Facility Account definition

Facility Account means Dairy Group’s Account No. 2000013850892 at Wachovia Bank, National Association (formerly known as First Union National Bank), ABA No. ▇▇▇▇▇▇▇▇▇.

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Facility Account means, as the context requires, all or any one of the Collection Accounts or the Seller Operating Accounts.

Facility Account means the account numbered 701324717 maintained by Seller in the name of “PDC Funding Company IV, LLC” at JPMorgan, together with any successor account or sub-account.

Examples of Facility Account in a sentence

The Collateral Agent will have a first priority perfected security interest in each Facility Account and all Collateral on deposit therein upon execution and delivery of a Control Agreement.
Each Facility Account is free and clear of any Adverse Claim other than Permitted Liens.
During the continuance of an Amortization Event, the Administrative Agent (acting at the direction of the Requisite Lenders) may apply any and all payments received, all funds from time to time on deposit in a Collection Account or the Facility Account, and all proceeds received by the Administrative Agent or the Lenders in respect of any Borrower Obligations, in accordance with Section 2.2(a).
Each U.S. Originator has granted to the Borrower for the benefit of the Collateral Agent and the Secured Parties “control” (within the meaning of the UCC) over each of its U.S. Collection Accounts and Facility Account.

More Definitions of Facility Account

Facility Account means Seller’s Account No. 10-45863 at JPMorgan Chase Bank, N.A.

Facility Account means the account numbered ▇▇▇▇▇▇▇ maintained by Seller in the name of “PDC Funding Company, LLC” at JPMorgan, together with any successor account or sub-account.

Facility Account the Members Loan Account, Account Number Facility Term: 5 years from the Commencement Date. Fees: means those fees payable by the Member to the Credit Union to cover the costs incurred by the Credit Union in connection with the Facility and this Agreement. Interest: means interest at the Annual Interest Rate payable to the Credit Union in respect of this Agreement as varied from time to time.

Facility Account means Seller's Account No. 0060-9027 at Bank One.

Facility Account means the Seller's Account No. 55-66681 at First Chicago.

Facility Account means the account specified as such on Schedule C.

Facility Account has the meaning set forth in the Collection Account Disclosure Letter.