Assignment of Bank Accounts Sample Clauses

Assignment of Bank Accounts. 2A.1 The Assignor hereby assigns to the Assignee, as security for the Secured Liabilities, its Bank Accounts, together with all subsidiary and preferential rights attaching thereto, and accrued, current and future interest.
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Assignment of Bank Accounts. The Seller shall simultaneously with the Closing, assign the Bank Accounts to the Buyer or cause the Bank Accounts to be assigned to the Buyer.
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Assignment of Bank Accounts. Upon the occurrence of an Event of Default under this Deed of Trust any funds on deposit with Beneficiary in the name of Grantor, and any securities and property given unto or left in the possession of the Beneficiary by Grantor, whether as collateral security or held in escrow or otherwise, are hereby assigned to Beneficiary, shall be held by it as additional security for the Loan and may be applied to the payment of any sums due it under the terms of the Note or the other Loan Documents.
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Assignment of Bank Accounts. Article VIII of the Agreement is amended by adding the following Section 8.3:
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Assignment of Bank Accounts. In addition to the security interest granted in Section 6.0, Borrower hereby absolutely assigns to Lender Borrower's interest in and right to all bank accounts, and all funds in such accounts, which are established in connection with Dealer Contracts for payments under installment contracts.
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Assignment of Bank Accounts. Upon an Event of Default under this Mortgage any funds on deposit with the Mortgagee in the name of any Mortgagor or pledged to Mortgagee and on deposit with the Bank of North America (other than those with respect to the sale of residential units under construction on any subdivided and improved lot within the Premises) in accordance with the Loan Agreement, and any securities and property given unto or left in the possession of the Mortgagee by any Mortgagor, whether as collateral security or held in escrow or otherwise or pledged to Mortgagee and on deposit with the Bank of North America (other than with respect to the sale of residential units under construction) in accordance with the Loan Agreement, is hereby assigned to the Mortgagee, shall be held by it as additional security and may be applied to the payment of any sums due it under the terms of the Note.
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Assignment of Bank Accounts. (a) The parties agree that as of the Closing Seller shall assign and transfer to the U.S. Acquisition Subsidiary the bank accounts relating to the CD Int Business listed on Exhibit B to this Agreement (collectively, the "Transferred Bank Accounts"). Seller agrees to take all other necessary or desirable actions reasonably requested by Buyer to evidence and confirm the foregoing assignment and transfer.
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Related to Assignment of Bank Accounts

  • Location of Bank Accounts Schedule 6.01(v) sets forth a complete and accurate list as of the Effective Date of all deposit, checking and other bank accounts, all securities and other accounts maintained with any broker dealer and all other similar accounts maintained by each Loan Party, together with a description thereof (i.e., the bank or broker dealer at which such deposit or other account is maintained and the account number and the purpose thereof).

  • Establishment of Bank Accounts On or before the Closing Date, the Servicer will establish the following segregated trust accounts at a Qualified Institution (initially the corporate trust department of ), each in the name “ , as Indenture Trustee, as secured party for Ford Credit Auto Owner Trust 20 - “, to be designated as follows:

  • Bank Account Payments shall be made to the Contractor’s bank account denominated in euro, identified as follows: Name of bank: [complete] Address of branch in full: [complete] Exact designation of account holder: [complete] Full account number including codes: [complete] [IBAN code: [complete]]

  • Bank Accounts The Custodian shall identify on its books as belonging to the applicable Fund cash (including cash denominated in foreign currencies) deposited with the Custodian. Where the Custodian is unable to maintain, or market practice does not facilitate the maintenance of, cash on the books of the Custodian, a bank account or bank accounts shall be opened and maintained outside the United States on behalf of a Portfolio with a Foreign Sub-Custodian. All accounts referred to in this Section shall be subject only to draft or order by the Custodian (or, if applicable, such Foreign Sub-Custodian) acting pursuant to the terms of this Agreement to hold cash received by or from or for the account of the Portfolio. Cash maintained on the books of the Custodian (including its branches, subsidiaries and affiliates), regardless of currency denomination, is maintained in bank accounts established under, and subject to the laws of, The Commonwealth of Massachusetts.

  • Deposits to the Bank Account 3.1 The Selling Agents shall promptly deliver to the Escrow Agent all monies which they receive from prospective purchasers of the Securities, which monies shall be in the form of checks or wire transfers. Upon the Escrow Agent’s receipt of such monies, they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “HIGHTIMES HOLDING CORP.’s. Escrow Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the applicable Selling Agent (together with any Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

  • Disbursement from the Bank Account 4.1 Subject to 4.3 below, if by the close of regular banking hours on the Termination Date the Escrow Agent determines that the amount in the Fund is less than the Minimum Dollar Amount or the Minimum Securities Amount, as indicated by the Subscription Information submitted to the Escrow Agent, then in either such case, the Escrow Agent shall promptly refund to each prospective purchaser the amount of payment received from such purchaser which is then held in the Fund or which thereafter clears the banking system, without interest thereon or deduction therefrom, by drawing checks on the Bank Account for the amounts of such payments and transmitting them to the purchasers. In such event, the Escrow Agent shall promptly notify the Issuer of its distribution of the Fund.

  • Establishment of the Bank Account 2.1 The Escrow Agent shall establish a non-interest bearing bank account at a branch of XX Xxxxxx Chase selected by the Escrow Agent, and bearing the designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, or wire transfers) which are received by the Underwriter from prospective purchasers of the Securities and are delivered by the Underwriter to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.

  • Investment of Accounts (a) To the extent there are uninvested amounts deposited in the Series Accounts, the Issuer shall cause such amounts to be invested in Permitted Investments selected by the Issuer that mature no later than the immediately preceding Transfer Date.

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