DACA Account definition

DACA Account means a bank account held by a Designated Subsidiary in the United States of America, in respect of which account such Designated Subsidiary has provided to the Collateral Agent a deposit account control agreement perfecting the Lien of the Security over such account in form and substance satisfactory to the Collateral Agent, acting reasonably.

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DACA Account means any deposit or other bank account of any Loan Party subject to a Deposit Account Control Agreement.

DACA Account has the meaning set forth in Section 4.1.

Examples of DACA Account in a sentence

The F8 Fees for this Product Schedule A-2 will be determined as follows: For purposes of this Fee Schedule, Age of Inventory Sold with respect to particular unit(s) of Inventory is measured beginning on the date such unit(s) of Inventory arrived at the Facilities until the date that the proceeds of the sale of such units of Inventory by Vendor to Vendor’s customer are received in the DACA Account.
In addition to or in lieu of disbursements by Bank as described above, so long as Borrower and Bank maintain a currently effective agreement under which Borrower is entitled to use Bank’s Commercial Electronic Office® or other online internet portal operated by Bank to transfer funds from accounts at Bank to which Borrower has access, Facility Servicer may from time to time make transfers of collected and available funds from the DACA Account to such Destination Accounts as Facility Servicer may determine.
Company will use its best efforts to provide a fully executed Deposit Account Control Agreement and open the DACA Account on or before May 20, 2020.
If not already refunded by the applicable Platform (and deducted from the amount deposited by the Platform in the DACA Account), F8 shall cause the refund of amounts in the DACA Account associated with properly returned units of the Product to the appropriate customer(s).
If amounts in the DACA Account are insufficient to fully reimburse Bank for such amounts, Borrower agrees to pay such deficiency to Bank in immediately available funds, without setoff or counterclaim, within five (5) Business Days after demand of Bank.

More Definitions of DACA Account

DACA Account shall have the meaning ascribed to such term in Section 2.4.

DACA Account means the lockbox account established under Section 2(e).

DACA Account means any deposit or other bank account of the Borrower subject to a Deposit Account Control Agreement.

DACA Account shall have the meaning set forth in Section 3.1 hereof.

DACA Account means that deposit account created pursuant to the DACA Agreement.

DACA Account means any deposit account or securities account of a US Loan Party with respect to which First Priority Representative has entered into a deposit account control agreement or a securities account control agreement for the purpose of obtaining control over such deposit account in accordance with Section 9-104(a)(2) or Section 8-106(d)(2) of the Uniform Commercial Code but in respect of which Second Priority Representative has not entered into such a deposit account control agreement or a securities account control agreement (and solely to the extent that the Uniform Commercial Code that is applicable to perfection of a security interest in such deposit account or securities account includes a provision substantially similar to Section 9-104(a)(5) or Section 8-106(d)(3) of the Uniform Commercial Code of the State of New York as in effect on the date hereof).

DACA Account means the account opened by the Company pursuant to the DACA Agreement.