Deposit Account definition

Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

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Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

Deposit Account means any deposit account (as that term is defined in the Code).

Examples of Deposit Account in a sentence

Schedule 8.23 sets forth, as of the Restatement Effective Date, each U.S. domestic Deposit Account in which funds of any of the Obligors from any Cash Receipts of the Obligors are deposited.
No arrangement contemplated hereby or by any Control Agreement in respect of any Deposit Account, Securities Accounts or other Investment Property shall be modified by Borrower without the prior written consent of Agent.
Subject to the Intercreditor Agreement, all of its North American bank accounts (including, any Deposit Account, Securities Account or Commodity Account, each as defined in the Security Agreement but excluding the Exempt Accounts) shall be subject to Control Agreements in favor of the Lenders; provided that such Control Agreements shall not be required in the event the Senior Lender does not have any perfected Lien on such accounts.
The Agent and the other Secured Parties hereby acknowledge and agree that so long as no Cash Dominion Period is continuing the Obligors shall have the right to withdraw all funds remaining on deposit in any Concentration Account and the Collateral Agent shall no longer be permitted to direct any account bank under any Deposit Account Control Agreement to ACH or wire transfer any Cash Receipts into any Concentration Account.
The Agent agrees with each Loan Party that the Collateral Agent shall not give any entitlement orders or instructions or directions to the applicable deposit bank, and shall not withhold its consent to the exercise of any withdrawal or dealing rights by such Loan Party with respect to any Deposit Account, unless an Event of Default has occurred and is continuing.

More Definitions of Deposit Account

Deposit Account has the meaning assigned to such term in the UCC.

Deposit Account as defined in the Uniform Commercial Code of any applicable jurisdiction and, in any event, including, without limitation, any demand, time, savings, passbook or like account maintained with a depositary institution.

Deposit Account shall have the meaning set forth in Article 9 of the UCC.

Deposit Account means a demand, time, savings, passbook, or similar account maintained with a bank. The term does not include investment property or accounts evidenced by an instrument.

Deposit Account means the account referred to in Section 2.02 (b) of this Agreement;

Deposit Account means a “deposit account” (as defined in Article 9 of the UCC), an investment account, or other account in which funds are held or invested for credit to or for the benefit of any Credit Party.

Deposit Account any deposit account (as such term is defined in Article 9 of the UCC).