Licensed Merchandise Account definition

Licensed Merchandise Account means a segregated deposit account of Lead Borrower at Bank of America, N.A., into which the Merchandising Agreement Monthly Revenue shall be deposited and held until each Merchandising Agreement Settlement Date, which account shall be subject to a first priority lien in favor of FLC and a second priority lien in favor of the Secured Parties.
Licensed Merchandise Account has the meaning specified in the First Lien Credit Agreement.

Examples of Licensed Merchandise Account in a sentence

  • So long as no Cash Dominion Trigger Period is in effect, the Borrowers shall cause an amount equal to the estimated Revenue Share amount owing to FLC under the Merchandising Agreement for the preceding week to be deposited into the Licensed Merchandise Account at least weekly, or if required more frequently under the Licensed Merchandise Side-Letter, as frequently as required thereunder.

  • During any Cash Dominion Trigger Period, the Borrowers shall cause an amount equal to the estimated Revenue Share amount owing to FLC under the Merchandising Agreement for the preceding day to be deposited into the Licensed Merchandise Account daily.

  • During any Cash Dominion Trigger Period, theThe Borrowers shall cause an amount equal to the estimated Revenue Share amount owing to FLC under the 11238955v2 110 11238955v21 Merchandising Agreement for the preceding day to be deposited into the Licensed Merchandise Account daily.

  • The Borrowers shall cause an amount equal to the estimated Revenue Share amount owing to FLC under the Merchandising Agreement for the preceding day to be deposited into the Licensed Merchandise Account daily.

Related to Licensed Merchandise Account

  • Cemetery merchandise means merchandise described in section 4(1)(k)(i).

  • Merchandise means any personal property offered or sold for use in connection with the funeral, final disposition, memorialization, or interment of human remains, but which is exclusive of interment rights.

  • Unsaleable liquor merchandise means a container that:

  • Distressed merchandise means an alcoholic product in the possession of the

  • Product brand name means the name of the product exactly as it appears on the principal display panel of the product.

  • Licensed Site means a place in any authorised street at which street trading may be engaged in by a Licence Holder, and includes any temporary alternative place approved by the Council or a duly authorised Officer of the Council.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Timber and wood-derived products means any product that contains wood or wood fibre, with the exception of "recycled" materials (see below). Such products range from solid wood to those where the manufacturing processes obscure the wood element (e.g. paper). Timber and wood-derived products supplied or used in performance of the Contract that have been recycled or reclaimed are referred to as "recycled" timber, which is defined below. Timber and wood-derived products supplied or used in performance of the Contract that are not recycled are referred to as "virgin" timber when the distinction needs to be made for clarity. Short-rotation coppice is exempt from the requirements for timber and wood-derived products and falls under agricultural regulation and supervision rather than forestry.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Transient merchant means any person who engages in a temporary or itinerant merchandising business and in the course of such business hires, leases or occupies any building or structure whatsoever, or who operates out of a vehicle which is parked anywhere within the City limits. Temporary association with a local merchant, dealer, trader or auctioneer, or conduct of such transient business in connection with, as a part of, or in the name of any local merchant, dealer, trader or auctioneer does not exempt any person from being considered a transient merchant.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Data Processing Equipment means any equipment, computer hardware, or computer software (and the lease or licensing agreements related thereto) other than Personal Computers, owned or leased by the Failed Bank at Bank Closing, which is, was, or could have been used by the Failed Bank in connection with data processing activities.

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • END USER CUSTOMER LOCATION means the physical location of the premises where an End User makes use of the telecommunications services.

  • Goods means all of the equipment, machinery, and/or other materials that the supplier is required to supply to the purchaser under the contract.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • shipped includes removal from the work sites by ship or any other means;

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Finished Goods means completed goods which require no additional processing or manufacturing to be sold to third party customers by the Loan Parties in the ordinary course of business.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Finished Products means any one or more of the following petroleum oils, or a mixture or combination of these oils, to be used without further processing except blending by mechanical means:

  • Umbrella Cash Account means (a) a cash account designated in a particular currency opened

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

  • Licensed Property means the portion of the Software and the Documentation to which Customer has purchased a License as identified on an applicable Order. Licensed Property shall include any updates or upgrades to the Licensed Property that AvePoint may at its discretion deliver to Customer.