Concentration Account Agreement definition

Concentration Account Agreement means any agreement among an Originator, the Borrower, the Administrative Agent, and the Concentration Account Bank with respect to the Concentration Account that provides, among other things, that (a) all items of payment deposited in the Concentration Account are held by the Concentration Account Bank as custodian for the Administrative Agent, (b) the Concentration Account Bank has no rights of setoff or recoupment or any other claim against the Concentration Account, as the case may be, other than for payment of its service fees and other charges directly related to the administration of the Concentration Account and for returned checks or other items of payment and (c) the Concentration Account Bank agrees to forward all Collections received in the Concentration Account to the Agent Account within one Business Day of receipt, and is otherwise in form and substance acceptable to the Administrative Agent.
Concentration Account Agreement means an agreement substantially in the form attached as Exhibit D-2 hereto among the Transferor, the Concentration Account Bank and the Agent.
Concentration Account Agreement as defined in subsection 4.16(b).

Examples of Concentration Account Agreement in a sentence

  • This Agreement, together with the Concentration Account Agreement and the Intermediate Concentration Account Agreements, is effective to, and does, transfer to the Agent, for the benefit of the Investors, all right, title and interest of the Transferor in and to the Concentration Account and each Intermediate Concentration Account.

  • All proceeds in the Concentration Account shall be distributed into the Collection Account within two Business Days as provided in the Concentration Account Agreement and the Intercreditor Agreement.

  • Pursuant to the Concentration Account Agreement, the Servicer shall cause the applicable Collections to be transferred from the Concentration Account to the Collection Account within one (1) Business Day of deposit therein.

  • Guarantee or otherwise become in any way liable with respect to the obligations of any third Person except by endorsement of instruments or items of payment for deposit to the account of an Obligor subject to a Concentration Account Agreement or which are transmitted or turned over to Foothill.

  • This Agreement, together with the Concentration Account Agreement, is effective to, and does, transfer to the Agent, for the benefit of the Investors, all right, title and interest of the Transferor in and to the Concentration Account.


More Definitions of Concentration Account Agreement

Concentration Account Agreement means a control agreement among any Loan Party, the Concentration Account Bank and the Administrative Agent, in form and substance satisfactory to the Collateral Agent and the Administrative Agent, applicable to the Concentration Account.
Concentration Account Agreement. That certain Intercreditor and Concentration Account Administration Agreement, dated as of the Closing Date, among the Servicer, the Collateral Custodian and such other parties thereto, which pertains to the Concentration Account maintained by the Servicer.
Concentration Account Agreement means the Blocked Account Agreement among Borrower, the Concentration Account Bank and Agent, applicable to the Concentration Account.
Concentration Account Agreement. The Concentration Account Agreement, dated as of July 27, 2005, by and among U.S. Bank, as Concentration Account Bank and Patriot Capital Funding, Inc. as such agreement may be amended, modified, waived, supplemented or restated from time to time.
Concentration Account Agreement means a Concentration Account Agreement between any Subsidiary Guarantor, the Senior Collateral Agent and a bank or financial institution satisfactory to the Senior Collateral Agent substantially in the form of Schedule 9 to this Agreement.
Concentration Account Agreement means the blocked account agreement among the Seller, the Administrative Agent and the Concentration Account Bank, as the same may be amended, supplemented, amended and restated, or otherwise modified from time to time in accordance with the Agreement.
Concentration Account Agreement means an agreement in form and substance reasonably satisfactory to Foothill, among Borrower, Foothill, and the Concentration Account Bank.