Collateral Account definition

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

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

Collateral Account means any collateral account established by the Collateral Agent as provided in Section 5.1 or Section 5.3.

Examples of Collateral Account in a sentence

• If the Collateral Account is an omnibus account, the Custody Bank or a third-party agent or trustee (the “Agent” or “Trustee”) must maintain subledgers showing the amount of Collateral owed to each Lender with respect to the Securities that each such Lender has loaned to Borrower.

• In addition, and without limiting the foregoing or clause (d) of this Section 2.03, if any L/C Obligations remain outstanding after the expiration date specified in said clause (d), the Borrower shall immediately deposit into the Collateral Account an amount in cash equal to 105% of such L/C Obligations as of such date plus any accrued and unpaid interest thereon.

• Xxxxxx understands that the attached Collateral Trust Agreement describes the obligations and rights of Trustor, Trustee and Securities Intermediary with respect to the maintenance of Collateral in the Collateral Account and the rights of the Lenders with respect to such Collateral, among other things.

• Upon the drawing of any Letter of Credit for which funds are on deposit in the LC Collateral Account, such funds shall be applied to reimburse the relevant LC Issuing Bank or Lender holding a participation in the reimbursement obligation of the Borrower to such LC Issuing Bank to the extent permitted by applicable law.

• Xxxxxx understands that, among other things, Xxxxxx authorizes the Trustee under the Collateral Trust Agreement to instruct Trustor to pay additional Collateral into the Collateral Account to maintain sufficient Collateral to secure a loan pursuant to the Securities Lending Agreement, and to instruct the Securities Intermediary to pay any Collateral excess held in the Custody Account to Trustor in accordance with Section 2.2 of the Collateral Trust Agreement.

More Definitions of Collateral Account

Collateral Account has the meaning specified in the Security Agreement.

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.

Collateral Account is defined in Section 9.4 hereof.

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

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 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.