Priority Account definition

Priority Account means an Account designated as a ‘Priority Account’ by Wintax Car.
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Priority Account means an Account designated as a ‘Priority Account’ by 440 Cars.
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Priority Account means an Account designated as a ‘Priority Account’ by AAA Taxis.
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Examples of Priority Account in a sentence

  • With the approval of the Board of Directors of Millrose, an Overflow Fund may be recategorized so that it is part of the ▇▇▇▇▇▇▇ ▇▇▇▇▇ Priority Account and is eligible for the Rotation Allocation.

  • The Rotation Allocation will begin with ▇▇▇▇▇▇▇▇, then the ▇▇▇▇▇▇▇ ▇▇▇▇▇ Priority Account and alternate thereafter, subject to Section 4.8.

  • Notwithstanding anything to the contrary contained in this Agreement or in the ABL Credit Documents or in the Term Loan Credit Documents, only Proceeds of Term Loan Priority Collateral shall be deposited in the Term Loan Priority Account.

  • Promptly upon receipt of the Notice of Withdrawal and the satisfaction of the conditions set forth in Section 3.5 and the other terms and conditions set forth herein, the Agent shall disburse funds from the DIP Term Priority Account in an aggregate principal amount equal to the amount specified in such Notice of Withdrawal to the Borrower.

  • On and after the date of receipt by the Agent of a Withdrawal Termination Notice, the Borrower and the other Loan Parties shall have no right to request Withdrawals from the DIP Term Priority Account and the Agent shall not honor such requests.

  • The proceeds of all Term Loans (other than proceeds to be disbursed to the DIP Revolving Agent in connection with the First Lien Repayment) shall be deposited in the DIP Term Priority Account and disbursed in accordance with Sections 2.3(a)(iii), (iv) and (v)).

  • At all times following the establishment of the Term Loan Priority Account, the Term Loan Priority Account shall all times be subject to a Control Agreement.

  • The Grantors shall not deposit or cause to be deposited any funds into the Term Loan Priority Account other than proceeds of Term Priority Collateral.

  • Notwithstanding anything herein to the contrary, the Agent shall have no obligation to fund any amount in excess of the amounts then held in the DIP Term Priority Account.

  • The Borrower shall, and shall cause each of its Subsidiaries to, take all actions necessary to establish Agent’s control of the Collection Account, the Designated Account and, subject to the terms of the Intercreditor Agreement, each other RCF Priority Account.

Related to Priority Account

  • Senior Security Account means an account maintained and specifically allocated to a Series under the terms of this Agreement as a segregated account, by recordation or otherwise, within the custody account in which certain Securities and/or other assets of the Fund specifically allocated to such Series shall be deposited and withdrawn from time to time in accordance with Certificates received by the Custodian in connection with such transactions as the Fund may from time to time determine.

  • Security Account “Software”, “Supporting Obligations” and “Uncertificated Securities”.

  • Maturity Account means an account or accounts required to be established by the Corporation (and which shall be maintained by and subject to the control of the Trustee) for each series of Debentures issued pursuant to and in accordance with this Indenture;

  • Facility Account means Dairy Group’s Account No. 2000013850892 at Wachovia Bank, National Association (formerly known as First Union National Bank), ABA No. ▇▇▇▇▇▇▇▇▇.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.