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Common use of Payroll Accounts Clause in Contracts

Payroll Accounts. Company may make transfers from the Payroll Accounts. Company may run fraud, error detection and reconciliation cash management products on the Payroll Accounts (Positive Pay).

Appears in 3 contracts

Sources: Deposit Account Control Agreement (Hancock Fabrics Inc), Deposit Account Control Agreement (Hancock Fabrics Inc), Deposit Account Control Agreement (Hancock Fabrics Inc)

Related Clauses

  • Cash Accounts
  • Designated Accounts
  • Separate Accounts
  • Retirement Accounts
  • Cash Account

Parent Clauses

  • NEGATIVE COVENANTS
  • Treasury Banking and Tax Matters
  • Affirmative Covenants
  • Remittance of Funds; Use of Cash Management Facilities
  • Material Contracts

Sub-Clauses

  • STAY OF ACCELERATION
  • LANGUAGE
  • ADMINISTRATIVE AGENT'S REIMBURSEMENT AND INDEMNIFICATION
  • DISSEMINATION OF INFORMATION
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