Pledge Accounts Sample Clauses

Pledge Accounts. The "PLEDGED ACCOUNT" shall include only the Borrower's Funds Account, which Pledged Account and all funds deposited and held therein shall be pledged as security for the Loan as provided herein. Only Lender shall have the authority to sign documents and checks in connection with the transfer of funds into and out of the Borrower's Funds Account. Borrower shall have authority to sign documents and checks in connection with the transfer of funds into and out of the Central Account for all of Borrower's business purposes. Borrower irrevocably waives and relinquishes to transfer funds into or out of the Borrower's Funds Account, and shall have no right to exercise dominion or control over the Borrower's Funds Account or the proceeds thereof.
Sample 1
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Pledge Accounts. The “Pledged Account” shall include only the Borrower’s Funds Account, which Pledged Account and all funds deposited and held therein shall be pledged as security for the Loan as provided herein. Only Lender shall have the authority to sign documents and checks in connection with the transfer of funds into and out of the Borrower’s Funds Account. Borrower shall have authority to sign documents and checks in connection with the transfer of funds into and out of the Central Account for all of Borrower’s business purposes. Borrower irrevocably waives and relinquishes to transfer funds into or out of the Borrower’s Funds Account, and shall have no right to exercise dominion or control over the Borrower’s Funds Account or the proceeds thereof.
Sample 1
Pledge Accounts. 5.3.3 Unavailable Position
Sample 1
Pledge Accounts. Eligible Securities pledged through the Settlement Service are credited to the pledgee’s Collateral Account and recorded in the pledgor’s Pledge Account, and are dealt with strictly and exclusively in accordance with the instructions of the pledgee Participant, without regard to the pledgor Participant. CDS has no obligation to verify the terms of the pledge or compliance therewith by either Participant or non-Participant parties to a pledge.
Sample 1

Related to Pledge Accounts

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

  • Securities Accounts If a Collateral Account is a securities account, the Financial Institution agrees that:

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Lockbox Accounts The names and addresses of all the Lockbox Banks, together with the account numbers of the Lockbox Accounts of the Seller at each Lockbox Bank and the post office box numbers of the lockboxes, are listed on Schedule 6.1(o) (or have been notified to and approved by the Agents in accordance with Section 7.3(d)) and are the only post office boxes and accounts into which Collections of Receivables are deposited or remitted. The Seller has not granted any Person, other than the Administrative Agent for the benefit of the Secured Parties as contemplated by this Agreement, control of any lockbox or Lockbox Account, or the right to take control of any such lockbox or Lockbox Account at a future time.

  • Deposits to Lock-Box Accounts Deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Lock-Box Account cash or cash proceeds other than Collections of Pool Receivables.

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Lock-Box Accounts The names and addresses of all of the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks, are specified in Schedule 6.1(n).

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