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).
View Source
Primary Concentration Account shall have the meaning provided in Section 20(c).
View Source
Primary Concentration Account has the meaning set forth in Section 5.14(f).
View Source

Examples of Primary Concentration Account in a sentence

  • The Pledgors shall not grant or purport to grant Control of any Primary Concentration Account to any person other than the Collateral Agent.

  • 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.

  • All such amounts will be made available in Dollars and in immediately available funds by deposit into the Primary Concentration Account, or as otherwise directed by Borrower.

  • Borrower will maintain its Primary Concentration Account with Lender.

  • Borrower will maintain its Primary Concentration Account with the Administrative Agent.

  • Commencing with the date that is six months after the Effective Date (or such longer period as Lender may agree in its discretion), Borrower will maintain its Primary Concentration Account with Lender.


More Definitions of Primary Concentration Account

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.
View Source
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.
View Source
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 ▇▇▇▇▇ Fargo Bank, National Association.
View Source
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.
View Source
Primary Concentration Account shall have the meaning provided in Section 7.13(f).
View Source