Designated Account

Example Definitions of "Designated Account"
Designated Account. Means the account of a Lender maintained on the books of the Collateral Agent to which the Collateral Agent credits Collateral received by it and designated by the Debtor pursuant to Section 5.1 as Collateral to be pledged to such Lender.
Designated Account. Means any account of the Chargor with any bank which has been notified of the interest of Cornell in such account and has agreed in writing not to permit withdrawals from such account except with the written consent of Cornell.
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