Concentration Accounts definition

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

Concentration Accounts has the meaning set forth in Section 2.7(a).

Concentration Accounts means an Eligible Account that, individually, or when aggregated with all other outstanding Accounts of the same Account debtor and such Account debtor's Affiliates, constitute more than ten percent (10%) of the net outstanding balance of all Eligible Accounts of the Customer then outstanding for all Account debtors.

Examples of Concentration Accounts in a sentence

• Open new DDAs, Blocked Accounts, or Concentration Accounts unless the Loan Parties shall have delivered to the Administrative Agent appropriate DDA Notifications or Blocked Account Agreements consistent with the provisions of Section 6.13 and otherwise reasonably satisfactory to the Administrative Agent.

• Each of the Concentration Accounts is owned by a Securitization Entity.

• Each Credit Party shall cause the earnings derived from each of the respective Collateral Vessels, to the extent constituting Earnings and Insurance Collateral or Secondary Earnings and Insurance Collateral, to be deposited by the respective account debtor in respect of such earnings into one or more of the Concentration Accounts maintained for such Credit Party from time to time.

• Each Credit Party represents and warrants that it does not now maintain, and will not in the future maintain, any other Concentration Account with any Concentration Account Bank other than the applicable Concentration Account; provided, however, that each such Credit Party shall be permitted to establish new Concentration Accounts pursuant to the terms of the Security Agreement.

• Without limiting any Credit Party’s obligations in respect of this Section 8.12, each Credit Party agrees that, in the event it receives any earnings constituting Earnings and Insurance Collateral or Secondary Earnings and Insurance Collateral, or any such earnings are deposited other than in one of the Concentration Accounts, it shall promptly deposit all such proceeds into one of the Concentration Accounts maintained for such Credit Party from time to time.

More Definitions of Concentration Accounts

Concentration Accounts means collectively, the Bank of America Concentration Account and any concentration account established by the Canadian Borrower at Bank of America-Canada Branch, together with any and all other concentration accounts opened by any of the Credit Parties and consented to, in writing, by the Agent.

Concentration Accounts has the meaning set forth in Section 6(a).

Concentration Accounts has the meaning assigned to such term in Section 5.15(a).

Concentration Accounts means, collectively, the deposit accounts of Borrowers identified on Schedule 8.10 of the Information Certificate as the concentration accounts and such other accounts as may be established after the date hereof in accordance with the terms hereof used to receive funds from the Cash Management Accounts; sometimes being referred to herein individually as a “Concentration Account”.

Concentration Accounts have the meanings specified in Annex A.

Concentration Accounts means, collectively, the Canadian Concentration Account and the Domestic Concentration Account.

Concentration Accounts means, collectively, the deposit accounts of Borrowers identified on Schedule 8.10 of the Information Certificate as the concentration accounts and such other accounts as may be established after the date of this Agreement in accordance with the terms hereof used to receive funds from the Cash Management Accounts; sometimes being referred to herein individually as a “Concentration Account”.