Collateral. Liquid Investment means (i) direct obligations of the United States or any agency thereof, (ii) obligations guaranteed by the United States or any agency thereof, (iii) time deposits and money market deposit accounts issued by or guaranteed by or placed with a financial institution reasonably acceptable to the Administrative Agent, and (iv) fully collateralized repurchase agreements for securities described in clause (i) or (ii) above entered into with a financial institution reasonably acceptable to the Administrative Agent, provided in each case that such Liquid Investment (x) matures within 30 days after it is first included in the Collateral and (y) is in a form, and is issued and held in a manner, that in the reasonable judgment of the Administrative Agent permits appropriate measures to have been taken to perfect security interests therein. Liquidated Secured Obligation means, at any time, any Secured Obligation (or portion thereof) that is not an Unliquidated Secured Obligation at such time.
Sample 1

Related to Inventory Concentration Account

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

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

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

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

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

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

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

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

  • Obligor Concentration Limit At any time, in relation to the aggregate Unpaid Balance of Receivables owed by any single Obligor and its Affiliated obligors (if any):

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

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

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

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Excess Concentration Amount means, on any date of determination, the sum of, without duplication,

  • 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.

  • Concentration means the weight of any given material present in a unit volume of liquid. Unless otherwise indicated in this permit, concentration values shall be expressed in milligrams per liter (mg/l).

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

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

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