Wachovia Account definition

Wachovia Account means a deposit account of the Borrower maintained at Wachovia Bank, N.A. for the purpose of collateralizing a letter of credit given as security for the performance of the Borrower’s obligations to its landlord at the Borrower’s Phillipsburg, New Jersey premises.
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Wachovia Account has the meaning set forth in clause (x) of Exhibit IV.
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Wachovia Account has the meaning set forth in Section 1.4.
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Examples of Wachovia Account in a sentence

  • Upon purchase, the Purchased Stock shall be deposited to Wachovia Account #4143-6667.

  • Borrower shall not transfer or withdraw the Purchased Stock from Wachovia Account #4143-6667 without the prior written consent of Lender.

  • Borrower shall not, either directly or indirectly, create, assume, incur or suffer or permit to exist any security interest or charge of any kind or character upon the Purchased Stock held in Wachovia Account #4143-6667 except for the security interest granted herein to the Lender.

  • Notary Public Printed My Commission Expires: My County of Residence: December ___, 2006 Xxxx Xxxx Wachovia Securities Financial Network 0000 Xxxxxxxxx Xxxxx Indianapolis, IN 46278 Dear Xxxx: I have granted a first priority security interest in all of the securities held in Wachovia Account #4143-6667 (the “Account”) to Xxxxxx X.

  • Additionally, provided that the Liquidation Trust (under the Sale Option) or the Reorganized Stand Alone Debtors (under the Stand Alone Option) does not breach applicable deposit agreements, Wachovia will not interrupt or otherwise interfere with ACH or other services that Wachovia provided to the Debtors during the pendancy of these Chapter 11 Cases in the ordinary course of business until such time as each Wachovia Account is closed.

  • Ten (10) days after the end of each month until the final Cash Management Administrative Claims Bar Date respecting each particular Wachovia Account, Wachovia shall submit to the Liquidation Trust (under the Sale Option) or the Reorganized Stand Alone Debtors (under the Stand Alone Option) its aggregate Cash Management Administrative Claims for such month together with appropriate supporting documentation of such Claims.

  • Once such Obligations shall be reduced to zero, any additional Collections received by the Servicer (i) if applicable, shall be remitted to the Scotiabank Account and the Wachovia Account, as applicable, no later than 12:00 noon (New York City time) to the extent required to fund the Conduit’s and Wachovia’s respective Percentages of any Aggregate Reduction on such Settlement Date and (ii) any balance remaining thereafter shall be remitted from the Servicer to Seller on such Settlement Date.

  • Borrower shall establish and maintain the Restricted Wachovia Account.

  • On each Settlement Date prior to the occurrence of the Amortization Date, the Servicer shall remit to the Fifth Third Account and the Wachovia Account each Purchaser’s respective Percentage of the amounts set aside during the preceding Settlement Period that have not been subject to a Reinvestment and apply such amounts (if not previously paid in accordance with Section 2.1) to reduce the Obligations.

  • Orthovita acknowledges that it has requested RST to deliver the UCC-3, the Custodian Wachovia Account Control Agreement Letter and the Custodian Lockbox Agreement Letter.


More Definitions of Wachovia Account

Wachovia Account means account no. 2070482789126, account name: Leverage Finance – NC, at Wachovia Bank, National Association, ABA No. 000000000, Reference: Ferro (1FE01), or any other account or accounts as the Agent may indicate from time to time.
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Wachovia Account means the internal Wachovia concentration account into which funds transferred from the Wachovia Clearing Account will be deposited and applied to the Obligations, established and maintained in the name of the Administrative Agent at Wachovia.
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Related to Wachovia Account

  • Investment Account As defined in Section 3.12(a).

  • Master Account or “Judicial Council’s Master Account” shall mean the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • 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.

  • 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.

  • 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.

  • 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.

  • Administration Account As defined in Section 7.02.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • 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.

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

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

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

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • 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.

  • Direct Account : means any Account which is not an ISA Account.

  • Credit Account is modified to read “Grant Account”.

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

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

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

  • Linked Account means any controlled disbursement account or other deposit account at any time linked to any of the Collection Accounts maintained at Truist Financial Corp. by a zero balance account connection or other automated funding mechanism.

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

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