Excluded Accounts

Excluded Accounts. Means (a) any accounts maintained solely for payroll, tax and employee benefit obligations, (b) any trust account whereby all funds on deposit therein are held in trust by a Loan Party for the benefit of a third party and not a Loan Party or a Subsidiary of a Loan Party, (c) any Deposit Account or Securities Account the maximum daily balance of which does not exceed $1,000,000 in the aggregate for all Deposit Accounts and Securities Accounts excluded pursuant to this clause (c), and (d) any... Rule 10b5-1 Account. View More

Excluded Accounts. Means, collectively, Accounts of the Company and its Subsidiaries, other than (a) Accounts held at Bank of America or any other Secured Party, (b) Accounts, either individually or in the aggregate with all such other Accounts (other than Accounts maintained by ASI and its Subsidiaries), with an aggregate average monthly balance (at any time of determination) of less than $1,000,000 and (c) solely with respect to ASI and its Subsidiaries, (i) Accounts that are solely used for payroll, (ii)... Accounts that are solely used for factoring arrangements and that are not drawn upon by any Loan Party and (iii) deposit or credit Accounts maintained with a bank or other financial institution which has a line of credit commitment to ASI to the extent such Accounts, either individually or in the aggregate with all such other Accounts, have an aggregate average monthly balance (at any time of determination) of less than $5,000,000. View More

Excluded Accounts. Shall have the meaning set forth in the Security Agreement.

Excluded Accounts. Shall mean (a) (i) zero balance disbursement Deposit Accounts, (ii) Deposit Accounts which solely hold "trust moneys" to be remitted to governmental authorities, (iii) Deposit Accounts containing funds deposited solely for self-funded third-party administered employee medical care plans, (iv) any Deposit Account or Securities Account established solely to hold the proceeds of any sale of Notes Priority Collateral to the extent required pursuant to the terms of the Secured Notes Indenture and... (v) Deposit Accounts exclusively used for funding zero balance disbursement Deposit Accounts in respect of payroll, payroll taxes and other employee wage and benefit payments and (b) other Deposit Accounts which do not contain more than $50,000 the aggregate at any time. View More

Excluded Accounts. $2,500,00 in aggregate for all such accounts; and (iv) the Stock Repurchase Account (the accounts referred to in clauses (i), (ii), (iii) and (iv) above, collectively, "Excluded Accounts")

Excluded Accounts. Individually or collectively as the context requires, payroll, withholding tax, escrow, trust fund and other fiduciary deposit accounts

Excluded Accounts. Means (a) any segregated Deposit Account specifically and exclusively used to hold tax funds, trust funds and other Collateral funds reasonably acceptable to Agent (b) controlled disbursement accounts (to the extent that such accounts are zero balance accounts), (c) Petty Cash Accounts and (d) Deposit Accounts maintained by the Loan Parties at First Fidelity Bank; provided that for the avoidance of doubt, the aggregate amount held in Deposit Accounts maintained by the Loan Parties at First... Fidelity Bank shall not exceed (i) $750,000 at any time prior to the one-year anniversary of the Amendment No. 1 Effective Date and (ii) $1,000,000 at any time thereafter. View More

Excluded Accounts. Means accounts specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Debtor's employees.