Depository Accounts definition

Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

Depository Accounts means the lock-box or blocked depository accounts maintained by the Borrower for the collection of the cash of the Borrower and the proceeds from the sale of the Inventory of the Borrower.

Depository Accounts means accounts of Borrower containing any ------------------- deposits or other sums credited to Borrower, whether in regular or special depository accounts or otherwise.

Examples of Depository Accounts in a sentence

• Pay to Agent on demand all usual and customary fees and expenses which Agent incurs in connection with (a) the forwarding of Advance proceeds and (b) the establishment and maintenance of any Blocked Accounts or Depository Accounts as provided for in Section 4.15(h).

• Except for Depository Accounts described in subparagraph A(4) of this section, any Preexisting Individual Account that has been identified as a U.S. Reportable Account under this section shall be treated as a U.S. Reportable Account in all subsequent years, unless the Account Holder ceases to be a Specified U.S. Person.

• For example, a Depository Institution may maintain Custodial Accounts as well as Depository Accounts.

• Alternatively, Agent may establish depository accounts ("Depository Accounts") in the name of Agent at a bank or banks for the deposit of such funds and Borrowers shall deposit all proceeds of Collateral or cause same to be deposited, in kind, in such Depository Accounts of Agent in lieu of depositing same to the Blocked Accounts.

• The Servicer shall establish and maintain (or cause to be established and maintained) the Depository Accounts and the Post-Office Boxes at a United States Post Office.

More Definitions of Depository Accounts

Depository Accounts means the collection accounts, which are subject to CIT's instructions, as specified in Paragraph 3.4 of Section 3 of this Financing Agreement.

Depository Accounts has the meaning provided in Section 8.20.

Depository Accounts means the collection accounts, which are subject to the Agent's instructions, as specified in Paragraph 3.4 of Section 3 of this Financing Agreement.

Depository Accounts shall have the meaning specified in Section 3, Paragraph 4 hereof.

Depository Accounts are such bank accounts subject to the Master Agency Agreement in the name of the Servicer set forth in Exhibit B attached hereto and such other or different bank accounts subject to the Master Agency Agreement in the name of the Servicer designated by the Servicer as Depository Accounts pursuant to the Master Agency Agreement.

Depository Accounts means the segregated interest bearing accounts, in the name of Buyer, established at Depository pursuant to this Agreement, and which is subject to the applicable Depository Agreement.

Depository Accounts means any operating account set up and maintained by Borrower or an Executing Subsidiary with Agent.