Cash Concentration Account definition

Cash Concentration Account means a deposit account maintained by the Administrative Borrower at the Cash Concentration Account Bank, which deposit account shall be under the sole dominion and control of the Agent.

Cash Concentration Account means the deposit account no. 3057-3774 at Citibank, N.A. designated the “Citicorp USA, Inc. F/A/O Revlon Consumer Products Corporation Concentration Account”, which account shall be under the Collateral Agent’s control.

Cash Concentration Account means the "Cash Concentration Account", as defined in the Security Agreement.

Examples of Cash Concentration Account in a sentence

• If any deposits are dishonored or returned unpaid for any reason, the Agent, in its sole discretion, may charge the amount thereof against the Cash Concentration Account or any other Security Account or other Deposit Account of one or more of the Loan Parties.

• All collections from sales of Inventory or from Account Debtors shall be deposited directly on a daily basis, and in any event no later than the first Business Day after the date of receipt thereof, into Borrowers’ Cash Concentration Account as set forth in Section 4.15(g).

• All funds deposited into the Cash Concentration Account shall be the exclusive property of the Agent and shall be subject to the sole and exclusive control of the Agent and only to such signing authority designated from time to time by the Agent.

• All collections from Account Debtors of the Borrowers sent to the Borrowers shall be deposited via scanner on a daily basis directly into the Cash Concentration Account.

• The Borrowers shall have established a Cash Concentration Account with KeyBank.

More Definitions of Cash Concentration Account

Cash Concentration Account has the meaning specified in the Security Agreement.

Cash Concentration Account means the cash concentration account maintained by the Borrower with the Cash Concentration Bank in Roanoke, Virginia (account number 2001000059003), to which the Borrower will cause to be transferred, on each Business Day, amounts deposited in the Collection Deposit Accounts on such Business Day.

Cash Concentration Account means, with respect to any Grantor, the cash concentration account maintained by such Grantor with the Collateral Agent, to which such Grantor will cause to be transferred, on each Business Day, amounts deposited in the Collection Deposit Accounts on such Business Day, as provided in Section 5.01.

Cash Concentration Account means, with respect to the Borrowers, that certain commercial deposit account maintained at KeyBank, the funds within which: (a) shall be the sole and exclusive property of the Agent for the benefit of the Agent and the Lenders and (b) the Agent shall have the irrevocable and exclusive right to withdraw until all of the Obligations are paid, performed, satisfied and enforced in full and the commitments of the Lenders to make Advances hereunder and all Letters of Credit have terminated.

Cash Concentration Account means a deposit account established and maintained by Borrower over which Lender has “control” (as that term is used in Article 9 of the UCC), pursuant to the terms of this Agreement or any Deposit Account Control Agreement that may be entered into in connection with this Agreement.

Cash Concentration Account means the deposit account no. 3059-0515 at Citibank, designated as "CUSA F/A/O FRIEDMAN'S INC. CONCENTRATION A/C", which account shall be under xxx xxxx xxxinion and control of the Administrative Agent.

Cash Concentration Account means a deposit account established and maintained by Borrower over which Agent, for itself and for the benefit of the Lender Group, has "control" (as that term is used in Article 9 of the UCC), pursuant to the terms of a Deposit Account Control Agreement.