Depository Accounts definition

Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

Depository Accounts means the lock-box or blocked depository accounts maintained by the Borrower for the collection of the cash of the Borrower and the proceeds from the sale of the Inventory of the Borrower.

Depository Accounts means the collection accounts, which are subject to CIT's instructions, as specified in Paragraph 3.4 of Section 3 of this Financing Agreement.

Examples of Depository Accounts in a sentence

• As of the later of the Restatement Date and the date of the most recent supplement to Schedule 4.8(h) (if any) delivered to Agent in accordance with Section 9.18 hereof, all Deposit Accounts, investment accounts and other bank accounts of any Credit Party, including, without limitation, all Blocked Accounts and Depository Accounts are described and set forth on Schedule 4.8(h) hereto.

• Approval of Resolution 23-24R-06 Depository Accounts noting the following institutions: First Secure Community Bank and J.P. Morgan Chase Bank, N.A. A motion was made by Trustee Kopman; seconded by Trustee Nudera to approve Resolution 23-24R-06 Depository Accounts as presented.

• All funds deposited in such Blocked Accounts or Depository Accounts shall immediately become subject to the security interest of Agent for its own benefit and the ratable benefit of Issuer, Lenders and all other holders of the Obligations, and Borrowing Agent shall obtain the agreement by such Blocked Account Bank to waive any offset rights against the funds so deposited as provided in the applicable control agreement.

• To open and to operate Depository Accounts to keep the Securities acquired to these presents.

More Definitions of Depository Accounts

Depository Accounts means accounts of Borrower containing any ------------------- deposits or other sums credited to Borrower, whether in regular or special depository accounts or otherwise.

Depository Accounts means the collection accounts, which are subject to the Agent's instructions, as specified in Paragraph 3.4 of Section 3 of this Financing Agreement.

Depository Accounts shall have the meaning specified in Section 3, Paragraph 4 hereof.

Depository Accounts shall have the meaning set forth in Section 23 hereof.

Depository Accounts means the lockbox accounts or blocked depository accounts maintained by a Loan Party for the collection of the cash of such Loan Party and the proceeds of Accounts Receivable and any other Collateral.

Depository Accounts has the meaning provided in Section 8.20.

Depository Accounts are such bank accounts subject to the Master Agency Agreement in the name of the Servicer set forth in Exhibit B attached hereto and such other or different bank accounts subject to the Master Agency Agreement in the name of the Servicer designated by the Servicer as Depository Accounts pursuant to the Master Agency Agreement.