UK Dominion Account definition

UK Dominion Account each lockbox or Deposit Account established by the UK Loan Parties which is either (i) subject to a fixed charge lien in favor of Agent or (ii) subject to a floating charge lien in favor of Agent which shall, upon the occurrence of a Cash Dominion Event and subsequent creation of a fixed charge lien in favor of Agent over such lockboxes or Deposit Accounts, become subject to a fixed charge lien in favor of Agent, in each case, in accordance with Section 7.3.2.
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UK Dominion Account each special account established by the UK Domiciled Loan Parties at Bank of America (London) over which Agent or European Security Trustee has exclusive control for withdrawal purposes. UK Eligible Accounts: at any time, the Accounts of the Applicable UK Borrower at such date except any Account:
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UK Dominion Account has the meaning specified therefor in Section 2.15(d)(ii).
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Examples of UK Dominion Account in a sentence

  • Subject to Section 10.1.13, the ledger balance in any U.K. Dominion Account of the U.K. Borrowers as of the end of a Business Day shall be applied to the U.K. Facility Obligations whether or not a Dominion Trigger Period exists.

  • All amounts received by the UK Guarantors and any UK Collection Bank in respect of any Account, in addition to all other cash, funds, checks, electronic funds transfers, credits or other items received from any source, shall upon receipt be deposited into a UK Collection Account or directly into the UK Dominion Account.

  • The applicant has agreed to maintain the contribution as agreed at the Committee in November 2008 for capital works of £36,772:00.

  • UK Guarantor, Foothill, and the UK Dominion Banks shall enter into the UK Dominion Agreements, which among other things shall provide for the opening of a depositary account over which Foothill shall have dominion and control (a "UK Dominion Account") for the deposit of all such Collections at such UK Dominion Bank.

  • The teaching-learning strategies are developed from simple to complex, known to unknown, and normal to abnormal.

  • If a Dominion Account or a UK Dominion Account is not maintained with Lender, Lender may require immediate transfer of all funds in such account to a Dominion Account or a UK Dominion Account, respectively, maintained with Lender.

  • All Accounts owed to any UK Borrower shall be paid into a UK Dominion Account.

  • Except as set forth in Sections 7.2.1 and 8.4 hereof, each Borrower shall (and shall cause each other Loan Party to) promptly notify Agent of any opening or closing of a Deposit Account or a Securities Account and shall not open or close any Deposit Account or other bank account in the United Kingdom (including any UK Dominion Account) except with the prior written consent of the Agent, and will amend Schedule 8.6 to reflect same.

  • Such Activation Notice may direct the applicable bank or financial institution to be sent by an electronic funds transfer method acceptable to Agent no less frequently than once per Business Day all amounts then on deposit in the applicable Disbursement Account to the US Dominion Account, Canadian Dominion Account or UK Dominion Account (each as defined below), as applicable, such amounts to be treated and applied in accordance with Section 2.15(d)(v).

  • US Dominion Account: any Dominion Account other than a UK Dominion Account.


More Definitions of UK Dominion Account

UK Dominion Account has the meaning set forth in Section 2.7(b). ------------------- -------------- "UK Dominion Agreements" those certain depository account agreements, ---------------------- in form and substance satisfactory to Foothill, each of which is among UK Guarantor, Foothill, and one of the UK Dominion Banks.
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UK Dominion Account a Dominion Account maintained at Bank of America, N.A. (acting through its London branch) and designated by Lender as the UK Dominion Account, or such other account as may be designated by Lender to Borrower in writing for the deposit of payments on UK Accounts, over which Lender has exclusive control for withdrawal purposes. UK Loan Sublimit: $500,000.
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UK Dominion Account one or more special accounts established by UK Borrower at Bank of America over which Agent has exclusive control of withdrawal purposes over which the relevant UK Borrower has granted Agent a first ranking fixed charge.
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Related to UK Dominion Account

  • Dominion Account a special account established by Borrowers at Bank of America or another bank acceptable to Agent, over which Agent has exclusive control for withdrawal purposes.

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

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

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

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Control Account means a Securities Account or Commodity Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

  • Collection Accounts As defined in Section 3.10(a).

  • 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.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Collection Account Control Agreement means the Amended and Restated Collection Account Control Agreement, dated as of the date hereof, among the Borrower, the Servicer, the Administrative Agent and the Collection Account Bank, substantially in the form of Exhibit D-3 hereto, as amended, modified or supplemented from time to time.

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

  • 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.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

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

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • Funds Account means an account held by you or any third parties maintained with any Participant.

  • 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.