TL Deposit Account definition

TL Deposit Account means that certain Deposit Account numbered [ ], at [ ], together with any replacement account (designated in advance in writing by Term Loan Agent to Working Capital Agent) created to hold the proceeds of Term Loan Priority Collateral and proceeds of Term Loan Obligations.
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TL Deposit Account means that certain segregated Deposit Account of the Company created on or after the date hereof to hold the proceeds of Term Loan Priority Collateral, together with any replacement or similar deposit account created to serve such purpose.
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Examples of TL Deposit Account in a sentence

  • All of the deposit accounts, investment accounts or other accounts in the name of or used by any Borrower or Guarantor (other then the TL Deposit Account (as defined in the Intercreditor Agreement)) maintained at any bank or other financial institution are set forth on Schedule 8.21 hereto, subject to the right of each Borrower and Guarantor to establish new accounts in accordance with Section 5.2 hereof.

  • All of the deposit accounts, investment accounts or other accounts in the name of or used by any Borrower or Guarantor (other thenthan the TL Deposit Account (as defined in the Intercreditor Agreement)) maintained at any bank or other financial institution are set forth on Schedule 8.21 hereto, subject to the right of each Borrower and Guarantor to establish new accounts in accordance with Section 5.2 hereof.