Central Account Bank definition

Central Account Bank have the meanings set forth in Section 7.1.
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Central Account Bank means First Union National Bank, a national -------------------- banking association.
Sample 1
Central Account Bank are defined in Section 7.1.
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Examples of Central Account Bank in a sentence

  • The Deposit Bank and the Central Account Bank shall be directed to deliver to the Borrowers copies of bank statements and other information made available by the Deposit Bank and the Central Account Bank concerning the Deposit Account and the Central Account, respectively.

  • All funds of the Borrowers which are deposited with Central Account Bank as Reserves hereunder shall be held by Central Account Bank in one or more Permitted Investments, such Permitted Investments, prior to an Event of Default, to be made as directed by the Borrowers.

  • Except only as expressly provided otherwise herein, all funds of the Borrowers which are deposited with Central Account Bank as Reserves hereunder shall be held by Central Account Bank in one or more Permitted Investments, such Permitted Investments, prior to an Event of Default, to be made as directed by the Borrowers.

  • The Accounts governed by this Agreement have been established at the Central Account Bank pursuant to Article III of the Indenture.

  • If no such successor Central Account Bank is appointed within thirty (30) days after receipt of the resigning Central Account Bank’s notice of resignation, the resigning Central Account Bank may petition a court for the appointment of a successor Central Account Bank.

  • The Central Account Bank shall be protected in acting upon any notice, resolution, request, consent, order, certificate, report, opinion, bond or other paper, document or signature reasonably believed by it to be genuine, and it may be assumed that any Person purporting to act on behalf of any Person giving any of the foregoing in connection with the provisions hereof has been duly authorized to do so.

  • Borrowers acknowledge and agree that the Accounts are subject to the sole dominion, control and discretion of Lender, its authorized agents or designees, including the Local Collection Account Bank and the Central Account Bank, subject to the terms hereof.

  • On or before the Closing Date, pursuant to the terms of the Cash Management Agreement, the Borrowers shall establish and maintain, at the Central Account Bank, Eligible Accounts each in the name of Lender, as secured party hereunder, to serve as the "Deposit Accounts" for the respective Properties (said accounts, and any accounts replacing same in accordance with this Loan Agreement and the Cash Management Agreement, collectively, the "Deposit Accounts").

  • Except only as expressly provided otherwise herein, all funds of the Issuers which are deposited with Central Account Bank as Reserves hereunder shall be held by Central Account Bank in one or more Permitted Investments at the direction of the Issuers in accordance with the Cash Management Agreement.

  • Pursuant to the Cash Management Agreement, the Borrowers shall jointly open and maintain at the Central Account Bank an interest bearing Eligible Account in the name of Lender, as secured party hereunder to serve as the "Holdback Account" (the "Holdback Account").


More Definitions of Central Account Bank

Central Account Bank shall have the meaning ascribed to it in Section 3.01(a).
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Central Account Bank means Wachovia Bank, N.A., or any successor financial institution appointed by Lender pursuant hereto or pursuant to the Central Account Agreement.
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Related to Central Account Bank

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

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

  • Blocked Account Banks means the banks with whom deposit accounts are maintained in which material amounts (as reasonably determined by the Administrative Agent) of funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

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

  • Deposit Account Bank means a financial institution at which a Deposit Account is maintained.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Account Bank means any of them.

  • Account Banks means the credit institutions administering the Accounts and “Account Bank” means any of them.

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

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

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • 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.

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

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

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

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

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • 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.

  • Central Depository means Centrálny depozitár cenných papierov SR, a.s., with its registered seat at ul. 29. augusta 1/A, Bratislava 814 80, Slovak Republic, registered in the Commercial Register maintained by the District Court Bratislava I, Section: Sa, Insert No.: 493/B;

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.