Collateral Account definition

Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

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Collateral Account any collateral account established by the Administrative Agent as provided in Section 6.1 or 6.4.

Collateral Account means a segregated account so denominated which is specifically allocated to a Series and pledged to the Custodian as security for, and in consideration of, the Custodian's issuance of (a) any Put Option guarantee letter or similar document described in paragraph 8 of Article V herein, or (b) any receipt described in Article V or VIII herein.

Examples of Collateral Account in a sentence

In no event may any Financial Asset held in the Collateral Account be registered in the name of, payable to the order of, or specially Indorsed to, thea Borrower, unless such Financial Asset has also been Indorsed in blank or to the Securities Intermediary.
The Company shall at all times maintain each Collateral Account in its current configuration on the Fireblocks platform, including without limitation the multi-signature authorization requirements applicable thereto, and shall not modify, alter or reconfigure the signing policies, authorization requirements or access controls applicable to any Collateral Account without the prior written consent of the Secured Party.
The amount of any proceeds of Eligible Funds deposited in a Tranche C Collateral Account in excess of the outstanding principal amount of Tranche C Loans shall be promptly distributed pursuant to the directions of the Borrower upon the request of the Borrower; provided that (i) no Default or Event of Default has occurred and is continuing at such time and (ii) any outstanding Tranche C Loans shall be prepaid prior to such distribution.
Each of the parties hereto hereby agrees that the Collateral Account shall be deemed to be a comprised of a Securities Account and a related Deposit Account, together with any additional subaccounts as the Collateral Custodian may determine from time to time are necessary for administrative convenience.

More Definitions of Collateral Account

Collateral Account has the meaning specified in the Security Agreement.

Collateral Account is defined in Section 9.4 hereof.

Collateral Account means the collateral account or sub-account established and maintained by the Collateral Agent in its name as Collateral Agent for the benefit of the Secured Parties, in accordance with the provisions of the Security Agreement.

Collateral Account has the meaning assigned to that term in the Collateral Account Agreement.

Collateral Account means any account established by the Collateral Agent.

Collateral Account means a segregated account or accounts established and maintained by the Custodian for the purpose of holding Collateral and Approved Investments, and interest, dividends and other payments and distributions received with respect to Collateral and Approved Investments (“Distributions”). A Collateral Account may include a joint account as permitted by the Securities Lending Guidelines.

Collateral Account has the meaning specified in Section 2.03(o).