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 accounts of Borrower containing any ------------------- deposits or other sums credited to Borrower, whether in regular or special depository accounts or otherwise.
Examples of Depository Accounts in a sentence
Borrower shall establish and maintain a depository account(s) (the “Depository Accounts”), and ▇▇▇▇▇▇, at ▇▇▇▇▇▇’s option, may make all Advances hereunder into ▇▇▇▇▇▇▇▇’s Depository Accounts, and Borrower expressly agrees that ▇▇▇▇▇▇ may debit against any such Depository Accounts any and all sums, amounts, charges, and payments due under or in connection with the Loans.
More Definitions of Depository Accounts
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.
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 has the meaning provided in Section 8.20.
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 shall have the meaning set forth in Section 4.8(h) hereof. "Designated Lender" shall have the meaning set forth in Section 16.2(d) hereof. "Disqualified Equity Interests" shall have the meaning set forth in the definition of "Indebtedness".
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.