U.S. Disbursement Account definition

U.S. Disbursement Account means each checking and/or disbursement account of Aleris and its Domestic Subsidiaries for their general corporate purposes, including for the purpose of paying Aleris and its Domestic Subsidiaries’ trade payables and other operating expenses.
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U.S. Disbursement Account has the meaning ascribed to it in Section 1.1(e)(i).
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U.S. Disbursement Account means each checking and/or disbursement account of the US Loan Parties for their general corporate purposes, including for the purpose of paying the US Loan Parties’ trade payables and other operating expenses.
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Examples of U.S. Disbursement Account in a sentence

  • Unless otherwise agreed by the Agent in its Permitted Discretion, each US Loan Party, Agent and each of the banks in which the US Disbursement Accounts are maintained, shall, within the Post Closing Period enter into and thereafter maintain Control Agreements with respect to each such US Disbursement Account (except with respect to Excluded Accounts).

  • The Depositary Bank represents and agrees that each Account (other than the US Disbursement Account and the Canadian Disbursement Account) will be maintained, to the extent that financial assets are deposited herein or credited thereto as a “securities account” (as defined in Section 8-501 of the UCC), and, to the extent that credit balances not constituting financial assets are credited thereto, as a “deposit account” (as defined in Section 9-102(a)(29) of the UCC).

  • Each US Loan Party, Agent and each of the banks in which the US Disbursement Accounts are maintained, shall, within the Post Closing Period enter into and thereafter maintain Control Agreements with respect to each such US Disbursement Account (except with respect to Excluded Accounts).

  • The rights and powers granted in this Agreement to the Collateral Agent have been granted in order to perfect its security interests in the Accounts (other than the US Disbursement Account and the Canadian Disbursement Account), are powers coupled with an interest and are not intended to be affected by the bankruptcy of the Company or any Guarantor or by the lapse of time.

  • None of the Company, Atlantic Power Corporation or any of the other Guarantors shall have any rights or powers with respect to the remittance of amounts credited to, the disbursement of credited amounts out of, or the investment of credited amounts in, the Accounts (other than the US Disbursement Account and the Canadian Disbursement Account), except to have amounts credited thereto or withdrawn therefrom applied in accordance with the terms of this Agreement.


More Definitions of U.S. Disbursement Account

U.S. Disbursement Account means each U.S. Deposit Account maintained by a U.S. Credit Party for its general corporate purposes, including for the purpose of paying trade payables and other operating expenses (other than a disbursement account that is an Excluded Account).
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U.S. Disbursement Account means a U.S. Cash Management Account maintained by a U.S. Loan Party for the purposes of making disbursements.
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U.S. Disbursement Account means each checking and/or disbursement account of Exide U.S. and its Domestic Subsidiaries for their general corporate purposes, including for the purpose of paying Exide U.S’ and its Domestic Subsidiaries’ trade payables and other operating expenses.
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U.S. Disbursement Account means each checking and/or disbursement account maintained by each U.S. Credit Party for their respective general corporate purposes, including for the purpose of paying their trade payables and other operating expenses (other than a disbursement account that is an Excluded Account) and funded by such U.S. Credit Party in the ordinary course of business consistent with past practices.
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U.S. Disbursement Account shall have the meaning assigned thereto in Schedule E.
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U.S. Disbursement Account has the meaning ascribed to it in Section 1.1(d). “U.S. Overadvance” has the meaning ascribed to it in Section 1.1(a)(i).
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Related to U.S. Disbursement Account

  • 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.

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

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

  • Agent Account means such account of the Administrative Agent as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.2.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

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

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • 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.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Facility LC Collateral Account is defined in Section 2.19.11.

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

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

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

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

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

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