Company Segregated Account definition

Company Segregated Account means a bank account containing cash or Cash Equivalents and held in the name of the Company at the Company’s regular bank, segregated from all other accounts of the Company and containing only amounts required to be deposited or held therein pursuant to Section 4.35(a), which account and its contents have been pledged as security for the First Priority Obligations as part of the First Priority Collateral and in which the First Priority Collateral Trustee has a valid, enforceable, and perfected first-priority lien.
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Company Segregated Account means a bank account containing cash or Cash Equivalents and held in the name of the Company at the Company’s regular bank, segregated from all other accounts of the Company and containing only amounts required to be deposited or held therein pursuant to Section 4.25(a), which account and its contents have been pledged as security for the Second Priority Obligations as part of the Second Priority Collateral and in which the Second Priority Collateral Trustee has a valid, enforceable, and perfected first-priority lien.
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Examples of Company Segregated Account in a sentence

  • Until all of the First Priority Obligations and all Refinanced FPS have been paid in full or otherwise discharged, the Company shall and shall cause its Restricted Subsidiaries to deposit all proceeds and other sums described in this Section 4.25 in a Company Segregated Account or a First Priority Collateral Trustee Segregated Account, as applicable, pursuant to Section 4.35 of the First Priority Indenture.

Related to Company Segregated Account

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

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

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

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

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

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

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

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

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

  • 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.

  • 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.

  • 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.

  • 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).

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

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

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

  • 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.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

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

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

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

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Interest Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.