Cash Concentration Accounts definition

Cash Concentration Accounts means the deposit accounts maintained by the Borrower at each Cash Concentration Account Bank described and designated as such on Schedule 6.27 hereto or any new cash concentration, depository account with respect to which the Borrower has complied with the requirements of Section 7.13 hereof, which deposit accounts shall be, upon the occurrence of a Cash Management Triggering Event, under the sole dominion and control of the Agent.
Sample 1
Cash Concentration Accounts means the A Cash Concentration Account and the B Cash Concentration Account.
Sample 1
Cash Concentration Accounts the Deposit Accounts listed on Schedule 8 hereto as the Cash Concentration Accounts and any other Deposit Account established and maintained by any Loan Party from time to time as a Cash Concentration Account in accordance with Section 4.3.
Sample 1

Examples of Cash Concentration Accounts in a sentence

  • None of the Cash Concentration Accounts shall be subject to any deduction, set off, banker’s lien or any other right in favor of any Person.

  • In accordance with the terms of the applicable Blocked Account Agreement, such Lockbox Bank shall be instructed that, upon its receipt of any Activation Notice, it shall deposit on a daily basis all funds from collections deposited into such Collection Account to one of the Cash Concentration Accounts.

  • In the event that any terms or provisions of any Cash Concentration Accounts Agreement and this Agreement conflict, the terms and provisions of this Agreement shall govern.

  • Schedule 4.14(g) hereto lists the following information with respect to each Domestic Obligor: (i) all present Lockboxes, all Collection Accounts and all Cash Concentration Accounts, (ii) the name and address of each Lockbox, (iii) the account number of each Collection Account and each Cash Concentration Account, (iv) a contact Person at each Lockbox Bank, and (v) a list describing all Blocked Account Agreements.

  • Collections received into the Cash Concentration Accounts shall (i) during a Cash Dominion Period, be applied to the Revolving Loan, and (ii) at all other times, be swept into the Borrower Representative’s main operating account that is maintained with the Agent.

  • These include Business Checking; Credit Cards; Merchant Services; Savings; Investment; Cash Management Services; Automated Clearing House Originations (ACH) & EFT Transactions; Business Manager, Accounts Receivable Financing; Cash Concentration Accounts through ACH; Payroll Direct Deposit; Customized Statement Cycles; and lending.

  • Such Grantor has no Pledged Accounts, Cash Concentration Accounts or other deposit accounts other than the Pledged Accounts and the Cash Concentration Accounts listed on Schedule 8 hereto, as such Schedule 8 may be amended from time to time pursuant to Section 4.2(d) and Section 4.3(a)(iii), and the Xxxxx Cash Accounts.

  • It is a condition to the continued maintenance of the Cash Concentration Accounts with you that you agree to this letter agreement.

  • All of the Concentration Investments made in respect of the Cash Concentration Accounts and all interest and income received thereon and therefrom, and the net proceeds realized upon the maturity or sale thereof, shall be held in the Cash Concentration Accounts as Account Collateral, which amounts may be released solely in accordance with the provisions of Section 17.4 and of the Cash Concentration Account Letters.

  • You will endorse and process all eligible checks and other remittance items not covered by paragraph (c) and deposit such checks and remittance items in the Cash Concentration Accounts.


More Definitions of Cash Concentration Accounts

Cash Concentration Accounts shall have the meaning provided in Section 5.01(k).
Sample 1
Cash Concentration Accounts the accounts listed on Schedule 8 hereto as the Cash Concentration Accounts.
Sample 1
Cash Concentration Accounts means, collectively, account no. 1412209809 in the name of ICF Xxxxxx International, Inc., account no. 1412184330 in the name of ICF Xxxxxx International, Inc., and such other account or accounts as ICF Xxxxxx and the Agent shall from time to time agree, each maintained with CoreStates Bank, N.A. at its office at 0000 Xxxxxxxx Xxxxxx, Xxxxxxxxxxxx, Pennsylvania, but under the sole control and dominion of the Secured Party.
Sample 1

Related to Cash Concentration Accounts

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Collection Accounts As defined in Section 3.10(a).

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2005-5, Home Equity Pass-Through Certificates, Series 2005-5. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Eligible Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Finance Charge Account is defined in Section 4.9(a).

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

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Holding Account means an account:

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Investment Account As defined in Section 3.12(a).

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.