Examples of DACA Account in a sentence
The Inscape Group manually transfers any customer receipts to the DACA Account.
The DACA Account is used to collect receipts from the majority of US customers, regardless if they are invoiced by Inscape or Inscape New York.
Approved funds are advanced by Hilco UK (as defined below) or transferred from the DACA Account into the KeyBank Operating Account.
This lockbox account is automatically swept such that the proceeds from any Florist Network Member receipts are (i) transferred to the DACA Account maintained at Wells Fargo and (ii) thus, ultimately applied to pay down the Revolving Credit Facility.
For example, if the proceeds of the sale of units of Inventory are received in the DACA Account on day one (1), the applicable fee is low point of the range ($0.60), whereas if the proceeds of the sale of units of Inventory are received in the DACA Account on day fourteen (14), the applicable fee is high point of the range ($0.81).
Except as otherwise required by law, Bank will not agree with any third party to comply with instructions for disposition of funds in the DACA Account.
The F8 Fees for this Product Schedule A-7 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.
Such Fee and Cost Reimbursement shall be paid by the Administrative Agent out of the aggregate undistributed cash swept by the Administrative Agent from the AG BofA DACA Account or any other Borrower account prior to January 23, 2020; after applying the Fee and Cost Reimbursement against the Undistributed Pre-Jan 23 Cash, Net Cash (as defined above) shall equal $1,310,169.02.
At Lender's request, all such documents must be marked by Borrowers to show assignment to Lender, and each Borrower must notify each of its Account Debtors by mail that the Account has been assigned to Lender and that all payments on the Account, whether made by mail or electronically or otherwise must be made payable to such Borrower or Lender, at Xxxxxx's discretion, to the Lockbox Account, the DACA Account or such other address provided by Xxxxxx in writing.
In the event any conflicting instructions or demands are made upon Bank by Borrower or Lender as to any matter related to the DACA Account, Bank shall have the right to inter plead the proceeds of the DACA Account with the appropriate court and shall be entitled to recover its reasonable attorney fees and costs from the interpled fund.