Exception Account definition

Exception Account means each account identified as such in the Lock-Box Schedule Letter Agreement; provided, however, that no “Exception Account” may be added to the Lock-Box Schedule Letter Agreement without the prior written consent of the Administrator in its sole discretion; provided, further, that such account shall cease to be an Exception Account upon the satisfaction of the following conditions: (x) such account is maintained in the name of the Seller and (y) the Seller, the Servicer, the Administrator and the related Lock-Box Bank have entered into a Lock-Box Agreement with respect to such account, in form and substance reasonably satisfactory to the Administrator.

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Exception Account means the deposit account with an account number ending 8104 maintained in the name of Ambit Texas LLC at BOKF, NA, doing business as Bank of Texas.

Exception Account means the deposit account maintained at PNC in the name of Arch Coal Sales Company, Inc. with the following account number: 1082061214.

Examples of Exception Account in a sentence

• Except as otherwise agreed to in writing by the Administrator and the Majority Purchasers, each Lock-Box Account shall at all times be subject to a Lock-Box Agreement; provided, however, that so long as the Exception Account Conditions are then satisfied with respect to an Exception Account, such Exception Account need not be subject to a Lock-Box Agreement.

• The Seller shall, and shall cause each Originator to, remit all Collections received in any Exception Account directly to a Collection Account no later than one (2) Business Days following receipt thereof.

• The Seller hereby directs the Servicer to instruct all Obligors to make payments of all Pool Receivables to (A) one or more Collection Accounts or Lock-Boxes or Payment Processors or (B) so long as each of the Exception Account Conditions are satisfied, an Exception Account.

• The Seller (or the Servicer on its behalf) shall, and shall cause each Originator to remit all Collections received in any ▇▇▇▇▇ Exception Account directly to a Collection Account no later than one (1) Business Day following receipt thereof.

• Without the prior written consent of the Administrative Agent, the Originators shall not terminate or change any standing instruction given to CIT, W▇▇▇▇ or HSBC with respect to the daily remittance of Collections from any CIT Account, W▇▇▇▇ Exception Account or HSBC Exception Account to a Collection Account.

More Definitions of Exception Account

Exception Account means each concentration account, depositary account, lock-box account or similar account in which any Collections are collected or deposited and which is listed on Exhibit IV-B.

Exception Account means has the meaning set forth on Schedule V.

Exception Account. : means the deposit account maintained at PNC in the name of Arch Coal Sales Company, Inc. with the following account number: 1082061214.

Exception Account set forth in Exhibit I of the Agreement is hereby amended in its entirety by amending and restating it as follows:

Exception Account. : means the deposit account maintained at PNC in the name of Arch

Exception Account means each account listed in Part II on Schedule II to this Agreement as an Exception Account (in each case, in the name of an Exception Account Originator) and maintained at a bank or other financial institution acting as an Exception Account Bank.

Exception Account means the deposit account maintained at PNC in the name of Core Sales, LLC (f/k/a Core Sales, Inc.) with the following account number: 1082061214.