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.
Sample 1

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.

Related to CD Accounts

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

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

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • 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.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Excluded Accounts means any Xxxxx Cash Account and any other deposit account used for (a) funding payroll or segregating payroll taxes or funding other employee wage or benefit payments, (b) segregating 401(k) contributions or contributions to an employee stock purchase plan or (c) funding other employee health and benefit plans.

  • 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.

  • Collection Accounts As defined in Section 3.10(a).

  • 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 unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

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

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Locked Box Accounts means the unaudited, aggregated balance sheet of the Group as at the Locked Box Date, in the agreed form;

  • 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;

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • 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).

  • Earnings Accounts means the bank accounts of each of the Obligors from time to time each of which shall be held with the Agent or any of the Agent’s corresponding banks and to which all the Earnings and any proceeds of the Insurances shall be paid.

  • 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.