Collateral Reserve Account definition

Collateral Reserve Account means any non-interest bearing, demand deposit account which the Debtors may be required to open and maintain with the Collateral Agent pursuant to the requirements of Section 3.1.11.
Collateral Reserve Account means a non-interest bearing, demand deposit account which the Borrower and Guarantors may be required to open and maintain with the Agent for the benefit of the Secured Parties pursuant to the requirements of Section 2.14.
Collateral Reserve Account means any non-interest bearing, demand ---------------------------- deposit account which Borrower is or may be required to open and maintain with Lender pursuant to the requirements of Section 4.4.

Examples of Collateral Reserve Account in a sentence

  • The Collateral Reserve Account shall be an interest-bearing account, and all interest accrued on the Cash Collateral shall be for the account of Borrower so long as no Event of Default occurs.


More Definitions of Collateral Reserve Account

Collateral Reserve Account means each Deposit Account (a) over which the Agent has control by virtue of such Deposit Account's being maintained with the Agent or other Approved Depositary and (b) which Borrowers or Guarantors are or may be required to open and maintain with the Agent pursuant to the requirements of SECTION 2.15.
Collateral Reserve Account has the meaning set forth in the Security Agreement.
Collateral Reserve Account means the account of that name in the name of the Issuer with the Account Bank or any further or other account so named or redesignated account into which the Issuer will procure amounts are deposited in accordance with Condition 3(i)(iv) (Collateral Reserve Account).
Collateral Reserve Account an account established at Wachovia for the purpose of receiving payments or proceeds to be held, invested, and distributed in accordance with the terms of this Agreement.
Collateral Reserve Account has the meaning set forth in the Cash Collateral and Disbursement Agreement.
Collateral Reserve Account means the account established under the Reimbursement Agreement for the purposes described therein.
Collateral Reserve Account means the Collateral Reserve Account created pursuant to Section 2.03(a) of the Reimbursement Agreement.