CD Accounts definition

CD Accounts means the accounts maintained with the Administrative Agent that hold certificates of deposit or time deposits pledged to secure the Obligations, and any renewals or rollovers of such accounts.
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CD Accounts is defined in Section 6.8(a).
Sample 1
CD Accounts means certificates of deposit with XX Xxxxxx Xxxxx Bank to secure Borrower’s letter of credit with XX Xxxxxx Chase Bank maintained as a security deposit for Borrower’s lease of its headquarters premises, provided that the aggregate balance maintained in such certificates of deposit does not at any time exceed Three Hundred Six Thousand Dollars ($306,000.00) plus accrued interest, as the same may be increased from time to time in connection with the renegotiation of such lease or the negotiation of a lease for substitute space.
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Examples of CD Accounts in a sentence

  • Notwithstanding the foregoing, the Collateral does not include any of the following: (a) more than sixty-five percent (65%) of the presently existing and hereafter arising issued and outstanding shares of capital stock owned by Borrower of any Foreign Subsidiary which shares entitle the holder thereof to vote for directors or any other matter, (b) any security deposits provided to landlords in the ordinary course of business, (c) the CD Accounts, or (c) motor vehicles.

  • This transfer out of the CD Accounts may be subject to a Market Value adjustment.

  • Callable CD Accounts pay a premium rate of interest in return for our right to "call" the CD account at any time after one year from the date of deposit.

  • Notwithstanding the foregoing, Collateral shall not include (i) motor vehicles and similar assets the perfection of a security interest in which would be governed by state “Certificate of Title” laws by notating the security interest on the certificate of title, (ii) real property or interests therein, and (iii) lease security deposits and the CD Accounts.

  • Once You choose a Variable Annuity Payment Option, You must transfer out any amount invested in the CD Accounts.

  • Any withdrawal from the CD Accounts 31 days or more before the end of the Interest Rate Guarantee period will be subject to a Market Value Adjustment.

  • At all times cause the value of the certificates of deposit and/or time deposits in the CD Accounts to be no less than 100% of the Outstanding Amount of the Committed Loans, Swing Line Loans and L/C Obligations.

  • If You do not specify how to allocate the withdrawal amount among the CD Accounts and the Variable Sub-Accounts, We will prorate the amount among the CD Accounts and the Variable Sub-Accounts based on the current value of Your accounts.

  • Upon the Administrative Agent’s request, the Borrower shall deliver any certificate evidencing any of the CD Accounts to the Administrative Agent, duly endorsed over to the Administrative Agent, as necessary.

  • Callable CD Accounts pay a premium rate of interest in return for our right to “call” the CD account at any time after one year from the date of deposit.


More Definitions of CD Accounts

CD Accounts means the audited consolidated sets of accounts of C&D from 1 January 2021 to the C&D Accounts Date.
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Related to CD Accounts

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Excluded Accounts means (a) payroll accounts, (b) health savings accounts, worker’s compensation accounts and other employee benefits accounts, (c) payroll withholding tax accounts and other tax (including sales tax) remittance accounts and (d) any other account that is used solely as an escrow account or as a fiduciary or trust account and not otherwise prohibited under this Agreement or any other Loan Document.

  • 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.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Separate Accounts means the accounts which are to be prepared for each

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.