Cash Security Account definition

Cash Security Account means Money Market Account number 0000000, together with all proceeds and substitutions thereof, all interest paid thereon, and all other cash and non-cash proceeds of the foregoing.
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Cash Security Account means segregated deposit account, account No. 0000000, held at Bank as collateral for Borrower’s Obligations.
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Cash Security Account means the account to be established by Timbercorp in the name of the Trustee into which funds raised under this prospectus, cash receipts from the payment of Receivables and proceeds from the Authorised Investment (if any), must be deposited;
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Examples of Cash Security Account in a sentence

  • Borrower shall at all times maintain the Cash Security Account, with a balance of cash in such Cash Security Account at all times greater than or equal to (1) the aggregate amount of all Credit Extensions then outstanding, less (ii) $15,000,000.

  • Borrowers shall enter into such agreements as Bank requests in order to perfect or ensure the priority of Bank’s security interest in the Cash Security Account.


More Definitions of Cash Security Account

Cash Security Account means segregated Certificate of Deposit, account No. 60100378, held at Bank as collateral for Borrower’s Obligations, in a minimum amount of $10,000,000.
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Cash Security Account means Demand Deposit Account number xxxxxxx505, together with all proceeds and substitutions thereof, all interest paid thereon, and all other cash and non-cash proceeds of the foregoing.
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Cash Security Account means, in respect of any Loan Facility, an account (if any) of the Loan Facility Provider established in accordance with the Account Agreement or another account agreement in respect of Charged Cash in respect of such Loan Facility; Certificate of Title has the meaning given to that term in the Security Trust Deed, provided that the disclosures contained in each Certificate of Title will be subject to the disclosures contained in any reliance or top-up letters amending or updating the disclosures contained in such Certificate of Title; CHAPS means the Clearing House Automated Payment System; Change of Law means a change occurring after the date of the Loan Facility Agreement in respect of the corresponding Series of Notes to the applicable law in England and Wales such that the provisions of Part II of the Insolvency Act 1986 shall apply to a Guarantor or any similar provision in each case the effect of which would be to permit a moratorium in respect of the Security Trustee enforcing any Security Document; Charged Cash means, in respect of each Loan Facility, at any time, the amounts standing to the credit of the Cash Security Account (if any) at such time for the purpose of compliance by the Group Borrower with the terms of the relevant Loan Facility Agreement;
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Cash Security Account means the interest-bearing U.S. Dollar account established by the Lender at its main branch in Toronto, Ontario with the account number referred to in the hypothecation agreement between the Borrower and the Lender to be delivered pursuant to Section 11.1(f);
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Cash Security Account means segregated money market account no. 0000000, held at Bank as collateral for Borrower’s Obligations, in an amount equal to or greater than the total amount outstanding under the Revolving Line.
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Related to Cash Security Account

  • Security Account “Software”, and “Supporting Obligations”.

  • 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.

  • Maturity Account means an account or accounts required to be established by the Corporation (and which shall be maintained by and subject to the control of the Trustee) for each series of Debentures issued pursuant to and in accordance with this Indenture;

  • L/C Cash Deposit Account means an interest bearing cash deposit 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.

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

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

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

  • Liquidity Account has the meaning set forth in Section 6.22(a).

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • 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.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Commodity Account is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made.

  • Direct Account : means any Account which is not an ISA Account.

  • 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.

  • Deposit Accounts means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name of a Debtor.

  • Control Account means a Securities Account or Commodities Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodities Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).