Designated Disbursement Account definition

Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

Designated Disbursement Account means the account maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrowers’ Designated Disbursement Account (or such other account as the Borrowers and the Administrative Agent may otherwise agree).

Designated Disbursement Account has the meaning assigned to such term in Section 2.21(d).

Examples of Designated Disbursement Account in a sentence

• The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower at the Administrative Agent’s principal office in Chicago, Illinois (or at such other location as the Administrative Agent shall designate), by depositing or wire transferring such proceeds to the credit of the Borrower’s Designated Disbursement Account or as the Borrower and the Administrative Agent may otherwise agree.

• Subject to the terms and conditions hereof, the proceeds of each Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree.

• Subject to the terms and conditions hereof, the proceeds of each Swing Loan extended to Borrower shall be deposited or otherwise wire transferred to Borrower’s Designated Disbursement Account or as Borrower, Administrative Agent, and the Swing Line Lender may otherwise agree.

• Subject to the terms and conditions hereof, the proceeds of each Swing Loan extended to the Company shall be deposited or otherwise wire transferred to the Company’s Designated Disbursement Account or as the Company, the Agent, and the Swing Line Bank may otherwise agree.

• Subject to all of the terms and conditions hereof, the proceeds of such Swingline Loan shall be made available to the Borrower on the date so requested at the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent and the Swingline Lender may otherwise agree.

More Definitions of Designated Disbursement Account

Designated Disbursement Account has the meaning assigned to such term in Section 5.11.

Designated Disbursement Account means, with respect to a Borrower, the account of such Borrower maintained at Fifth Third Bank and identified to the Administrative Agent in writing prior to the date hereof, or such other account as such Borrower and the Administrative Agent may otherwise agree.

Designated Disbursement Account means the account of Borrower maintained with Administrative Agent or its Affiliate and designated in writing to Administrative Agent as Borrower’s Designated Disbursement Account (or such other account as Borrower and Administrative Agent may otherwise agree).

Designated Disbursement Account means, with respect to a Borrower, the account of such Borrower identified to the Administrative Agent in writing prior to the date hereof or such other account as such Borrower may designate to the Administrative Agent in writing from time to time.

Designated Disbursement Account means the account of the Borrower maintained with the Bank or its Affiliate and designated in writing to the Bank as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Bank may otherwise agree).

Designated Disbursement Account is defined in Section 2.1(b)(iii).

Designated Disbursement Account means a segregated, special account established by the Borrower at Bank of America or another bank acceptable to the Administrative Agent, that the Borrower has designated in writing to the Administrative Agent no later February 1, 2022 and as being the account into which Loan proceeds will be deposited thereafter and from which Borrower will cause to be paid the Ordinary Course of Business amounts then due and owing by the Borrower or any of its Subsidiaries; provided, that (i) no funds or amount of funds other than proceeds of Loans shall be deposited therein and (ii) for the avoidance of doubt, in no event shall any proceeds of, or funds constituting, Collateral or Term Loan Priority Collateral be deposited into such account.