Examples of Agent Deposit Account in a sentence
Within sixty (60) days after the Closing Date (or such extended period of time as agreed to by the Administrative Agent), the Administrative Agent shall have received, in form and substance reasonably satisfactory to the Administrative Agent, Deposit Account Control Agreements and Securities Account Control Agreements with respect to each account required to be subject to such agreement pursuant to Section 6.13.
The partial deregulation of liquor licensing has undoubtedly been one of the most profound drivers of change in Perth over the past decade.
If any such funds are nevertheless deposited into any Interim Deposit Account, Designated Deposit Account, Controlled Account or Agent Deposit Account, the Originators will cause the Servicer to, within two (2) Business Days, identify and transfer such funds out of such account to (or pursuant to the instructions of) the Person entitled to such funds.
The Administrative Agent shall have received, in each case in form and substance reasonably satisfactory thereto, within ninety (90) days following the Closing Date (or such extended period of time as reasonably agreed to by the Administrative Agent), Deposit Account Control Agreements to the extent required to be delivered pursuant to Section 6.14.
Fail, within ten days following the opening of each such account, to execute and deliver to the Administrative Agent Deposit Account Agreements granting Liens in the Operating Accounts.
No later than ninety (90) days after the Closing Date (or such later date as may be agreed to by the Administrative Agent in its reasonable discretion), the Loan Parties will deliver to Administrative Agent Deposit Account Control Agreements with respect to Borrower’s accounts other than with respect to Excluded Deposit Accounts as required by Section 8.15.
Each Grantor has executed and delivered to the Administrative Agent Deposit Account Control Agreements for each Deposit Account and related lockbox maintained by such Grantor into which all cash, checks or other similar payments relating to or constituting payments made in respect of Receivables are or will be deposited (a “Collateral Deposit Account”), which Collateral Deposit Accounts, as of the First Amendment Effective Date, are identified as such on Exhibit B-I.
If any payments on the Pool Receivables or other Collections are received by an Originator, it shall hold such payments in trust for the benefit of the Administrative Agent (on behalf of itself and the other Secured Parties under the ABL Credit Agreement) and promptly (but in any event within one (1) Business Day after receipt) remit such funds into a Designated Deposit Account, a Controlled Account or Agent Deposit Account.
Following such transfer, this Agreement shall terminate and all future Gross Revenues shall be deposited in the Collateral Agent Deposit Account and the terms of the account control agreement for such Collateral Agent Deposit Account shall govern the treatment of such Gross Revenues.
But you deserve the sentence you receive.” Earlier in the day, Judge Davis sentenced Olugbenga Temidago Adeniran, age 36, of New York, to 266 months in federal prison on one count of bank fraud conspiracy, four counts of bank fraud, and four counts of aggravated identity theft.