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

Maintain the Collection Account, the Designated Deposit Account, all escrow, reserve, clearing, and cash management accounts related to the Eligible Loans, and all other deposit and securities accounts (to the extent any such accounts are acceptable to the Administrative Agent in its sole discretion) with the Account Bank.
Each Loan Party shall provide the Lender with prompt written notice upon establishing any Deposit Account or Securities Account (other than Excluded Accounts) and shall take all actions necessary to establish the Lender’s control of each such Deposit Account or Securities Account (other than an Excluded Account).
Agreement Ladies and Gentlemen: Reference is made to that certain Deposit Account Control Agreement dated as of April 15, 2025 (as amended, the “Deposit Account Control Agreement”), by and among Phoenix Motor Inc.
No Loan Party shall maintain any Deposit Account or Securities Account unless such Deposit Account or Securities Account is subject to Control Agreements in favor of the Lender.
Pursuant to Section 9 of the Deposit Account Control Agreement, effective as of the date of this Notice of Termination, Lender hereby terminates the Deposit Account Control Agreement in its entirety.

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

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