DACA Account definition

DACA Account means any deposit or other bank account of any Loan Party subject to a Deposit Account Control Agreement.
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.
DACA Account is defined in Section 4.9(a).

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.


More Definitions of DACA Account

DACA Account means a bank account held by a Designated Subsidiary in the United States, 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.
DACA Account substantially in the form set forth on Schedule B (the “Deposit Account Control Agreement”). Funds shall be distributed from the DACA Account in accordance with Section 3(d)(iii) of this Agreement, and the Deposit Account Control Agreement shall direct the Bank shall at all times during its term to accept disposition instructions solely from F8 without consent from Vendor.
DACA Account shall have the meaning set forth in Section 3.1 hereof.
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 lockbox account established under Section 2(e).

Related to DACA Account

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Investment Account As defined in Section 3.12(a).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Collection Accounts As defined in Section 3.10(a).

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Separate Accounts means the accounts which are to be prepared for each

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Administration Account As defined in Section 7.02.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.