Primary Operating Account definition

Primary Operating Account has the meaning given such capitalized term in Section 2(w).

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Primary Operating Account means any deposit account or controlled disbursement account on which the Company draws to pay all or substantially all of its operating expenses.

Primary Operating Account shall be the bank account set forth in Section 6 below, unless and until such account is changed in accordance with Section 5.10 of the Loan and Security Agreement.

Examples of Primary Operating Account in a sentence

• Notwithstanding the above, Agent shall provide Borrower five (5) Business Days’ notice of any fees to be charged and offer Borrower an opportunity to respond and approve of such fees prior to debiting the Primary Operating Account for reimbursement.

• Principal and interest of each Loan shall be payable at the times and in the manner set forth in the Note and regularly scheduled payments thereof shall be effected by automatic debit of the appropriate funds from Borrower’s Primary Operating Account as specified in the Supplement hereto.

• Borrower hereby confirms that the bank at which the Primary Operating Account is maintained uses that same ABA Number for incoming wires transfers to the Primary Operating Account and outgoing ACH transfers from the Primary Operating Account.

• For purposes of Sections 2.2 and 5.10 of the Loan and Security Agreement, the Primary Operating Account shall be the bank account set forth in Section 6 above, unless and until such account is changed in accordance with Section 5.10 of the Loan and Security Agreement.

More Definitions of Primary Operating Account

Primary Operating Account a Deposit Account of Borrower designated by ▇▇▇▇▇▇▇▇ in writing to the Administrative Agent from time to time as ▇▇▇▇▇▇▇▇’s Primary Operating Account.

Primary Operating Account has the meaning set forth in Section 5.10.

Primary Operating Account means the account of the Borrower held at MUFG Union Bank, N.A., formerly known as Union Bank, N.A., DDA Number 4500082750, CDL Number 00131886, Fed ABA Number 122000496, DDA Account Name: Regional Center of Orange County.

Primary Operating Account is set forth in Section 8 of Part 2 of the Supplement.

Primary Operating Account means the primary operating account specified by Borrower in Section 7 of the Supplement.

Primary Operating Account means the account of the Borrower held at U.S. Bank National Association, DDA Number 158300223118, CIF Number 202340127, Fed ABA Number 122235821, DDA Account Name: Regional Center of Orange County, Inc.

Primary Operating Account is Borrower’s account set forth in Part 2, Section 6 hereof.