Foreign Deposit Accounts definition

Foreign Deposit Accounts has the meaning set forth in the Security Agreement.
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Foreign Deposit Accounts are defined in Section 6.8(a).
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Foreign Deposit Accounts means the Company’s existing Deposit Accounts on the date hereof in China, Japan and the U.K., in an aggregate amount not to exceed $1,000,000 on the date hereof and at any time thereafter.
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Examples of Foreign Deposit Accounts in a sentence

  • During the Cash Management Transition Period (except to the extent provided in Exhibit C hereto), Loan Parties maintaining any deposit account other than Permitted Foreign Deposit Accounts shall maintain Control Agreements with the applicable Controlled Account Bank, in form and substance reasonably acceptable to Lender.

  • See Motion at ¶ 14.These Debtors operate a global business and the United States Trustee does not doubt that the Foreign Deposit Accounts are part of the Debtors’ business.

  • Similarly, the U.S. Trustee does not contest or address that many of the Foreign Deposit Accounts are needed for Debtors to continue to do business in certain countries in which the Foreign Deposit Accounts are held.

  • The Debtors’ Motion sought a waiver of the requirements of Section 345(b) of the Bankruptcy Code with respect to Foreign Deposit Accounts and Investment Accounts.

  • The alternative is to use methods that do not trigger FACA requirements.


More Definitions of Foreign Deposit Accounts

Foreign Deposit Accounts means, accounts that are maintained outside of the United States.
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Related to Foreign Deposit Accounts

  • Deposit Accounts means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name of a Debtor.

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Excluded Accounts means any Xxxxx Cash Account and any other deposit account used for (a) funding payroll or segregating payroll taxes or funding other employee wage or benefit payments, (b) segregating 401(k) contributions or contributions to an employee stock purchase plan or (c) funding other employee health and benefit plans.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.