BOA Account definition

BOA Account is defined in Section 7.12.
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BOA Account has the meaning set forth in Section 5.16.
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Examples of BOA Account in a sentence

  • Notwithstanding the foregoing, or anything to the contrary herein, Borrower may maintain the Bank of America deposit account having the account number ******7979 (last four digits) (the “External BOA Account”), provided that the funds in the External BOA Account do not exceed at any time an aggregate of Five Hundred Thousand Dollars ($500,000).

  • External BOA Account Up to $500,000 in the aggregate $_________ External Paypal Account Up to $500,000 in the aggregate $_________ Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

  • Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.25:1.00 _____:1.00 Yes No External Accounts Maximum Funds Allowed Therein Actual Complies External BOA Account Up to $500,000 in the aggregate $_________ External Paypal Account Up to $500,000 in the aggregate $_________ Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

  • Notwithstanding the foregoing, Borrower may maintain (i) a p▇▇▇▇ cash account with Bank of America, provided that the aggregate balance of such account does not exceed Ten Thousand Dollars ($10,000.00) at any time (the “BOA Account”), and (ii) deposit accounts with Royal Bank of Canada, provided that the aggregate balance of such accounts do not exceed One Hundred Thousand Dollars ($100,000.00) (the “RBC Accounts”) (the BOA Account and the RBC Account, collectively the “Permitted Accounts”).

  • Within five (5) Business Days of receipt, deliver to Bank a copy of the monthly bank statement for the BOA Account.

  • The amount of cash funded into the BOA Account shall not be a credit from Seller Parties to Buyer, and such amounts shall not be treated as a Current Asset under Section 1.4 hereunder (the “L/C Credit Amount”).

  • Seller Parties and Buyer shall make arrangements with Bank of America prior to Closing that the BOA Account will become the collateral for the Letters of Credit as of Closing, which will allow such Letters of Credit to remain in place as of and following Closing.