Collateral Account definition
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 addition, and without limiting the foregoing or paragraph (c) of this Section, if any LC Exposure remain outstanding after the expiration date specified in paragraph (c), the Borrower shall immediately deposit into the Collateral Account an amount in cash equal to 103% of such LC Exposure as of such date plus any accrued and unpaid interest thereon.
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 an account established and maintained by the Custodian for the purpose of holding Collateral, which in the case of Non-Cash Collateral may be an Account or other account established for the purpose of holding Non-Cash Collateral. A Collateral Account may include a joint account as permitted by the Securities Lending Guidelines.