Open Account Agreement has the meaning specified in the ABL Facility Collateral Agreements.
Open Account Agreement has the meaning specified in the ABL Credit Agreement.
Open Account Agreement means any agreement between or among a Lender, any of its Affiliates or any other Person and the Company or any Subsidiary, as identified to the Collateral Agent as an “Open Account Agreement” for purposes of this Agreement by the Company from time to time, pursuant to which the Company or such Subsidiary has committed to pay such Lender, its Affiliates or such Person (a) amounts on account of any account receivable purchased by such Lender, its Affiliates or such Person from certain vendors of the Company and its Consolidated Subsidiaries, (b) amounts on account of any account payable of the Company or such Subsidiary owing to certain of its vendors that such Lender, its Affiliates or such Person has paid on behalf of the Company or such Subsidiary (including, for the avoidance of doubt, any so called “payment undertaking” or “corporate payment undertaking”-based buyer-centric supply chain finance programs), (c) the amount of any overdrafts created by such Lender, its Affiliates or such Person to pay vendors other than those referred to in clauses (a) and (b) above and (d) certain processing fees thereunder (the obligations to pay the amounts referred to in clauses (a), (b), (c) and (d), collectively, the “OA Payment Obligations”).
Examples of Open Account Agreement in a sentence
No Loan Party will, nor will it permit any of its Subsidiaries to, enter into any Other Open Account Agreement without the prior consent of the Administrative Agent, such consent not to be unreasonably withheld or delayed.
The Agents shall have received a true and complete copy of the Citibank Open Account Agreement.
No part of the proceeds of the Loans, Letters of Credit or payments made to vendors of the Open Account Obligors pursuant to any Open Account Agreement will be used, directly or indirectly, in violation in any material respect of the United States Foreign Corrupt Practices Act of 1977, as amended or the Proceeds of Crime Act.
More Definitions of Open Account Agreement
Open Account Agreement means any agreement between or among a Lender or any of its Affiliates and the Company or any Subsidiary, as identified to the Collateral Agent as an “Open Account Agreement” for purposes of this Agreement by the Company from time to time, pursuant to which the Company or such Subsidiary has committed to pay such Lender or its Affiliates (a) amounts on account of any account receivable purchased by such Lender or its Affiliates from certain vendors of the Company and its Consolidated Subsidiaries, (b) amounts on account of any account payable of the Company or such Subsidiary owing to certain of its vendors that such Lender or its Affiliates has paid on behalf of the Company or such Subsidiary (including, for the avoidance of doubt, any so called “payment undertaking” or “corporate payment undertaking”-based buyer-centric supply chain finance programs), (c) the amount of any overdrafts created by such Lender or its Affiliates to pay vendors other than those referred to in clauses (a) and (b) above, and (d) certain processing fees thereunder (the obligations to pay the amounts referred to in clauses (a), (b), (c) and (d), collectively, the “OA Payment Obligations”).
Open Account Agreement means any agreement between or among a Lender or any of its Affiliates and the Company or any Subsidiary, as identified to the Collateral Agent as an “Open Account Agreement” for purposes of this Agreement by the Company from time to time, pursuant to which the Company or such Subsidiary has committed to pay such Lender or its Affiliates (a) amounts on account of any account receivable purchased by such Lender or its Affiliates from certain vendors of the Company and its Consolidated Subsidiaries, (b) the amount of any overdrafts created by such Lender or its Affiliates to pay vendors other than those referred to in clause (a) above, and (c) certain processing fees thereunder (the obligations to pay the amounts referred to in clauses (a), (b) and (c), collectively, the “OA Payment Obligations”).
Open Account Agreement means an open account paying agency agreement between or among a Lender or any of its Affiliates and the Credit Parties and their Subsidiaries, as identified to the Administrative Agent as an “Open Account Agreement” for purposes of this Agreement by the Borrower from time to time, pursuant to which the Credit Parties and their Subsidiaries (the “Jxxxx Parties”) have committed to pay such Lender or its Affiliates (i) the full face amount of any account receivable purchased by such Lender or its Affiliates from certain vendors of the Jxxxx Parties, (ii) the amount of any overdrafts created by such Lender or its Affiliates to pay vendors other than those referred to in clause (i) above, and (iii) certain processing fees thereunder ((i), (ii) and (iii), collectively, the “OA Payment Obligations”).
Open Account Agreement means any agreement between or among a Lender or any of its Affiliates and the Company or any Subsidiary, as identified to the Collateral Agent as an “Open Account Agreement” for purposes of this Agreement by the [[NYCORP:3477056v9:3104W: 07/18/2014--12:20 AM]] Company from time to time, pursuant to which the Company or such Subsidiary has committed to pay such Lender or its Affiliates (a) amounts on account of any account receivable purchased by such Lender or its Affiliates from certain vendors of the Company and its Consolidated Subsidiaries, (b) the amount of any overdrafts created by such Lender or its Affiliates to pay vendors other than those referred to in clause (a) above, and (c) certain processing fees thereunder (the obligations to pay the amounts referred to in clauses (a), (b) and (c), collectively, the “OA Payment Obligations”).
Open Account Agreement means, individually and collectively as the context may require, (a) the Citibank Open Account Agreement and (b) each Other Open Account Agreement.
Open Account Agreement means any agreement between or among a Lender or any of its Affiliates and any Loan Party, as identified to the Collateral Agent as an “Open Account Agreement” for purposes of this Agreement by the Borrower from time to time, pursuant to which such Loan Party has committed to pay such Lender or its Affiliates (a) amounts on account of any account receivable purchased by such Lender or its Affiliates from certain vendors of the Borrower and its Consolidated Subsidiaries, (b) the amount of any overdrafts created by such Lender or its Affiliates to pay vendors other than those referred to in clause (a) above, and (c) certain processing fees thereunder (the obligations to pay the amounts referred to in clauses (a), (b) and (c), collectively, the “OA Payment Obligations”).
Open Account Agreement means any agreement between or among a Lender or any of its Affiliates and the Borrower or any Subsidiary, as identified to the Collateral Agent as an “Open Account Agreement” for purposes of this Agreement by the Borrower from time to time, pursuant to which the Borrower or such Subsidiary has committed to pay such Lender or its Affiliates (a) amounts on account of any account receivable purchased by such Lender or its Affiliates from certain vendors of the Borrower and its Consolidated Subsidiaries, (b) the amount of any overdrafts created by such Lender or its Affiliates to pay vendors other than those referred to in clause (a) above, and (c) certain processing fees thereunder (the obligations to pay the amounts referred to in clauses (a), (b) and (c), collectively, the “OA Payment Obligations”).