Account Pledge definition

Account Pledge means, in relation to each Account, a pledge agreement creating security in respect of that Account in the Agreed Form and, in the plural, means all of them;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Account Pledge means any of them;

Account Pledge means a deed creating security in respect of the Earnings Account in the Agreed Form;

Examples of Account Pledge in a sentence

• The Earnings Account and the Retention Account and all amounts from time to time respectively standing to the credit thereof shall be subject to the security constituted and the rights conferred by, respectively, the Earnings Account Pledge and the Retention Account Pledge.

• This Account Pledge Agreement has been entered into on the date stated at the beginning by as Pledgor By: /s/ ▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇ Title: Authorised Signatory as Collateral Agent and Pledgee By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President SIG Euro Holding AG & Co. KGaA Closure Systems International Holdings Inc.

• The Earnings Account and all amounts from time to time standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Earnings Account Pledge.

• Borrower shall maintain, and shall use commercially reasonable efforts to cause Facility Lessee to maintain, all Collateral Accounts with Collateral Agent pursuant to the Collateral Account Pledge Agreement.

• Without limitation of any other provision of this Agreement, the making of each Advance, or the withdrawal of funds previously advanced and deposited into a Construction Account under the Collateral Account Pledge Agreement, is conditioned upon fulfillment of each of the conditions set forth in this Section 2.04, subject, however, in each case, to the right of Administrative Agent to waive any one or more of such conditions in whole or in part.

More Definitions of Account Pledge

Account Pledge means, in relation to each Earnings Account, a deed of pledge of that Earnings Account in such form as the Lenders may approve or require, and in the plural means both of them;

Account Pledge means the pledge over the Earnings Account and all amounts from time to time standing to the credit to the Earnings Account from the Charterers in favour of the Owners.

Account Pledge means a pledge of any Earnings Account, the Borrower Earnings Account and the Liquidity Account, in the form set out in Appendix C;

Account Pledge means an account pledge executed by certain of ▇▇▇▇▇▇▇▇▇ in favor of Administrative Agent.

Account Pledge means either of them;

Account Pledge means the first priority pledge agreement over the Earnings Account and the Debt Service Retention Account entered or to be entered into by the Charterers in favour of the Owners, in form agreed between the Parties;

Account Pledge means each account pledge given by the Borrower, the Singaporean Charterer and the UK Charterer in favour of the Lender in respect of each Collection Account;