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

Notwithstanding anything to the contrary provided herein, to the extent a Deposit Account or Securities Account ceases to be an Excluded Account, the relevant Loan Party shall enter into a Control Agreement with respect to such Deposit Account or Securities Account prior to such Deposit Account or Securities Account ceasing to be an Excluded Account.
Maintain Control Agreements in favor of the Administrative Agent with respect to each Deposit Account and each Securities Account (excluding, in each case, any Excluded Account).
The Loan Parties will not establish or maintain any Deposit Account or Securities Account, other than (a) the accounts established or permitted pursuant to the Depositary Agreement and (b) one or more ▇▇ ▇▇▇▇ Collateral Accounts.
Each Loan Party shall promptly notify the Administrative Agent of any opening or closing of a Deposit Account or Securities Account (other than any Excluded Account).
The Loan Parties will not establish or maintain any Deposit Account or Securities Account, other than accounts subject to a Control Agreement.

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).