Canadian Designated Account definition

Canadian Designated Account means the Deposit Account identified on Schedule D-1.
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Canadian Designated Account shall have the meaning provided in Section 2.3(c).
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Canadian Designated Account the Deposit Account of the Canadian Borrowers identified on Schedule 1.1E.
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Examples of Canadian Designated Account in a sentence

  • In his original pleadings Mr. White, for the plaintiff, relied upon the first contract as a legally enforceable contract being entered into.

  • At all times during a Cash Dominion Period (including the first and last day thereof), all amounts in the Canadian Collection DDAs shall be remitted daily to the Canadian Agent’s Account and shall be applied by the Administrative Agent on a daily basis to the Canadian Finance Obligations outstanding and thereafter to the Canadian Borrowers (to be wired to the Canadian Designated Account) or such other Person entitled thereto under applicable law.

  • The Canadian Borrowers agree to establish and maintain the Canadian Designated Account with the Canadian Designated Account Bank for the purpose of receiving the proceeds of the Canadian Advances to the Canadian Borrowers requested by the Canadian Borrowers and made by the Administrative Agent or the Canadian Revolving Lenders hereunder.

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  • The crediting of Loans to a Canadian Designated Account conclusively establishes the obligation of the Canadian Borrower to repay such Loans as provided herein.

  • Borrower agrees to establish and maintain the Canadian Designated Account with the Canadian Designated Account Bank and the US Designated Account with the US Designated Account Bank for the purpose of receiving the proceeds of the Advances requested by Borrower and made by Agent or the Lenders hereunder.

  • The crediting of Canadian Revolving Loans and Term Loans to a Canadian Designated Account conclusively establishes the obligation of the Canadian Borrower to repay such Canadian Revolving Loans and Term Loans as provided herein.

  • The crediting of Canadian Revolving Loans to a Canadian Designated Account conclusively establishes the obligation of the Canadian Borrower to repay such Canadian Revolving Loans as provided herein.

  • The Agent is entitled to rely conclusively on any Person’s request for Canadian Revolving Loans on behalf of any Canadian Borrower so long as the proceeds thereof are to be transferred to any Canadian Designated Account or to another account designated by the Borrowers’ Agent in writing.

  • The crediting of Loans to a Canadian Designated Account conclusively establishes the obligation of the applicable Canadian Borrower to repay such Loans as provided herein.


More Definitions of Canadian Designated Account

Canadian Designated Account on or before the deadline set forth above; provided, however, that such telephonic or electronic notice shall be confirmed in writing by delivery to the Agent (with a copy to the Canadian Bank) (A) promptly and on the same day of a telecopy of a Canadian Notice of Borrowing which has been signed by an authorized officer of the Canadian Borrower and (B) only if requested by the Agent (or the Canadian Bank on its behalf), of a Canadian Notice of Borrowing containing the original signature of an authorized officer of the Canadian Borrower, mailed or delivered by the Canadian Borrower to the Agent (with a copy to the Canadian Bank) on the date such notice is given or as soon as reasonably practicable thereafter. Unless otherwise agreed with the Canadian Borrower, in the event that the terms of any confirmatory Canadian Notice of Borrowing referred to in the proviso contained in the immediately preceding sentence shall conflict with the telephonic or electronic notice with respect to which it was delivered, the terms of such telephonic or electronic notice shall govern. The Agent at all times shall be entitled to rely on telephonic or electronic notice in making such Canadian Revolving Loans, regardless of whether any written confirmation is received.
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Canadian Designated Account has the meaning specified in Section 1.5(c).
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Canadian Designated Account means that certain DDA of PCI Chemicals identified as the Canadian Designated Account on Schedule D-1.
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Related to Canadian Designated Account

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Nominated Account means any of the accounts nominated by you from time to time for use with phone banking, internet banking or Credit External payments.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Designated Account Bank has the meaning specified therefor in Schedule D-1.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.

  • Cash Collateral Accounts shall have the meaning given to such term in Section 11.1 hereof.

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under its sole dominion and control.

  • New Account means each charge account established pursuant to an Account Agreement between FSB and any Person, which account is designated pursuant to Subsection 2.03(a) to be included as an Account and identified on an Account Schedule delivered pursuant to Sections 2.01 and 2.03.

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.