ABL Accounts definition

ABL Accounts means all Accounts of each Grantor that constitute ABL Collateral.
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Examples of ABL Accounts in a sentence

  • As of the Closing Date, (i) the Deposit Accounts and Securities Accounts listed on Part A of Schedule 3.27 constitute all of the Specified ABL Accounts and (ii) the Deposit Accounts listed on Part B of Schedule 3.27 constitute all of the Residual Bank Accounts.

  • To the extent the ABL Agent has delivered notice of the ABL Accounts to the Term Debt Trustee, the Term Debt Trustee shall be deemed to have had actual knowledge of such ABL Collateral.

  • The parties hereto agree, that until satisfaction in full of all ABL Accounts, no such party shall take any action that would cause any account debtor to alter the order of payments of any invoices in connection with such account debtor’s Accounts in a manner not reflective of such account debtor’s good faith intent.

Related to ABL Accounts

  • Excluded Accounts means deposit or securities accounts that are designated solely as accounts for, and are used solely for, payroll funding, employee compensation, employee benefits or taxes, in each case in the ordinary course of business.

  • 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.

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

  • Reserve Accounts means the Cash Management Account, the Clearing Account, the Tax and Insurance Reserve Account, the Required Repairs Reserve Account, the Capital Expenditure Reserve Account, the TI/LC Reserve Account, the Excess Cash Flow Account, the Operating Expense Reserve Account and any other account established by this Agreement or the other Loan Documents.

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