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

The Administrative Agent shall apply funds deposited into the LC Collateral Account to satisfy a Defaulting Lender’s obligation to fund its portion of a Reimbursement Advance requested or deemed requested by the Borrower and to fund any LC Advance required to be made by such Defaulting Lender.
The Securities Intermediary hereby confirms and agrees that each item of property (whether investment property, financial asset, security, instrument or Cash) credited to the Collateral Account shall be treated as a “financial asset” (as defined in Section 8-102(a)(9) of the UCC).
The Securities Intermediary has not entered into, and prior to the termination of the Pledge will not enter into, any agreement with any other Person relating to the Collateral Account or any financial assets credited thereto, including, without limitation, any agreement to comply with entitlement orders of any Person other than the Collateral Agent.
While each Fund’s Cash Collateral Account will be operated on a cost basis, there is no guarantee that there will not be differences from time to time between the cost and the underlying fair market value of the assets held in the Cash Collateral Account.
The rights and powers granted in this Agreement to the Collateral Agent have been granted in order to perfect its security interests in the Collateral Account, are powers coupled with an interest and will be affected neither by the bankruptcy of the Purchase Contract Agent or any Holder nor by the lapse of time.

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).