Examples of Collateral Accounts in a sentence
The Collateral Accounts are maintained as part of the Debtors’ cash management system.
As of the Petition Date, there was approximately $402.5 million in principal outstanding under the 2025 Convertible Senior Notes.G. Collateral Accounts.
As of the Petition Date, the Debtors had approximately $18 million in Collateral Accounts at the Issuing Banks.
In the case of any Credit Party, contemporaneously with the establishment of any new Collateral Account at or with any bank or other depository or financial institution located in (a) the United States, subject such account to a Control Agreement that is reasonably acceptable to the Collateral Agent, and (b) any jurisdiction other than the United States, comply with the Perfection Requirements required by Requirements of Law in relation to Collateral Accounts in such jurisdiction.
Other Issuer AccountsIn addition to the Issuer Collection Account, the Reserve Account and the Issuer Expense Account the Issuer shall also maintain with the Issuer Account Bank one or more Swap Collateral Accounts and a Construction Deposit Account.