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 order to secure the Credit Party’s payment and performance of the Obligations and to effect and facilitate the right of the Secured Parties, each Borrower shall require that each of its Investors wire transfer to such Credit Party’s Collateral Account all monies or sums paid or to be paid by the Investors pursuant to Drawdowns.

• Without the prior written consent of all Lenders, no Credit Party shall make or cause the making of any withdrawal or transfer of funds from any Collateral Account if a Cash Control Event has occurred and is continuing, other than withdrawals for the purpose of repaying Obligations.

• Each Credit Party shall ensure that, at all times, the Administrative Agent shall have electronic monitoring access to each Collateral Account or such other reasonable access if electronic monitoring is not available.

• Borrower shall provide Administrative Agent with electronic monitoring access to the Collateral Account at all times.

• Each Credit Party hereby agrees that the Administrative Agent may withdraw from any Collateral Account any Capital Contributions deposited therein and apply the same to the Principal Obligations until such time as the payment obligations of this Section 3.5(b) have been satisfied in full.

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 has the meaning specified in Section 2.03(o).

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.