Local Accounts definition

Local Accounts means the bank account(s) which may be opened and maintained by your affiliates with the Partner Bank pursuant to the Partner Bank Arrangement Request;

Local Accounts has the meaning specified in Section 6.17.

Local Accounts shall have the meaning given to such term in the Depositary Agreement.

Examples of Local Accounts in a sentence

• As of the Closing Date, and with respect to the applicable Incremental Project, as of each Inclusion Date, no Obligor has any deposit accounts, securities accounts or commodities accounts other than the deposit accounts, securities accounts and commodities accounts, including Depositary Accounts and Local Accounts, listed in Schedule 3.22.

• The chief executive office and principal place of business of each Obligor is located at the address set forth in Schedule 3.21, and the originals of all documents evidencing or relating to the Depositary Accounts, Local Accounts, Contractual Obligations and other items of Collateral, and the only original books of account and records of any Obligor relating thereto, are kept at the office or offices specified in Schedule 3.21.

More Definitions of Local Accounts

Local Accounts a local checking, deposit or securities account of the Borrower or any Subsidiary Guarantor with a balance that does not exceed at any time $3,000,000 in the aggregate.

Local Accounts has the meaning specified in the Security Deposit Agreement.

Local Accounts has the meaning specified in Section 8.1(k).

Local Accounts at any time, any deposit account, securities account or commodities account (other than a Non-Material Account) maintained by an Obligor, held with an Eligible Bank and subject to a Control Agreement, which agreement shall in each case be in form and substance reasonably satisfactory to the Administrative Agent and duly executed by the applicable Grantor and account bank.

Local Accounts means (i) those deposit accounts maintained at banks in close proximity to a campground and into which Ancillary Income derived from such campground is deposited, as identified and more particularly described in Exhibit I attached hereto, together with any additions thereto, replacements or substitutions thereof, which are disclosed to Landlord in writing, (ii) the Frisco Accounts, (iii) the Gautier Accounts, and (iv) the RPI Accounts. Such term shall not include the Canadian Accounts.

Local Accounts means any deposit accounts established and maintained by the Borrower that are (or, within thirty (30) days of the later of (x) the Closing Date, or (y) the date on which such account is opened by or on behalf of the Borrower, will be) subject to a springing deposit account control agreement with the Collateral Agent and the applicable account bank, which accounts may be used for the deposit of Equity Contributions made to the Borrower and any amounts transferred to such account pursuant to the Depositary Agreement, in each case, for application towards the payment of Project Costs, Borrower Administrative Costs or for any other purpose not prohibited hereunder or under any other Financing Document.

Local Accounts one or more local checking, deposit or securities accounts with balances that do not exceed at any time $3,000,000 in the aggregate.