Excluded Account

Excluded Account. Any (a) accounts used for payroll, payroll taxes or other employee benefits, (b) insurance trust accounts holding funds necessary to fund the accrued insurance obligations of Debtor and its Subsidiaries in respect of self-insured health insurance and worker's compensation insurance, (c) any escrow accounts maintained in connection with (i) the transactions contemplated by the PSA or (ii) from time to time after the date hereof, any acquisition or investment permitted by the terms of the Credit... Agreement and (d) any other accounts with respect to which the aggregate amount on deposit does not exceed $100,000 View More

Excluded Account. Means any Deposit Account which is used solely (i) to fund payroll, 401(k) and other employee benefit plans, (ii) as a withholding tax account or (iii) as a trust or fiduciary account.