Cash Concentration Account definition

Cash Concentration Account means a deposit account maintained by the Administrative Borrower at the Cash Concentration Account Bank, which deposit account shall be under the sole dominion and control of the Agent.

Cash Concentration Account means the deposit account no. 3057-3774 at Citibank, N.A. designated the “Citicorp USA, Inc. F/A/O Revlon Consumer Products Corporation Concentration Account”, which account shall be under the Collateral Agent’s control.

Cash Concentration Account means the "Cash Concentration Account", as defined in the Security Agreement.

Examples of Cash Concentration Account in a sentence

• The Cash Concentration Account shall not be subject to any deduction, set off, banker’s lien or any other right in favor of any Person.

• All collections from sales of Inventory or from Account Debtors shall be deposited directly on a daily basis, and in any event no later than the first Business Day after the date of receipt thereof, into Borrowers’ Cash Concentration Account as set forth in Section 4.15(g).

• All funds deposited into the Cash Concentration Account shall be the exclusive property of the Agent and shall be subject to the sole and exclusive control of the Agent and only to such signing authority designated from time to time by the Agent.

• Moreover, the utilisation of SB also has an influence on the costs of transportation (which can add up to 20% of TC), as longer distances need to be covered to guarantee the supply of SB for biogas production.

• Each of the Borrowers hereby agrees to deposit immediately such directly received collections into any Collection Account maintain by or on behalf of such Borrower or directly into the Cash Concentration Account.

More Definitions of Cash Concentration Account

Cash Concentration Account has the meaning specified in the Security Agreement.

Cash Concentration Account means the cash concentration account maintained by the Borrower with the Cash Concentration Bank in Roanoke, Virginia (account number 2001000059003), to which the Borrower will cause to be transferred, on each Business Day, amounts deposited in the Collection Deposit Accounts on such Business Day.

Cash Concentration Account means, with respect to any Grantor, the cash concentration account maintained by such Grantor with the Collateral Agent, to which such Grantor will cause to be transferred, on each Business Day during the Cash Collection Period, amounts deposited in the Collection Deposit Accounts on such Business Day, as and to the extent provided in Section 5.01.

Cash Concentration Account means a deposit account established and maintained by the Borrower, for itself and as agent for the other Credit Parties, over which the Agent, for itself and for the benefit of the Lenders, has "control" (as such term is used in Article 9 of the UCC), whether by virtue of such deposit account's being maintained at the Agent or, if required by the Agent, pursuant to the terms of a Deposit Account Control Agreement in form and substance satisfactory to the Agent in its reasonable discretion. "Cash Equivalents" means

Cash Concentration Account means, with respect to the Borrowers, that certain commercial deposit account maintained at KeyBank, the funds within which: (a) shall be the sole and exclusive property of the Agent for the benefit of the Agent and the Lenders and (b) the Agent shall have the irrevocable and exclusive right to withdraw until all of the Obligations are paid, performed, satisfied and enforced in full and the commitments of the Lenders to make Advances hereunder and all Letters of Credit have terminated.

Cash Concentration Account means the deposit account no. 3059-0515 at Citibank, designated as "CUSA F/A/O FRIEDMAN'S INC. CONCENTRATION A/C", which account shall be under xxx xxxx xxxinion and control of the Administrative Agent.

Cash Concentration Account means, with respect to the Borrowers, at the discretion of the Agent, either: (i) any of those certain commercial deposit accounts at PNC Bank in the name of the Agent, designated as “PNC Bank (for the benefit of itself and the Issuer) Borrowing Agent Cash Concentration Account” pursuant to a Cash Concentration Account Agreement (a “Non-Borrower Titled Cash Concentration Account”); or (ii) such other depository accounts as may be established and maintained by any of the Borrowers, the Borrowing Agent or any other applicable Obligor at PNC Bank from time to time, pursuant to a Deposit Account Agreement and/or a Blocked Account Agreement, each of which, in either case, shall be: (a) without liability by the Agent or PNC Bank, as depositary bank, to pay interest thereon, (b) the funds within which shall immediately become the sole and exclusive property of the Agent for the pro rata benefit of the Secured Creditors and subject to the sole and exclusive control off the Agent, and (c) from which account the Agent shall have the irrevocable and exclusive right to withdraw funds.