Collateral Account Bank definition

Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

Collateral Account Bank any bank or an Affiliate or branch thereof which at all times is the ABL Collateral Agent or a Lender or an Affiliate thereof as selected by the relevant Canadian Grantor and consented to in writing by the ABL Collateral Agent (such consent not to be unreasonably withheld or delayed).

Collateral Account Bank means Pacific Western Bank or such other bank where the Collateral Account is being held from time to time in accordance with the terms of this Agreement.”

Examples of Collateral Account Bank in a sentence

• The Collateral Account Bank is hereby authorised by the Issuer to provide account transaction statements in respect of the Collateral to the Cash Manager and the Security Trustee.

• The Collateral Account Bank shall not otherwise be responsible for any Liabilities which may result from anything done or omitted to be done by it in connection with this Agreement.

• The Collateral Account Bank shall be entitled to take any action or to refuse to take any action which the Collateral Account Bank regards as necessary for the Collateral Account Bank to comply with any applicable law, regulation or fiscal requirement, or the rules, operating procedures or market practice of any relevant stock exchange or other market or clearing system.

• Notwithstanding any other term of this Agreement, the Collateral Account Bank shall not be liable for any claim, loss, liability, costs, expenses and/or damages arising as a result of the general risk of investment in or solely by virtue the holding of assets in any jurisdiction.

• The Collateral Account Bank agrees and confirms that, unless otherwise notified by the Issuer or the Security Trustee, the Cash Manager, as agent of the Issuer, may act on behalf of the Issuer under this Agreement.

More Definitions of Collateral Account Bank

Collateral Account Bank. Deutsche Bank AG, New York Branch, an Affiliate thereof or another bank which at all times is a Lender as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

Collateral Account Bank means Xxxxx Fargo Bank, N.A., in its capacity as Collateral Account Bank under the Collateral Account Agreement, and any successor thereto in such capacity.

Collateral Account Bank. The Chase Manhattan Bank or another bank which at all times is a Lender as selected by the Borrower and notified to the Administrative Agent in writing promptly following such selection.

Collateral Account Bank. Citicorp North America, Inc., an Affiliate thereof or another bank which at all times is a Lender as selected by the relevant Grantor and consented to in writing by the ABL Collateral Agent (such consent not to be unreasonably withheld or delayed).

Collateral Account Bank a bank or other financial institution as selected by the relevant Grantor; provided such Grantor shall not alter the Collateral Account Bank during the continuance of an Event of Default without the consent of the Note Collateral Agent (such consent not to be unreasonably withheld or delayed).

Collateral Account Bank any bank that is a Lender or any Affiliate thereof as selected by the relevant Grantor and consented to in writing by the Canadian Collateral Agent (such consent not to be unreasonably withheld or delayed).

Collateral Account Bank any bank or an Affiliate thereof which at all times is a Lender as selected by the Pledgor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).