Excluded Accounts definition

Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

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Excluded Accounts means (a) payroll accounts, (b) health savings accounts, worker’s compensation accounts and other employee benefits accounts, (c) payroll withholding tax accounts and other tax (including sales tax) remittance accounts and (d) any other account that is used solely as an escrow account or as a fiduciary or trust account and not otherwise prohibited under this Agreement or any other Loan Document.

Excluded Accounts means (a) Deposit Accounts exclusively used for payroll, payroll Taxes and other employee wage and benefit payments to or for the benefit of the employees of the Obligors, (b) Deposit Accounts with aggregate balances of $250,000 or less at any time and (c) Deposit Accounts that are Segregated Health Care Accounts.

Examples of Excluded Accounts in a sentence

With respect to each Cash Management Account listed on Schedule 8.01 on the Third Amendment Effective Date that is an account of the AWR Acquired Companies (other than the AWR Excluded Subsidiaries), the Loan Parties shall, with respect to each such Cash Management Account (other than Excluded Accounts), deliver to the Collateral Agent a Control Agreement with respect to such Cash Management Account as required pursuant to Section 4(a) of the Third Amendment.
The Loan Parties shall not maintain, and shall not permit any of their respective Subsidiaries to maintain, cash, Cash Equivalents or other amounts in any deposit account or securities account, unless the Collateral Agent shall have received a Control Agreement in respect of each such Cash Management Account (other than Excluded Accounts).

More Definitions of Excluded Accounts

Excluded Accounts has the meaning assigned to such term in the Security Agreement.

Excluded Accounts has the meaning set forth in Section 5.14(b).

Excluded Accounts is defined in Section 5.5.

Excluded Accounts means deposit accounts solely for the purposes of payroll, trust, and tax withholding funded in the ordinary course of business, so long as no other amounts are deposited or maintained in such accounts, and any Term Loan Priority Account (as defined in the Intercreditor Agreement).

Excluded Accounts has the meaning assigned to such term in Section 6.16.

Excluded Accounts is defined in Section 6.6(b).

Excluded Accounts means, collectively, (a) payroll accounts, (b) zero balance accounts, (c) any withholding tax, benefits, escrow, trust, customs or any other fiduciary account and (d) any account having a balance that does not exceed $2,500,000 for more than three consecutive Business Days at any time.