Designated Deposit Account definition

Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

Designated Deposit Account is the multicurrency account denominated in Dollars, account number , maintained by Borrower with Bank.

Designated Deposit Account means a deposit account to be maintained by Borrower with Xxxxx Fargo or one of its Affiliates, as from time to time designated by Borrower by written notification to the Administrative Agent.

Examples of Designated Deposit Account in a sentence

• Notwithstanding the foregoing, until all Collateral Accounts (other than Excluded Accounts) in existence on the Effective Date are subject to a Control Agreement in favor of the Collateral Agent in accordance with the terms of this Section 6.6 and the Post Closing Letter, the Designated Deposit Account shall maintain funds of not less than an amount equal to the aggregate principal amount of Term Loans which have been funded.

• Collateral Agent and each Lender may debit (or ACH) the Designated Deposit Account (or, if funds in the Designated Deposit Account are insufficient or if an Event of Default has occurred and is continuing, any other account of a Loan Party which is subject to a Control Agreement in favor of Collateral Agent), for principal and interest payments or any other amounts Borrower owes Collateral Agent or the Lenders under the Loan Documents when due.

• On the Funding Date, each Lender shall credit and/or transfer (as applicable) to the Designated Deposit Account, an amount equal to its ratable portion of the Term Loan to be advanced on such Funding Date in accordance with its Commitment Percentage.

More Definitions of Designated Deposit Account

Designated Deposit Account is Borrower’s deposit account, account number 3300345156 (routing number 000000000), maintained with Agent.

Designated Deposit Account is Borrower’s deposit account, account number 0000000000, maintained with Silicon Valley Bank.

Designated Deposit Account is the account number ending 597 (last three digits) maintained by Borrower with Bank (provided, however, if no such account number is included, then the Designated Deposit Account shall be any deposit account of Borrower maintained with Bank as chosen by Bank).

Designated Deposit Account means a deposit account to be maintained by Borrower with Wells Fargo or one of its Affiliates, as from time to time designated by Borrower by written notification to the Administrative Agent.

Designated Deposit Account is the account number ending [________________________] (last three digits) maintained by Borrower with Bank (provided, however, if no such account number is included, then the Designated Deposit Account shall be any deposit account of Borrower maintained with Bank as chosen by Bank).

Designated Deposit Account is the deposit account established by Borrower with Bank for purposes of receiving Credit Extensions.

Designated Deposit Account means a deposit account designated by a Borrower in its Request for Loan submitted with respect to each Loan.