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

  • Each Borrower shall enter into Deposit Account Control Agreements with respect to all Deposit Accounts, within 12 Business Days after the Effective Date (or such later time as the Lender may agree to in writing).

  • The Borrower shall establish on its books the following accounts, which shall be maintained so long as the loan obligations remain unsatisfied: a General Operating Account, a Tenant Security Deposit Account and a Reserve Account.


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 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 Borrower.
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 shall have the meaning set forth in Article 9 of the UCC.
Deposit Account. “Documents”, “Equipment”, “Fixtures”, “General Intangibles”, “Goods”, “Instruments”, “Inventory”, “Investment Property”, “Letter-of-Credit Rights”, “Noncash Proceeds”, “Payment Intangibles”, “Proceeds”, “Promissory Notes”, “Security”, “Record”, “Security Account”, “Software”, and “Supporting Obligations”.
Deposit Account means a demand, time, savings, passbook or similar account maintained with a Person engaged in the business of banking, including a savings bank, savings and loan association, credit union or trust company.