Trade Payables Deposit Account definition

Trade Payables Deposit Account means the deposit account in the name of Borrower maintained at Wxxxx Fargo Bank, N.A. (Los Angeles branch), account number 4945-086684.
Trade Payables Deposit Account shall have the meaning set forth in the First Amendment to Amended and Restated Securities Purchase Agreement.
Trade Payables Deposit Account shall have the meaning set forth in the First Amendment."

Examples of Trade Payables Deposit Account in a sentence

  • The Company shall have established at a bank or other financial institution selected by the Company (the "Depository") a separate, interest-bearing deposit account (the "Trade Payables Deposit Account") into which the net proceeds from the issuance and sale of the Bridge Securities shall be deposited and which shall be subject to the terms of the Deposit Account Control Agreement described in Section 5(a)(iv)(F) above.

  • The proceeds to be received by the Company from the issuance and sale of the Bridge Securities hereunder, after payment of all amounts described in Sections 5(a)(v), (vi) and (xviii), shall be deposited into the Trade Payables Deposit Account and be used solely to reduce the outstanding balance of the Company's trade payables in accordance with the Trade Payables Reduction Plan (as defined below).

  • A Deposit Account Control Agreement, in form and substance satisfactory to the Purchaser, duly executed by the Company and the Depository (as defined below), with respect to the Trade Payables Deposit Account.

  • The Company covenants and agrees to deposit such net proceeds into the Trade Payables Deposit Account and to use the net proceeds solely to reduce the outstanding balance of the Company's trade payables in accordance with the Trade Payables Reduction Plan.

  • The parties hereto agree to use their reasonable best efforts to amend the Restricted Account Agreement dated as of April 16, 2003, with Xxxxx Fargo Bank, N.A., to, among other things, reflect that the security interests and liens of Lender in and to the Trade Payables Deposit Account are senior to the security interests and liens of the Subordinated Creditor in and to the Trade Payables Deposit Account as provided in the Intercreditor Agreement.

  • The parties hereto agree to use their reasonable best efforts to amend the Restricted Account Agreement dated as of April 16, 2003, with Xxxxx Fargo Bank, N.A., to, among other things, reflect that the security interests and liens of Pleasant Street in and to the Trade Payables Deposit Account are senior to the security interests and liens of the Purchaser in and to the Trade Payables Deposit Account as provided in the Intercreditor Agreement.

  • At the Bridge Note Closing, the Company shall deliver the Bridge Note to the Purchaser, duly executed by the Company, against delivery by the Purchaser of the Bridge Note Purchase Price (net of amounts permitted to be withheld pursuant to Sections 5(a)(v), (vi) and (xviii)) by wire transfer in immediately available funds to such bank as the Company may request in writing for credit to the Trade Payables Deposit Account.

Related to Trade Payables 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.

  • 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.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • 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.

  • 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.

  • 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.

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

  • 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).

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

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

  • 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.

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

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • 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.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

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

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

  • 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”.

  • 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.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

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

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.