Special Collateral Account definition

Special Collateral Account means that certain interest bearing restricted account maintained by the Collateral Agent for the purpose of receiving and holding Senior Preferential Payments.

Special Collateral Account has the meaning set forth in the Intercreditor Agreement.

Special Collateral Account means that certain restricted account maintained by and under the sole dominion and control of the Designated Lender for the purpose of receiving and holding Post-Default Payments.

Examples of Special Collateral Account in a sentence

• ICG hereby warrants to Xxxxxxx Xxxxx that this notice is lawful and authorized by the Security Agreement (Special Collateral Account) among ICG, ICG Holdings, ICLP and the Administrative Agent.

• After the receipt of such Notice of Special Default, all Senior Preferential Payments other than those payments received pursuant to subsection (b) of this Section 5.11 shall be deposited into the Special Collateral Account.

• Notwithstanding the foregoing, no Lender shall be required to deliver to the Designated Lender any Post-Default Payment received prior to the occurrence of an event described in Section 3.3(c) or deposit any such Post-Default Payment into the Special Collateral Account until the time an event described in Section 3.3(c) occurs.

• All amounts deposited into the Special Collateral Account shall be held and invested in accordance with subsection (b) of this Section 3.3 or shall be distributed in accordance with subsection (c) of this Section 3.3. Each Lender shall promptly notify the other Lenders of such Lender’s receipt of a Post-Default Payment and shall promptly deliver to the Designated Lender such amounts for deposit into the Special Collateral Account (with such endorsements as may be required).

• Special hazards arising from the substance or mixture!Further informationThe mixture is classified as hazardous according to regulation (EC) No 1272/2008 [CLP].

More Definitions of Special Collateral Account

Special Collateral Account has the meaning specified in Section 6.24(i) of the Loan Agreement. “‘Third Amendment to Loan Agreement and to Other Loan Documents’ means that certain Third Amendment to Loan Agreement and to other Loan Documents dated as of January 10, 2003, between the Borrower and the Lender.”

Special Collateral Account shall have the meaning set forth in Section 7.02(b).

Special Collateral Account has the meaning assigned to that term in the Collateral Account Control Agreement.

Special Collateral Account means an account established by the Borrower with the Administrative Agent and over which the Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, except that (unless an Event of Default has occurred and is continuing) the Borrower shall have the exclusive right to direct the Administrative Agent as to the investment of such deposits in the Special Collateral Account in Permitted Investments provided, however, that the Administrative Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Administrative Agent to be, or would result, in 7 7 any violation of any law, statute, rule or regulation. The Borrower shall indemnify the Administrative Agent for any losses relating to the investments so that the amount available in the Special Collateral Account is not at any time less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest earned on such investments, the Special Collateral Account shall not bear interest. Interest or profits, if any, on such investments shall be deposited in the Special Collateral Account and reinvested as specified above. If the maturity of the Loans has been accelerated pursuant to the terms of the Credit Agreement, the Administrative Agent may, in its sole discretion, apply all amounts on deposit in the Special Collateral Account to satisfy any of the Borrower's obligations under the Credit Agreement. The parties hereto acknowledge and agree that the Special Collateral Proceeds constitute Proceeds (as defined in the Security Agreement) and that the Collateral Agent, for the benefit of the Lenders, has a perfected security interest therein. (g) The Borrower agrees to execute and deliver to the Collateral Agent, pursuant to Section 5.12 of the Credit Agreement, a Mortgage with respect to the Borrower's real property located in Alpharetta, Georgia, and to take all further actions to record and file such Mortgage and that may otherwise be determined by the Administrative Agent to be necessary or desirable to create a valid, perfected, first-priority Lien in favor of the Collateral Agent for the benefit of the Lenders against such property within 15 days of the date of this Amendment. (h) The Borrower hereby agrees that, notwithstanding any of the terms or provisions of the Credit Agreement, the Borrower shall not (and shall not permit any of the Subsidiaries to) maintai...

Special Collateral Account means a Deposit Account (as defined in the Security Agreement) or Securities Account (as defined in the Security Agreement) of the Borrower that meets all of the following criteria (i) the account shall be maintained by the Borrower with the Collateral Agent, (ii) such account shall have been funded with proceeds of the Term Loans hereunder in an amount that is sufficient for compliance with the Consolidated Total Leverage Ratio, (iii) the Collateral Agent shall have a first perfected security interest in such account, including all investments therof and all earnings thereon, and (iv) the account is subject to a Control Agreement (as defined in the Security Agreement) in form and substance satisfactory to the Collateral Agent duly executed by the Borrower.

Special Collateral Account. As such term is defined in Section 9.5.

Special Collateral Account means the deposit account with Administrative Agent in the name of the Borrower with the account number *. * Confidential terms omitted and provided separately to the Securities and Exchange Commission.