Examples of Concentration Bank Agreement in a sentence
The Members are bound to the Rules and Procedures by signing the Clearing Membership Agreement and the Approved Settlement Banks and Concentration Banks are bound to the Settlement Finality Procedures by the signing the Settlement Bank Agreement or the Settlement and Concentration Bank Agreement (as the case may be).
Office staff will take all mail to the post office on the last working day of the week.
The Company shall during the term of this Agreement maintain the existing cash management system including its network of Lockbox, Collection Deposit Account and Concentration Account pursuant to the Collection Bank Agreement and the Concentration Bank Agreement.
All expenses for the maintenance of the Concentration Account or any other Deposit Account and all expenses arising under this Concentration Bank Agreement not paid as provided above are the responsibility of the Borrower.
Concentration Bank shall have no obligation to review or confirm that any actions taken pursuant to this Concentration Bank Agreement comply with the Borrower Security Agreement or any other agreement or document.
Neither the Company nor any of its Subsidiaries has or maintains any bank or other account containing or receiving proceeds of the Collateral except the Collection Deposit Account and the Concentration Account disclosed in the Collection Bank Agreement and the Concentration Bank Agreement (including the schedules thereto), and accounts in connection with the granting of Liens permitted under Section 8.01(g), (m), (o) or (u) other than the Permitted PACC Accounts.
Neither the Company nor any of its ----------------------- Subsidiaries has or maintains any bank or other account containing or receiving proceeds of the Collateral except the Collection Deposit Account and the Concentration Account and the Retail Accounts disclosed in the Collection Bank Agreement and the Concentration Bank Agreement (including the schedules thereto).
The Servicer or, if Fremont Financial is no longer the Servicer, Fremont Financial, (i) shall promptly, but in no event more than five days following the date of deposit of any Gross Collections into the Lock-Box Accounts, remit or cause to be remitted the payments on the Advances to a Concentration Account and (ii) shall cause each Concentration Account to be subject to a Concentration Bank Agreement.
The rights, remedies, and benefits of the Agent herein provided are cumulative and not exclusive of any other rights, remedies, or benefits that the Agent may have under this Agreement, the Concentration Bank Agreement, the Borrower Security Agreement, the Credit Agreement, any other Credit Document, or at law, in equity, by statute, or otherwise.
In the event that the Transferor or Fremont Financial enters into a Concentration Bank Agreement with a Concentration Bank with which the Transferor or Fremont Financial had not entered into a Concentration Bank Agreement at the date hereof, the Transferor shall deliver, or cause Fremont Financial to deliver, to the Trustee and the Liquidity Agent a copy of the executed Concentration Bank Agreement within three Business Days of its execution.