Assigned Account definition

Assigned Account means any Account that may from time to time be identified in writing as an Assigned Account by the Collateral Agent.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Assigned Account means any Account designated in writing as an Assigned Account by the Collateral Agent in accordance with Clause 9.3 (Accounts after Security becomes enforceable).

Assigned Account means the Account with account number [ ] (account name J. & W. B▇▇▇▇▇▇ (▇▇ldings) Limited) (and any renewal or redesignation of such account) maintained with Barclays Bank PLC by the Chargor, and any other Account that may from time to time be identified in writing as an Assigned Account by the Collateral Agent.

Examples of Assigned Account in a sentence

On and after the date hereof, you shall also include such notice plainly and conspicuously as a legend on the face of each invoice you issue representing an Assigned Account.
Each Loan Party acknowledges and agrees that the Administrative Agent has (and is hereby granted to the extent it does not already have) a Lien on each Assigned Account and all funds contained therein to secure the Secured Obligations.
Any proceeds of Collateral received by any Loan Party shall be promptly deposited into an Assigned Account and, until so deposited, shall be held by it in trust for the Administrative Agent and the Lenders.
Subject to the terms of the Credit Agreement, the Company shall prior to the occurrence of an Event of Default be entitled to receive, withdraw or otherwise transfer any credit balance from time to time on any Account other than an Assigned Account.
The Company assigns and agrees to assign absolutely with full title guarantee to the Security Trustee as Security for the payment and discharge of the Secured Liabilities all the Company’s right, title and interest from time to time in and to (subject to obtaining any necessary consent to that assignment from any third party) all rights and claims (including in relation to the debt or debts represented thereby and all Related Rights) in relation to any Assigned Account.

More Definitions of Assigned Account

Assigned Account means the following accounts established and maintained at the offices of National Westminster Bank Plc in England numbered as follows: [Redacted.] and any other Accounts that may from time to time be identified in writing as an Assigned Account by the Security Trustee and the Company.

Assigned Account means the account maintained by the Chargor with Deutsche Bank AG, Hong Kong Branch with account number ▇▇▇▇▇▇▇-05-0 (including any replacement, renewal and/or designation thereof).

Assigned Account means any Account designated in writing as an Assigned Account by the Collateral Agent in accordance with Clause 8.3 (Accounts after Security becomes Enforceable).

Assigned Account means an account held by Shining Prospect with HSBC Bank plc with sort code 40-05-15 and account number ▇▇▇▇▇▇▇▇;

Assigned Account means any Mandatory Prepayment Account (as defined in any Debt Document (as defined in the Intercreditor Agreement)) and any other account that may from time to time be identified in writing as an Assigned Account by the Security Trustee and the Company in accordance with the terms of the applicable Transaction Security Documents, including any renewal or redesignation of such accounts.

Assigned Account means: Hyundai Microelectronics, Samsung Semiconductor and ▇▇▇▇ Bu Electronics.

Assigned Account means any Deposit Account, Securities Account or Commodities Account subject to a Control Agreement.