LC Account Agreement definition

LC Account Agreement means the LC Account Agreement dated as of the date hereof between the Borrower and the Agent, as amended or modified from time to time;
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LC Account Agreement means the LC Account Agreement dated as of the date hereof between the Borrower and the Agent, as amended, modified or supplemented from time to time.
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LC Account Agreement means the LC Account Agreement dated as of the date of the initial issuance of any Letter of Credit hereunder between the Borrower and the Agent, as amended, modified or supplemented from time to time;
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Examples of LC Account Agreement in a sentence

  • No Letter of Credit shall be issued by NationsBank with an expiry date or payment date occurring subsequent to the earlier to occur of one year from the date of its issuance or the fifth Business Day preceding the Revolving Credit Termination Date unless the Borrower shall have furnished cash collateral therefor under the LC Account Agreement.

  • The Agent has a valid first perfected security interest in all Collateral furnished pursuant to the L/C Account Agreement.

  • The New Borrower acknowledges and agrees that it is a party to and bound by, and shall observe, perform and fulfill all of the obligations, undertakings and liabilities of any "Borrower" or "Pledgor" under the Agreement, the Notes, the Security Agreement and the LC Account Agreement to the same extent as if it were an original signatory thereto.

  • The New Borrower acknowledges and agrees that it is a party to and bound by, and shall observe, perform and fulfill all of the obligations, undertakings and liabilities of NHL under the Agreement, the Notes, the LC Account Agreement and each other Loan Document to the same extent as if it were an original signatory thereto.

  • SAKS INCORPORATED By: Authorized Representative EXHIBIT O Form of LC Account Agreement LC ACCOUNT AGREEMENT This LC ACCOUNT AGREEMENT (the "Agreement") is dated as of ___________, 1999, and made between SAKS INCORPORATED, a Tennessee corporation (the "Pledgor") and BANK OF AMERICA, N.A., as Administrative Agent (in such capacity herein and together with any successors in such capacity, the "Agent") for the Lenders (the "Lenders") party to the Credit Agreement referenced below.

  • By: --------------------------------- Authorized Representative Name: ------------------------------- Title: ------------------------------ 136 EXHIBIT P Form of LC Account Agreement See attached.

  • No Letter of Credit shall have an expiry date (including all rights of the Borrower or any beneficiary named in such Letter of Credit to require renewal) or payment date occurring later than the fifth Business Day prior to the Stated Termination Date unless the Issuing Bank shall hold cash or cash equivalents as security for the undrawn amount of Letters of Credit pursuant to the LC Account Agreement.

  • Pursuant to the L/C Account Agreement, the Company shall cause all L/C Obligations to be at all times Cash Collateralized in an amount equal to or greater than such L/C Obligations.

  • K-1 EXHIBIT L Form of LC Account Agreement.........................................

  • J-1 EXHIBIT K-1 Form of LC Account Agreement..........................................


More Definitions of LC Account Agreement

LC Account Agreement means the LC Account Agreement dated as of the Original Closing Date between SEI and the Administrative Agent.
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LC Account Agreement means the LC Account Agreement dated as of the
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LC Account Agreement means the LC Account Agreement dated as of the Closing Date among the
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LC Account Agreement means the LC Account Agreement dated as of the date hereof between SEI and the Administrative Agent, as amended, modified or supplemented from time to time. "Lender" and "Lenders" have the respective meanings given such terms in the preamble hereto.
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LC Account Agreement means the LC Account Agreement among the Borrowers and the Agent substantially in the form of Exhibit M hereto, as --------- amended, supplemented or restated from time to time.
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LC Account Agreement means the LC Account Agreement in substantially the form attached hereto as EXHIBIT F dated as of the date hereof between the US Facility Borrower and the US Facility Agent, as amended, modified or supplemented from time to time.
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Related to LC Account Agreement

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Account Agreement means the agreements for the operation of the Account.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Blocked Account Agreement means an agreement among the Borrower, the Agent and a Clearing Bank, in form and substance reasonably satisfactory to the Agent, concerning the collection of payments which represent the proceeds of Accounts or of any other Collateral.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.

  • Account Agreements means any lockbox account agreement, pledged account agreement, blocked account agreement, securities account control agreement, or any similar deposit or securities account agreements among the Notes Agent and/or the ABL Agent, one or more Grantors and the relevant financial institution depository or securities intermediary.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

  • Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Collection Account Bank and Lender providing for the exclusive control of the Collection Account and all other Accounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Account Control Agreement means the Account Control Agreement relating to the Accounts, dated as of the Closing Date, among the Borrower, the Servicer, the Administrative Agent and the Account Bank.

  • Account Control Agreement(s) means any agreement entered into by and among the Agent, Borrower and a third party Bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which grants Agent a perfected first priority security interest in the subject account or accounts.

  • Control Agreement is any control agreement entered into among the depository institution at which Borrower maintains a Deposit Account or the securities intermediary or commodity intermediary at which Borrower maintains a Securities Account or a Commodity Account, Borrower, and Bank pursuant to which Bank obtains control (within the meaning of the Code) over such Deposit Account, Securities Account, or Commodity Account.

  • Control Agreements means, collectively, the Deposit Account Control Agreement, the Securities Account Control Agreement and the Commodity Account Control Agreement.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Commodity Account Control Agreement means a control agreement in a form that is reasonably satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Commodity Account.

  • Investment Property Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, and has such other terms and conditions as Agent may require.