US Collection Accounts definition

US Collection Accounts means Agent's US Dollar account number 50-000-000 in the name of Agent at Deutsche Bank Trust Company Americas, New York, NY, ABA# 000-000-000, Account Name: GECC CFS CIF Collection A/C, Ref: CFN8857 and Lower Lakes, or such other account(s) as may be specified in writing by Agent as the "US Collection Accounts".
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US Collection Accounts means a special account established by US Borrowers at Bank of America or another bank acceptable to Agent, over which Agent has exclusive control for withdrawal purposes, and such other account(s) as may be specified in writing by Agent as the “US Collection Accounts”.
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US Collection Accounts means the existing lock box and deposit accounts established by the US Credit Parties in the United States for the collection of payments made in respect of Accounts of the US Credit Parties, and all such present and future accounts to be opened by the US Borrower or its Domestic Subsidiaries with the consent of the DIP Agent, other than the Project Accounts, including without limitation, the Chase Concentration Account.
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Examples of US Collection Accounts in a sentence

  • Team-of-Team is an organizational structure that offers flexibility and adaptability to face VUCA, one practice that differentiates this structure from other structures is the role- switching system, ICEE practice this system by switching the roles or/and the location of their members, ICEE members can become a team leader or place in other roles on different location depending on the organization needs.

  • The balances in the US Collection Accounts in the case of US Loan Parties, the balances in the Belgian Collection Accounts in the case of Belgian Loan Parties, and the balances in the Luxembourg Collection Accounts in the case of Luxembourg Loan Parties as of the end of a Business Day shall be applied to the Obligations of such Borrower or Borrowers at the beginning of thenext Business Day during any Cash Dominion Event.

  • All funds deposited in such U.S. Collection Accounts shall immediately become the property of Agent and Loan Parties shall obtain the agreement by such Blocked Account Bank to waive any offset rights against the funds so deposited.

  • All proceeds of Collateral of the Canadian Loan Parties shall be deposited by the Canadian Loan Parties into either (A) a collection account established at a Canadian bank or banks (each such bank, a “Canadian Blocked Account Bank”) or (B) a collection account established at PNC Canada or an Affiliate of PNC for the deposit of such proceeds (all such accounts the “Canadian Collection Accounts” and together with the U.S. Collection Accounts, the “Collection Accounts”).

  • Each US Loan Party, Agent and the banks listed on Schedule 4.15 that maintain deposit accounts of such Loan Party as of the Closing Date or other banks selected by the Company and reasonably acceptable to Agent (the “US Collection Banks”) shall, within the Post Closing Period enter into and thereafter maintain Control Agreements in respect of each of the US Collection Accounts.

  • Collateral Agent and Lenders assume no responsibility to Grantors for any lockbox arrangement, U.S. Collection Accounts, the Core U.S. Concentration Account or the U.S. Dominion Account, including any claim of accord and satisfaction or release with respect to any payment items accepted by any bank.

  • Account Security Agreements Such Seller will cause all U.S. Collection Accounts which receive Collections related to the Acquired Receivables sold by such Seller to be subject at all times to a U.S. Account Security Agreement duly executed by such Seller.

  • The Transferor authorizes the Transferee, the Administrative Agent or any of their respective assignees to file any registrations, notices of charge or other instruments similar in effect in any jurisdiction, and amendments thereto, relating to the Acquired Receivables, the Receivables Property and the U.S. Collection Accounts without the signature of the Transferor.

  • The Transferor will cause all U.S. Collection Accounts which receive Collections related to the Acquired Receivables sold by the Transferor to be subject at all times to a U.S. Account Security Agreement duly executed by the Transferor.

  • During any Dominion Trigger Period, all amounts deposited in the U.S. Collection Accounts shall be deemed received by the Administrative Agent in accordance with Section 2.18 of the Credit Agreement and shall, after having been credited to the U.S. Collection Accounts, be applied (and allocated) by Administrative Agent in accordance with Section 2.10(b) of the Credit Agreement.

Related to US Collection Accounts

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

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

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

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments Inc., Bear Stearns ARM Trust, Mortgage Pass- Thrxxxx Xxrtificates, Series 2003-1 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

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

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

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

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

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

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

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

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Finance Charge Account is defined in Section 4.9(a).

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

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

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Final Collection Date means the date on or following the Termination Date on which the Outstanding Loan Amount has been reduced to zero and all other Borrower Obligations have been paid in full.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

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

  • 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.