Blocked Account definition

Blocked Account has the meaning provided in Section 6.13(a)(ii).

Blocked Account shall have the meaning assigned to such term in Section 5.11(a).

Blocked Account has the meaning set forth in Section 4.1.

Examples of Blocked Account in a sentence

Whether or not an Event of Default has occurred and is continuing, ISR Borrower and US Borrower shall immediately deliver all payments on and proceeds of Accounts collected in the United States to the Cash Collateral Account and UK Borrower shall immediately get in and realize and pay into the Blocked Account all monies which it may receive in respect of Accounts.
Each Loan Party agrees that it will not cause any proceeds of any Blocked Account relating to any Concentration Account to be otherwise redirected.
Borrower hereby authorizes Bank to transfer to the Cash Collateral Account or the Blocked Account (as applicable) any amounts that Bank reasonably determines are proceeds of the Accounts (provided that Bank is under no obligation to do so and this allowance shall in no event relieve Borrower of its obligations hereunder).
Subject to Bank’s right to maintain a reserve pursuant to Section 6.3(d), all amounts received in the Cash Collateral Account and the Blocked Account shall be transferred on a daily basis to Borrower’s operating account with Bank.
Upon receipt by Borrower of any proceeds of Accounts, Borrower shall immediately transfer and deliver same to the Cash Collateral Account or Blocked Account (as appropriate) along with a detailed cash receipts journal.

Blocked Account has the meaning provided in SECTION 2.18(c).

Blocked Account means a deposit account maintained by the Debtor with a Blocked Account Bank which account is the subject of an effective Blocked Account Letter, and includes all monies on deposit therein and all certificates and instruments, if any, representing or evidencing such Blocked Account;

Blocked Account means any deposit account in which any funds of any of the Loan Parties from one or more DDAs (other than any Excluded DDA) are concentrated and with respect to which a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

Blocked Account. Any DDA into which the contents of any other DDA is transferred.

Blocked Account means an account maintained by the SPV or an Originator as Master Servicer or Sub-Servicer, as applicable, at a Blocked Account Bank for the purpose of receiving Collections, set forth in Schedule 4.1(s) or any account added as a Blocked Account pursuant to and in accordance with Section 4.1(s) and which, if not maintained at and in the name of the Administrative Agent, is subject to a Blocked Account Agreement (or will become subject to such an agreement as provided in the definition of “Net Pool Balance”).

Blocked Account has the meaning set forth in Section 2.10(c) hereof.