Borrower Collateral Account definition

Borrower Collateral Account means, for each Borrower that has Investors, the account listed on Schedule I with respect to such Person, which account shall be solely used for receipt of proceeds from Capital Calls.
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Borrower Collateral Account has the meaning specified in the Borrower Security Agreement.
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Borrower Collateral Account has the meaning provided in Section 5.2(a).
Sample 1

Examples of Borrower Collateral Account in a sentence

  • Notwithstanding the foregoing, the Non-Accountable Expense Allowance shall be reduced on a dollar-for-dollar basis by the fees and expenses of the Company's counsel for preparing and furnishing the opinion letter referred to in Section 3.4(d) of this Agreement.

  • Each Borrower shall ensure and take all necessary steps to ensure that all payments of Receivables or otherwise relating to Collateral are made directly to the Revenue Account (as defined in the Depositary Agreement), or such other Borrower Collateral Account identified in writing by Administrative Agent to Borrower Agent.

  • If any Borrower receives cash or Payment Items with respect to any Collateral, it shall hold same in trust in favor of Collateral Agent for the benefit of the Secured Parties and promptly (not later than the next Business Day) deposit same into the Borrower Collateral Account or such other identified in writing by Administrative Agent to Borrower Agent.

  • The Borrowers shall be the sole account holder of each Borrower Collateral Account and shall not allow any other Person (other than Collateral Agent and Other Collateral Agent as provided in the Depositary Agreement) to have control over a Borrower Collateral Account or any amounts or assets deposited therein or credited thereto.

  • After any withdrawal of funds from any Borrower Collateral Account as contemplated in this Section 3.5(b)(i), the Administrative Agent shall promptly deliver written notice of such withdrawal to the applicable Borrower(s); provided that the failure of the Administrative Agent to give such notice will not affect the validity of such withdrawal.

  • BTC has the right to apply any or all funds in the Borrower Collateral Account toward payment of the indebtedness in any manner it may elect.

  • In addition, to the extent not funded directly by the Investors into the respective Borrower Collateral Account, each of the Borrowers (other than a Qualified Borrower) shall promptly, but within five (5) Business Days of receipt thereof, deposit into its respective Collateral Account any payments and monies that such Borrower receives directly from Investors as Capital Contributions.

  • The Borrower Collateral Account will be assigned to BTC to secure repayment of the indebtedness incurred under the Credit Facility.

  • To secure the Credit Facility, the LP has granted to BofA, for the benefit of each Lender, a first, exclusive, and prior: (1) Security interest and lien in and to the Capital Commitments, Reserve Amounts, and Capital Contributions of the Limited Partners; (2) collateral assignment and pledge of the LP’s security interest in each Limited Partner’s limited partnership interest; and (3) security interest and lien in the Borrower Collateral Account.

  • If any Borrower has Knowledge that it has received cash or Payment Items with respect to any Collateral, it shall hold same in trust in favor of Collateral Agent for the benefit of the Secured Parties and promptly (not later than the next two (2) Business Days thereafter) deposit same into Borrower Collateral Account or such other identified in writing by Administrative Agent to Borrower Agent.


More Definitions of Borrower Collateral Account

Borrower Collateral Account means a Collateral Account of a Borrower.
Sample 1
Borrower Collateral Account means that certain deposit account number 327825050427 in the name of the Borrower maintained with KeyBank, N.A.
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Borrower Collateral Account the deposit account of the Borrower maintained at JPMorgan Chase Bank, N.A. pursuant to Section 5.13, and any successor account.
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Borrower Collateral Account has the meaning specified in Section 3(a) hereof.
Sample 1
Borrower Collateral Account means, for each Borrower that has Investors, the account listed on Schedule I hereto (as such Schedule I may be amended, restated, supplemented or otherwise modified from time to time), with respect to such Person, which account shall be used solely for receipt of proceeds from Capital Calls. “Borrower Collateral Accounts” means, where the context requires, all Borrower Collateral Accounts, collectively. “Borrower Collateral Account Pledge” means the pledge of a Borrower Collateral Account, in the form of Exhibit D hereto, made by a Borrower in favor of the Administrative Agent, pursuant to which such Borrower has granted to the Administrative Agent for the benefit of the Secured Parties, a first priority, exclusive Lien in and to a Borrower Collateral Account, as the same may be amended, restated, supplemented or otherwise modified from time to time. 5 55297837 Other Concentration Limits6 Non-Rated Included Investors 10.0% - 25.0%3 Corporate Designated Investors87 5.0%3 Foreign Sovereign Designated Investors 5.0%3 Fund-of-Funds Designated Investors 3.0%3 HNW Designated Investors and HNW 1.0% - 10.0%3, 5 Aggregation Investors Aggregate Foreign Sovereign Designated 20.0%3, 4 Investors Aggregate Fund-of-Funds Designated 15.0%3, 4 Investors Aggregate HNW Designated Investors 20.010.0%3, 4, 5, 75 and HNW Aggregation Investors Aggregate Designated Investors 50.0%4 Fresno County Retirement Plan 100.0%7 1 The Ratings for such Investor shall be the lower of any senior unsecured rating of such Investor as issued by either S&P or Xxxxx’x. If such Investor has only one rating from either S&P or Xxxxx’x, that rating shall apply. 2 For any Investor that is an unrated subsidiary of a rated parent, acceptable Credit Link Documents from the Rated parent entity will be required in order to apply the Concentration Limit based on the Ratings of the parent. 3 The Concentration Limits for each individual Investor classification shall be calculations as a percentage of the aggregate Uncalled Capital Commitments of all Borrowing Base Investors. The Concentration Limit for Fresno County Retirement Plan shall be 25.0%. 4 The aggregate Concentration Limits for Investor classifications shall be calculations (after deducting any amounts in excess of the applicable individual Investor Concentration Limits) as a percentage of the aggregate Uncalled Capital Commitments of all Borrowing Base Investors, such method as set forth in the borrowing base certificate delivered on the closing da...
Sample 1

Related to Borrower 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.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • 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.

  • 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.