JPMorgan Concentration Account definition

JPMorgan Concentration Account shall have the meaning set forth in Section 2.21(c).
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JPMorgan Concentration Account shall have the meaning set forth in Section 2.24(c). “Latest Maturity Date” shall mean at any date of determination, the latest Maturity Date applicable to any Class of Commitments or Loans that is outstanding hereunder on such date of determination, as extended in accordance with this Agreement from time to time. “LC Disbursement” means a payment made by an Issuing Lender pursuant to a Letter of Credit. “LC Sublimit” means (a) with respect to JPMorgan, in its capacity as an Issuing Lender, $30,000,000 in the aggregate , provided that no more than $10,000,000 of JPMorgan’s LC Sublimit may be attributable to Letters of Credit issued by JPMorgan Hong Kong, and (b) with respect to any other Issuing Lender, an amount agreed to by such Issuing Lender and the Parent Borrower. “Lender Parent” means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a Subsidiary. “Lender-Related Person” means, collectively, the Agent, any Arranger, any Syndication Agent, any Documentation Agent, any Issuing Lender and any Lender, and any Related Party of any of the foregoing Persons. “Lenders” shall mean the Persons identified on Schedule 1.1 and any other Person that shall have become a Lender hereunder pursuant to Section 2.09 or an Assignment and Assumption
Sample 1
JPMorgan Concentration Account shall have the meaning set forth in Section 2.24(c). “Latest Maturity Date” shall mean at any date of determination, the latest Maturity Date applicable to any Class of Commitments or Loans that is outstanding hereunder on such date of determination, as extended in accordance with this Agreement from time to time. “LC Disbursement” means a payment made by an Issuing Lender pursuant to a Letter of Credit. “LC Sublimit” means (a) with respect to JPMorgan, in its capacity as an Issuing Lender, $30,000,000 in the aggregate and (b) with respect to any other Issuing Lender, an amount agreed to by such Issuing Lender and the Parent Borrower. “Lenders” shall mean the Persons identified on Schedule 1.1 and any other Person that shall have become a Lender hereunder pursuant to Section 2.09 or an Assignment and Assumption or otherwise, other than any such Person that ceases to be a Lender hereunder pursuant to an Assignment and Assumption or otherwise. Unless the context otherwise requires, the term “Lenders” includes the Swingline Lender and the Issuing Lender. “Letter of Credit” shall mean a letter of credit that is (a) issued pursuant to this Agreement for the account of a Borrower or a direct or indirect Subsidiary of the Parent Borrower, (b) a Standby Letter of Credit or Commercial Letter of Credit, (c) issued in connection with the purchase of Inventory by a Borrower or for any other purpose that is reasonably acceptable to the Agent, and (d) in form and substance reasonably satisfactory to the applicable Issuing Lender. “Letter of Credit Fees” shall mean the fees payable in respect of Letters of Credit pursuant to Section 2.10. “Letter of Credit Outstandings” means the sum of Commercial Letter of Credit Outstandings and Standby Letter of Credit Outstandings. The Letter of Credit Outstandings of any Lender at any time shall be its Commitment Percentage of the aggregate Letter of Credit Outstandings. 26
Sample 1

Examples of JPMorgan Concentration Account in a sentence

  • Without limiting the foregoing, the Agent may delay application of the items deposited in the JPMorgan Concentration Account to the Obligations until the Agent has received a reconciliation of Non-Borrower Credit Card Proceeds which may have been forwarded to the JPMorgan Concentration Account.

  • If any item deposited to the JPMorgan Concentration Account and credited to the Loan Account is dishonored or returned unpaid for any reason, whether or not such return is rightful or timely, the Agent shall have the right to reverse such credit and charge the amount of such item to the Loan Account and the Borrowers shall indemnify the Agent, the Issuing Lenders and the Lenders against all claims and losses resulting from such dishonor or return.

Related to JPMorgan Concentration Account

  • Concentration Account has the meaning provided in Section 6.13(c).

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

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

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

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

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

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

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

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Collection Accounts As defined in Section 3.10(a).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Holding Account means an account:

  • Agent Account means an account in the name of the Agent designated by the Agent to the Borrower from time to time into which the Borrower shall make all payments to the Agent, for the account of the Agent or the Lenders, as the case may be, under this Agreement.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • 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.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Finance Charge Account is defined in Section 4.9(a).