Company Proceeds Account definition

Company Proceeds Account means the restricted account of the
Sample 1
Company Proceeds Account means an interest bearing account established by the Company with the Security Agent and designated as "Proceeds Account".
Sample 1

Examples of Company Proceeds Account in a sentence

  • The Company may at any time direct the Trustee in writing to return moneys from the Company Proceeds Account to the Company, if no further Costs of Issuance are required to be paid.

  • The Trustee shall establish, maintain and hold in trust a subaccount within the Costs of Issuance Fund designated as the “Company Proceeds Account.” The Company’s contribution toward Costs of Issuance shall be deposited by the Trustee in the Company Proceeds Account, and shall be disbursed in the same manner as provided in Section 7.1. The Company deposit related to the Series 2008A Bonds is $532,431; the deposit for any Additional Bonds shall be set forth in a Supplemental Indenture.

Related to Company Proceeds Account

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Asset Sale Proceeds Account means one or more deposit accounts or securities accounts holding the proceeds of any sale or disposition of any Notes Collateral.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

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

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • 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.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

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

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

  • Funds Account means an account held by you or any third parties maintained with any Participant.

  • 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.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

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

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

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

  • Expense Account The account established pursuant to Section 10.3(c).

  • 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.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Active Account means an individual investment account in the Plan with a balance greater than $0.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).