Store Deposit Account definition

Store Deposit Account has the meaning specified in Section 8.12(a)(i).
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Store Deposit Account means a Deposit Account established for one store owned by Borrower or one of its Subsidiaries which is maintained as a “zero balance account,” in that all collected funds therein are swept each Business Day into a blocked or concentration Deposit Account maintained at Senior Lender.
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Store Deposit Account means a deposit account maintained by Borrower or a Subsidiary of Borrower at a financial institution in connection with, and in close geographic proximity to, a Store (or a group of Stores in the same city) for the purpose of facilitating such Store (or Stores) day-to-day operations. Store Deposit Accounts shall not include any account maintained with any Lender or any concentration account, controlled disbursement account, investment account or similar account.
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Examples of Store Deposit Account in a sentence

  • Such activities have become an important supplement to health care services provided by public institutions (with increasingly limited financial resources), and also those provided by the private sector (at increasingly high prices).

  • Schedule 5.17 to the Closing Compliance Certificate separately identifies each Concentration Account, Consolidated Store Deposit Account, Individual Store Account and the Home Office Account.

  • Because an average of $26,500 for Kings and $11,500 for Balducci’s passes through each Store Deposit Account on a weekly basis, and because the Debtors regularly transfer funds from such accounts into a centralized Concentration Account (as defined and described below), the balances in such accounts do not exceed the FDIC-insurance cap of $250,000 at any given time.

  • By that stage he had agreed to accept a settlement of all his costs at £42,000 and was due to receive the balance of £10,750.

  • Schedule 5.21(a) separately identifies each Concentration Account, Consolidated Store Deposit Account, Individual Store Account, the Home Office Account and the Designated Account.

  • Schedule 5.17 separately identifies each Concentration Account, Consolidated Store Deposit Account, Individual Store Account and the Home Office Account.

  • Each store has its own Store Deposit Account, into which cash and checks are deposited.

  • Depository Bank Type of Account Account No. AMEGY BANK Lockbox Account 00000000 BANK OF AMERICA Store Deposit Account 004140299014 BANK OF AMERICA Investment Account 555-07A02-1-9 EJE COMPASS BANK Store Deposit Account 00000000 JPMORGAN CHASE Store Deposit Account 621657597 REGIONS BANK Store Deposit Account 01281949500215920399021592093302159209680251920976021592098402159209920215921026 UNION BANK Store Deposit Account 4960003654 Conn Credit Corporation, Inc.

  • Temporary Master Store Deposit Account Livonia, MI PNC 42-5264-6164 Factory Card & Party Outlet Corp.

  • If there is some motivation for majorities to include minority demands, then we expect that reciprocity toward minorities is more prevalent in the context of issues that touch upon the vital interests of minorities.

Related to Store Deposit Account

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • 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.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Excluded Deposit Accounts means (i) any payroll account, (ii) any withholding tax, benefits, escrow, trust, customs or any other fiduciary account and (iii) any zero balance deposit account.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Controlled Deposit Account means each deposit account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • Deposit Account Control Agreements means the deposit account control agreements or blocked account agreements in a form that is reasonably satisfactory to the Agent to be executed by each institution maintaining a deposit account or securities account for any of the Credit Parties, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations to the extent required by Section 4.14(g) or any other provision of this Agreement or any Other Document.

  • Deposit Account Control Agreement means an agreement in a form that is reasonably satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Deposit Account.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Agent Account means an account in the name of the Agent designated by the Agent to the Borrower from time to time into which the Borrower shall make all payments to the Agent, for the account of the Agent or the Lenders, as the case may be, under this Agreement.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.