Intermediate Account definition

Intermediate Account means each account in the name of the Buyer listed Schedule V to this Agreement (as such schedule is updated by the Buyer on or prior to the Purchase Agreement Effective Date).
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Intermediate Account means Quintiles’ account number 4120261151 at ▇▇▇▇▇ Fargo Bank, National Association.
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Intermediate Account shall have the meaning assigned to such term in the Intermediate Purchase Agreement.
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Examples of Intermediate Account in a sentence

  • Live accounts are Starter Account, Classic Account, Intermediate Account, Advanced Account, Ultimate Account, and VIP Account (collectively hereinafter the “Live Accounts”).

  • If any such funds are nevertheless deposited into any Intermediate Account or Borrower Controlled Account, the Buyer will permit the Seller to transfer such funds as contemplated in Section 6.1(f) of the Intermediate Purchase Agreement (prior notice to the Administrative Agent, detailing the relevant transfers made).

  • The Seller shall not instruct or permit any payments other than payments in respect of Pool Receivables and Related Assets to be made to any Intermediate Account or Buyer Controlled Account (except, with respect to any Buyer Controlled Account, amounts payable to Buyer (including for purposes of on-payment to the Administrative Agent, the Lenders or as otherwise permitted under the Loan Documents).

  • Borrower shall, or shall direct Servicer to, direct or otherwise cause the Account Debtor of each Receivable, to pay all Collections directly to the Intermediate Account for ultimate deposit into the Collection Account in accordance with the time periods and mechanics set forth in the Multi-Party Agreement.

  • Each Originator will instruct all Account Debtors in respect of Subject Receivables to deliver payments on the Pool Receivables to an Intermediate Account or a Borrower Controlled Account.

  • If any such funds are nevertheless deposited into any Intermediate Account or Borrower Controlled Account, the Originators will cause the Servicer to, within three (3) Business Days of an Originator Responsible Officer having knowledge thereof, identify and transfer such funds out of such account to (or pursuant to the instructions of) the Person entitled to such funds.

  • Except for the Intermediate Account, there are no “Linked Accounts” (as defined in the Lock-Box Agreement with ▇▇▇▇▇ Fargo Bank, National Association) with respect to any Lock-Box Account maintained at ▇▇▇▇▇ Fargo Bank, National Association.

  • The Originators shall not instruct or permit any payments other than payments in respect of Pool Receivables and Related Assets to be made to any Intermediate Account or Borrower Controlled Account (except, with respect to any Borrower Controlled Account, amounts payable to such Borrower (including for purposes of on-payment to the Administrative Agent, the Lenders or as otherwise permitted under the Loan Documents)).


More Definitions of Intermediate Account

Intermediate Account shall have the meaning set forth in the Multi-Party Agreement.
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Related to Intermediate Account

  • Affiliate Account means, as to any Access Person, an Account:

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

  • Separate Accounts means the accounts which are to be prepared for each

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

  • Business Account means a dedicated deposit account opened at the financial institution selected by the single allocation platform in the name of the single allocation platform or at the discretion of the single allocation platform opened by the registered participant, but with the single allocation platform as the beneficiary of the dedicated cash deposit, which may be used for payments by the registered participant;