ABL Collateral Account definition

ABL Collateral Account shall have the meaning set forth in Section 7.1 of this Security Agreement.
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ABL Collateral Account means the Deposit Accounts identified on Schedule A hereto and any other Deposit Account or Securities Account established or approved by the Administrative Agent and subject to its Control (and with respect to which the Agent’s Lien in such Deposit Account or Securities Account is prior to all other Liens (including Permitted Liens)) and into which any ABL Collateral shall be deposited from time to time.
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ABL Collateral Account has the meaning set forth in Section 7.1
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Examples of ABL Collateral Account in a sentence

  • Subject to the ABL Intercreditor Agreement, moneys in the Non-ABL Collateral Account and the ABL Collateral Account shall be held by the Collateral Agent as part of the Collateral and applied in accordance with the terms of this Security Agreement.

  • In no event shall anything be deposited into an ABL Collateral Account other than collections, proceeds or other amounts constituting, or received or payable in connection with, ABL Collateral.

  • Moneys in the Non-ABL Collateral Account and the ABL Collateral Account shall be held by the Collateral Agent as part of the Collateral and applied in accordance with the terms of this Agreement.

  • If, notwithstanding such instructions, a Pledgor receives any payments in respect of ABL HOUSTON\2261345 -9- Collateral, it shall receive such payments as the Administrative Agent's trustee, and shall promptly (but in no event later than two Business Days after receipt) deposit them into an ABL Collateral Account, or if the Administrative Agent shall direct, deliver such payments to the Administrative Agent in their original form duly endorsed in blank.

  • The provisions of this Section 3.4(c) shall not apply to any Financial Assets credited to any ABL Collateral Account for which the Administrative Agent is the Securities Intermediary.

  • Each Pledgor's invoices shall instruct all Account Debtors with respect to ABL Collateral to make all payments directly to an ABL Collateral Account or to a lock-box associated with an ABL Collateral Account (and no Pledgor shall change any such instruction).

  • Subject to Section 4.6(b), the ABL Administrative Agent shall pay over to the Term Loan/Euro RCF Collateral Agent all remaining moneys and other property held by the ABL Administrative Agent in the ABL Collateral Account or received by the ABL Administrative Agent with respect to the ABL Priority Collateral on or prior to the first Business Day falling after the ABL Obligations have been satisfied in full.

  • Subject to the Intercreditor Agreements, moneys in the Non-ABL Collateral Account and the ABL Collateral Account shall be held by the Collateral Agent as part of the Collateral and applied in accordance with the terms of this Security Agreement.

  • Subject to the ABL Intercreditor Agreement, moneys in the Non-ABL Collateral Account and the ABL Collateral Account shall be held by the Collateral Agent as part of the Collateral and applied in accordance with the terms of this Security Agreement and the Indenture.

  • If, notwithstanding such instructions, a Pledgor receives any payments in respect of ABL Collateral, it shall receive such payments as the Administrative Agent’s trustee, and shall promptly (but in no event later than two Business Days after receipt) deposit them into an ABL Collateral Account, or if the Administrative Agent shall direct, deliver such payments to the Administrative Agent in their original form duly endorsed in blank.


More Definitions of ABL Collateral Account

ABL Collateral Account shall have the same meaning as the terms “Depository Account” and “HSBC Payment Account” under the ABL Financing Agreement.
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ABL Collateral Account shall have the meaning specified in Section 7.1 of that certain Pledge and Security Agreement, dated July 2, 2009, among the Obligated Parties and the Collateral Agent, for the benefit of the Term Lenders and the Noteholders.
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ABL Collateral Account has the meaning ascribed to it in the Pledge and Security Agreement.
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Related to ABL Collateral Account

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • ABL Collateral Agent means JPMorgan Chase Bank, N.A., in its capacity as collateral agent for the ABL Facility Secured Parties, together with its successors and permitted assigns under the ABL Facility Agreement and the ABL Facility Collateral Documents.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Cash Collateral Accounts shall have the meaning given to such term in Section 11.1 hereof.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • 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.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under its sole dominion and control.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge 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.

  • 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).

  • ABL Collateral Documents means all “Security Documents” as defined in the Original ABL Credit Agreement, and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with any ABL Credit Agreement, and any other agreement, document or instrument pursuant to which a Lien is granted securing any ABL Obligations or under which rights or remedies with respect to such Liens are governed, in each case as the same may be amended, supplemented, waived or modified from time to time.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • Supplemental Collateral Agent has the meaning specified in Section 7.01(c).

  • Excess Liquidation Proceeds Account The segregated account (or the sub-account of the Distribution Account) created and maintained by the Certificate Administrator on behalf of the Trustee pursuant to Section 3.04(d) for the benefit of the Certificateholders, which shall be entitled “Xxxxx Fargo Bank, National Association [or the name of any successor Certificate Administrator], as Certificate Administrator on behalf of Wilmington Trust, National Association [or name of any successor Trustee], as Trustee, for the benefit of the registered holders of WFRBS Commercial Mortgage Trust 2014-C22, Commercial Mortgage Pass-Through Certificates, Series 2014-C22, Excess Liquidation Proceeds Account”.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.