Bank Collateral Account definition

Bank Collateral Account shall have the meaning specified in Section 4.11(a).
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Bank Collateral Account shall have the same meaning as the term “Collateral Account” under the Bank Security Agreements.
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Bank Collateral Account means the Bank Collateral Account established by the Trust pursuant to Section 1204(b).
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Examples of Bank Collateral Account in a sentence

  • The Sellers Collateral Account and the Bank Collateral Account are collectively referred to as the "Cash Collateral Account".

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

  • Any Relevant NZX Market Participant to whom the Manager, on behalf of the Fund, makes a Loan of securities under this paragraph 3, must deposit New Zealand dollar cash collateral of an amount calculated in accordance with paragraph 3(c) into a collateral bank account in the name of the Trustee on behalf of the Fund held with a Registered Bank ("Collateral Account").

  • In connection with any delivery of Collateral pursuant to this Section 1203, the Trust will direct the Custodian to credit and to record such Collateral in the Bank Collateral Account, the Bank Contribution Collateral Account or the Tax Payment Collateral Account as required by this Indenture.

  • Xxxxxx $ 15,000 NFS/FMTC SEP XXX FBO Xxx Xxxxxxxx $ 15,000 Landmark Community Bank Collateral Account FBO Estate of Xxxxxxxxx Xxxxxx $ 65,000 Nasser Family Trust $ 25,000 Xxxxx X.

  • Subject to the provisions of the Bank Collateral Account Agreement, amounts on deposit in the Phase II Hotel/Casino Equity Account shall, from time to time, (a) be transferred to the Disbursement Account for application to pay Project Costs in accordance with Section 2.4.3(a) and/or (b) applied to prepayment of the Bank Facility Obligations in accordance with Section 5.13, and, on the Final Completion Date, applied as provided in Section 2.10.

  • Collateral deposited to the Bank Collateral Account under this subsection (e) shall be credited to and accounted for in the Bank Collateral Account and shall not be released from the Lien of this Indenture except pursuant to Section 1207(a) or Section 1212.

  • On or prior to the Effective Date, there shall be established the Supplemental Hotel/Casino Cash Account pursuant to (and subject to the provisions of) the Bank Collateral Account Agreement and, within the Supplemental Hotel/Casino Cash Account, the Free Cash Flow Sub-Account.

  • Permit the balance in the Excluded Deposit Account to be more than $50,000 (after giving effect to the daily sweep of the Excluded Deposit Account) at any time or permit the balance in the US Bank Collateral Account to be more than $25,000 at any time.

  • The Deposit Account listed on Schedule 5.18(a) and labeled as "Collateral Account" is the US Bank Collateral Account, is required to be pledged as cash collateral in connection with credit card processing provided by US Bank and the balance in the US Bank Collateral Account does not exceed $25,000 at any time.

Related to Bank Collateral Account

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

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

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • 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.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • 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).

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • 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).

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Controlled Account means each deposit account and securities account that is subject to an account control agreement in form and substance satisfactory to the Administrative Agent and the L/C Issuer.