Group Agent Account definition

Group Agent Account means, with respect to any Group, the account(s) designated in writing by the applicable Group Agent to the Borrower, the Servicer and the Administrative Agent for purposes of receiving payments to or for the account of the members of such Group hereunder.
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Group Agent Account means, with respect to any Group, the account(s) designated in writing by the applicable Group Agent to the Borrower, the Servicer and the Administrative Agent for purposes of receiving payments to or for the account of the members of such Group hereunder. Certain identified information has been omitted from this document because it is not material and would be competitively harmful if publicly disclosed, and has been marked with “[***]” to indicate where omissions have been made.
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Examples of Group Agent Account in a sentence

  • As full payment for the transfer of the Assets under Section 1.1 by the Seller to Buyer, Buyer agrees to pay Seller a cash amount at Closing (not in excess of $1,500,000) equal to the outstanding balance at such time of the Group Agent Account Loans (the “Purchase Consideration”).

  • Upon the occurrence and during the continuance of an Event of Default or if Foothill Group Agent deems the Foothill Group insecure, Foothill Group Agent may notify any securities intermediary to liquidate or transfer the applicable Securities Account or any Investment Property maintained or held thereby and remit the proceeds thereof to the Foothill Group Agent Account.

  • Upon the terms and subject to the conditions set forth in the Lockbox Agreements, all amounts received in each Lockbox Account shall be wired each Business Day into an account (the "Foothill Group Agent Account") maintained by Foothill Group Agent at a depositary selected by Foothill Group Agent.

  • Coincident with the Closing, Seller shall apply (or, at Buyer’s option, Buyer shall apply for Seller’s benefit) the Purchase Consideration to zero out the Group Agent Account Loan balances for each of Seller’s clients, such that Buyer will obtain, as part of the Assets purchased, the full balance in the Group Agent Account, free and clear of any claims, liens or encumbrances of any kind.

  • If any Collection item is received into the Foothill Group Agent Account on a non-Business Day or after 11:00 a.m. California time on a Business Day, it shall be deemed to have been received by Foothill as of the opening of business on the immediately following Business Day.

Related to Group Agent Account

  • Agent Account means such account of the Administrative Agent in New York, New York as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Collection Agent Fee has the meaning specified in Section 6.03.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Funds Account means an account held by you or any third parties maintained with any Participant.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Administrative Agent Fee has the meaning specified in the Administrative Agent Fee Letter.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • Administrative Agent’s Account means an account at a bank designated by the Administrative Agent from time to time as the account into which the Borrower shall make all payments to the Administrative Agent for the benefit of the Agents and the Lenders under this Agreement and the other Loan Documents.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Collection Agent means at any time the Person then authorized pursuant to Section 6.01 to service, administer and collect Transferred Receivables.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Collateral Agent Fee means the fee payable to the Collateral Agent in arrears on each Quarterly Payment Date in an amount specified in the Collateral Agent Fee Letter.

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

  • Investment Account As defined in Section 3.12(a).

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Administrative Agent Fee Letter means that certain fee letter, dated as of the date hereof, by and among the Administrative Agent and the Borrower.