Primary Concentration Account definition

Primary Concentration Account means a Collection Account that is used by a Domestic Loan Party or a Canadian Loan Party as a primary concentration account for proceeds of Accounts of such Loan Party. Primary Concentration Accounts as of the Closing Date are listed on Schedule 1.01(f).
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Primary Concentration Account shall have the meaning provided in Section 20(c).
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Primary Concentration Account has the meaning set forth in Section 5.14(f).
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Examples of Primary Concentration Account in a sentence

  • Her mother was in a residential health facility in West Germany and her brother was in the East, while her father was at home in West Berlin.

  • Receipts in the Retail Concentration Account sweep into the Primary Collection Account and, ultimately, into the Primary Concentration Account.

  • Specifically, donations made via check or cash15 are deposited by the BSA directly into a15 Donations in the form of equity securities are transferred into one of two Brokerage Accounts (as defined below) and promptly liquidated, at which time the proceeds are transferred to the Primary Concentration Account, if the funds are not subject to use restrictions, or the Donations Account, if the funds are subject to a donor’s use restrictions.donations account with JPM (the “ Donations Account”).

  • No Pledgor shall hereafter establish or maintain a Primary Concentration Account unless doing so is in compliance with Section 5.12 of the Credit Agreement.

  • Receipts in these accounts also get swept into a BMO concentration account (#438) and, periodically, into the Primary Concentration Account.

  • Generally, funds are then disbursed directly from the Primary Concentration Account or transferred from the Primary Concentration Account to the other Debtor Bank Accounts on an as-needed basis to support the Debtors’ operations.20.

  • Leave that is taken for personal or family illness, emergency, or a death in the family is considered nondiscretionary leave.

  • Accrued WarrantiesThe Company establishes a reserve for future warranty expense at point when revenue is recognized by the Company and is based on percentage of revenues.

  • Canadian dollar Bank Accounts constitute a sufficient source for the funding of wages and benefits of the Canadian employees and, as such, there is minimal funding need from the Primary Concentration Account.

  • The Primary Concentration Account typically receives and transfers funds from and to all of the other Debtor entities that have bank accounts, sometimes through intermediary Debtor entities.


More Definitions of Primary Concentration Account

Primary Concentration Account means the principal concentration and disbursement accounts utilized by the Borrower for its and its Wholly-Owned Subsidiaries’ cash management systems, with the initial Primary Concentration Account being account number 2000026932396 maintained at Wachovia Bank, N.A., at 7 Saint Paul Street, Baltimore, Maryland.
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Primary Concentration Account means the principal concentration and disbursement account utilized by Borrower for its and its Wholly-Owned Subsidiaries’ cash management systems, with account number, and other operating accounts of Borrower or its Wholly Owned Subsidiaries maintained at Lender.
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Primary Concentration Account shall have the meaning provided in Section 7.13(f).
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Primary Concentration Account means the principal concentration and disbursement accounts utilized by the Borrower for its and its Wholly-Owned Subsidiaries' cash management systems, with the initial Primary Concentration Accounts being maintained (i) as account number 078-2575 at Mellon Bank, N.A., at One Mellon Bank Center, Pittsburgh, Pennsylvania, and (ii) as account number 153910132759 at U.S. Bank National Association, at 150 4th Avenue North, Nashville, Tennessee.
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Primary Concentration Account means the principal concentration and disbursement accounts utilized by Magellan for its and its Wholly-Owned Subsidiaries’ cash management systems, with the initial Primary Concentration Account being account number 2000026932396 maintained at Xxxxx Fargo Bank, National Association.
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Related to Primary 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).

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

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

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

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

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

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

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

  • 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).

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Note Account As defined in the Indenture.

  • Holding Account means an account:

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.