Government Receivables Account means an account established by a Loan Party and used solely for receipt of Government Receivables.
Government Receivables Account shall have the meaning set forth in Section 5.11(e).
Government Receivables Account means any deposit account (within the meaning of the New York Uniform Commercial Code) or other account into which any payment under Government Receivables is directly paid by the Governmental Authority, but, for the avoidance of doubt, shall not include any other deposit account or other account into which such funds are subsequently transferred.
Examples of Government Receivables Account in a sentence
Schedule 4.16 lists all banks and other financial institutions at which any Loan Party maintains deposit accounts, lockbox accounts, disbursement accounts, investment accounts or other similar accounts as of the Closing Date, and such Schedule correctly identifies the name, address and telephone number of each financial institution, the name in which the account is held, the type of the account, and the complete account number therefor, and whether such account is a Government Receivables Account.
More Definitions of Government Receivables Account
Government Receivables Account has the meaning specified in Section 2.19.
Government Receivables Account means an account established by a Loan Party and subject to an account control agreement in form and substance reasonably acceptable to the Administrative Agent.
Government Receivables Account means any deposit account into which a Governmental Authority directly deposits government health care program receivables or into which a Borrower deposits or directs the deposit of checks received from a Governmental Authority representing government health care receivables.
Government Receivables Account means a deposit account maintained in the name of the Issuer or any Guarantor into which solely the cash proceeds of Medicare or Medicaid account receivables (or account receivables from similar federal insurance programs) are deposited to the extent a Lien on such deposit account (or the funds on deposit therein or credited thereto) is not permitted under applicable law; provided that the Issuer or such Guarantor, as applicable, will deposit or cause to be deposited, promptly, and in any event no later than the first Business Day after the date of receipt thereof, all funds on deposit therein or credited thereto into a deposit account or securities account in which the Lien of the Collateral Agent is perfected under a valid and effective Account Control Agreement (as defined in the Collateral Agreement).
Government Receivables Account means the bank deposit account for Borrowers maintained at the Facility Bank into which all Medicaid and Medicare Reimbursement Contracts payments are to be deposited.
Government Receivables Account means an account established by a Credit Party and used for receipt of Restricted Receivables, including, without limitation, Government Receivables. “Governmental Authority” means any applicable national, supranational, federal, state, county, provincial, local, municipal or other government or political subdivision thereof (including any applicable Regulatory Agency), whether domestic or foreign, and any agency, authority, commission, ministry, instrumentality, regulatory body, court, tribunal, arbitrator, central bank or other Person exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to any such government (including any supra-national bodies such as the European Union or the European Central Bank).
Government Receivables Account a deposit account maintained by a Borrower with the Deposit Account Bank or CIT Bank, N.A. into which all Collections of Accounts on which Government Account Debtors are obligated are paid directly or deposited into.