Third Party Deposit Accounts definition

Third Party Deposit Accounts means those deposit accounts now existing or hereafter established by a Borrower for deposits of funds received by such Borrower on behalf of its account debtors in payment of such account debtors' receivables, provided that such deposit accounts are titled to clearly indicate that Borrower maintains such deposit accounts on behalf of its account debtors.
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Third Party Deposit Accounts means those deposit accounts now existing or hereafter established by Borrower for deposits of funds received by Borrower on behalf of its account debtors in payment of such account debtors' receivables, provided that such deposit accounts are titled to clearly indicate that Borrower maintains such deposit accounts on behalf of its account debtors.
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Third Party Deposit Accounts has the meaning set forth in Section 7.14(a) hereof.
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Examples of Third Party Deposit Accounts in a sentence

  • First, the statute does not mention the presence of the homeowner as a condition to the prohibition against an unauthorized nighttime search.

  • Except for those accounts specified on the Schedule that support existing letters of credit issued at the application of Borrowers and the Third Party Deposit Accounts, within ninety (90) days of the date of this Agreement, all primary depository, operating and investment accounts of each Borrower (including without limitation, all primary depository, operating and investment accounts maintained in Canada) shall be maintained with Bank or Bank's Affiliates.

  • Except as set forth in the Schedule, no securities account or deposit account of either Borrower (excluding the Third Party Deposit Accounts) is maintained or invested with a Person other than Bank or Bank's affiliates.

  • Unless otherwise agreed in writing by Bank, Borrowers will close all Third Party Deposit Accounts on or before the date that is 90 days after the Closing Date.

  • Except for those accounts specified on the Schedule that support existing letters of credit issued at the application of Borrower and the Third Party Deposit Accounts, all primary depository, operating and investment accounts of Borrower shall be maintained with Bank or Bank's Affiliates.

  • Such deposits shall be subject to Lender’s standard terms and conditions applicable to Third Party Deposit Accounts.

  • Except as set forth in the Schedule, no security account or deposit account (excluding the Third Party Deposit Accounts) is maintained or invested with a Person other than Bank or Bank's affiliates.

  • Each Borrower hereby grants to Lender a continuing lien, security interest and right of setoff as security for all liabilities and obligations to Lender, whether now existing or hereafter arising, upon and against all deposits, credits, collateral and property, now or hereafter in the possession, custody safekeeping or control of Lender or any entity under the control of Lender, and its successors and assigns or in transit to any of them, other than Third Party Deposit Accounts.


More Definitions of Third Party Deposit Accounts

Third Party Deposit Accounts means the accounts of certain tax credit funds managed by affiliates of the Borrower held at Compass Bank, Denver, Colorado, which accounts shall be DDAs or other accounts.
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Related to Third Party Deposit Accounts

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

  • 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.

  • 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.

  • 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.

  • 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.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • 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.

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

  • 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.

  • 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.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • 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.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Lockboxes has the meaning set forth in Section 2.7.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

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

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • 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).

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • 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”.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • 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.

  • 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.