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.
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
If any Credit Party opens or otherwise comes into possession of a Deposit Account or a Securities Account not previously disclosed on Schedule 7.19, such schedule shall be updated immediately upon such opening, or coming into possession.
No Credit Party shall establish or maintain any new Deposit Account or Securities Account unless Administrative Agent shall have received a Control Agreement in respect thereof, in accordance with the terms of Section 5.3; provided, however, no such Control Agreement shall be required for Excluded Accounts.
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).