Collection Account Security Agreement definition

Collection Account Security Agreement means the Collection Account pledge agreement governed by the laws of The Netherlands dated the Restatement Date between the Guarantor as pledgor and the Trustee as pledgee, pursuant to which the Guarantor grants a security interest over, inter alia, all amounts standing to the credit of the Collection Account in favour of the Trustee to secure each of the Obligor’s obligations under the Finance Documents.
Collection Account Security Agreement shall have the meaning provided in Section 4A.15.
Collection Account Security Agreement means that certain Security Agreement between the Russian Sales Agent, the Borrower and the Offshore Security Trustee substantially in the Agreed Form.

Examples of Collection Account Security Agreement in a sentence

Each Servicer participating in the Securitisation Programme as a Seller shall have executed and perfected, pursuant to applicable French or English law, with the FCC and, as the case may be, the relevant Collection Account Bank a Collection Account Security Agreement in respect of its Collection Account, pursuant to which the rights and interest of the FCC in the amounts standing at any time to the credit of each Collection Account shall be secured for the benefit of the FCC.

Collection Account Security Agreement, (d) the Belgian Collection Account Pledge Agreement, (e) the German Account Pledge Agreement, (f) the Trinseo Export German Account Pledge Agreement and (g) any other account control agreement entered into between a Seller, the Master Purchaser and the Styron Security Trustee.

Upon the occurrence of a Servicer Trigger Event and by no later than 9.00 a.m. on each calendar day, all amounts, in Euro or in Sterling, standing to the credit of each Collection Account at close of business on the preceding day, shall be automatically transferred to the FCC Collection Account in accordance with the provisions of the relevant Collection Account Security Agreement.

Each Servicer undertakes, where necessary, to establish an additional Collection Account in respect of any new Seller and to enter into a Collection Account Bank Agreement and a Collection Account Security Agreement with each bank with whom such additional Collection Account is maintained, in each case, on substantially similar terms as any agreements entered into under Clauses 12.1 and 12.2 and with the prior approval of the Management Company, such approval not to be unreasonably withheld.

Any relevant Collection Account Security Agreement supersedes and/or supplements the relevant Collection Account Bank Agreement entered into on or before the FCC Establishment Date.

Furthermore, each of the Servicers and the Administrative Agents undertakes to the Management Company and the Custodian that it will not give any instruction to transfer funds from any of the Collection Accounts unless such instruction is given in accordance with its duties under, and subject to the terms of, this Agreement, the Collection Account Bank Agreement and the Collection Account Security Agreement.

Each Servicer shall operate each of the Collection Accounts in accordance with this Agreement, subject to the provisions of the relevant Collection Account Bank Agreement, Collection Account Security Agreement and applicable law.


More Definitions of Collection Account Security Agreement

Collection Account Security Agreement means any of the security agreement entered into between each Collection Account holder, the FCC and, as the case may be, the relevant Collection Account Bank pursuant to which the rights and interest of the FCC in the Collections standing at any time to the credit of each Collection Account shall be secured for the benefit of the FCC, in accordance with the provisions of the Master Receivables Transfer and Servicing Agreement;

Related to Collection Account Security Agreement

Collection Account Control Agreement means the agreement among the Issuer, JPMorgan Chase Bank, as securities intermediary, and the Indenture Trustee, dated as of December 9, 2003, relating to the Collection Account, substantially in the form attached as Exhibit C, as the same may be amended and supplemented from time to time.
Collection Account Agreement means that certain Collection Account Agreement, dated the date of this Agreement, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, which agreement relates to the Collection Account, as such agreement may from time to time be amended, supplemented or otherwise modified in accordance with the terms thereof.
Collateral Account Funds means, collectively, the following: all funds (including all trust monies), investments (including all Permitted Investments) credited to, or purchased with funds from, any Collateral Account and all certificates and instruments from time to time representing or evidencing such investments; all notes, certificates of deposit, checks and other instruments from time to time hereafter delivered to or otherwise possessed by the Collateral Agent for or on behalf of any Grantor in substitution for, or in addition to, any or all of the Collateral; and all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the items constituting Collateral.
Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.
Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.
ABL Security Agreement means the Security Agreement (as defined in the ABL Credit Agreement).
Collection Accounts The accounts established and maintained by a Servicer in accordance with Section 3.05.
Concentration Account Agreement means an agreement substantially in the form attached as Exhibit D-2 hereto among the Transferor, the Concentration Account Bank and the Agent.
Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]
Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).
Cash Collateral Account Agreement With respect to any Mortgage Loan or Serviced Whole Loan, the cash collateral account agreement, if any, between the related Originator and the related Borrower, pursuant to which the related Cash Collateral Account, if any, may have been established.
Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent in respect of a first priority pledge over the Escrow Account and all funds held on the Escrow Account from time to time, granted in favour of the Noteholders.
Investment Property Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, and has such other terms and conditions as Agent may require.
Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.
Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “my.statestreet.com”.
Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement.
Reserve Account Funding Date means the Transfer Date which occurs not later than the earliest of (a) the Transfer Date with respect to the Monthly Period which commences 3 months prior to the commencement of the Controlled Accumulation Period; (b) the first Transfer Date for which the Portfolio Adjusted Yield is less than 2%, but in such event the Reserve Account Funding Date shall not be required to occur earlier than the Transfer Date with respect to the Monthly Period which commences 12 months prior to the commencement of the Controlled Accumulation Period; (c) the first Transfer Date for which the Portfolio Adjusted Yield is less than 3%, but in such event the Reserve Account Funding Date shall not be required to occur earlier than the Transfer Date with respect to the Monthly Period which commences 6 months prior to the commencement of the Controlled Accumulation Period; and (d) the first Transfer Date for which the Portfolio Adjusted Yield is less than 4%, but in such event the Reserve Account Funding Date shall not be required to occur earlier than the Transfer Date with respect to the Monthly Period which commences 4 months prior to the commencement of the Controlled Accumulation Period.
Collection Account The account or accounts created and maintained by the Master Servicer pursuant to Section 3.05(a) of this Agreement, which (subject to any changes in the identities of the Master Servicer and/or the Trustee) shall be entitled “Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered holders of Citigroup Commercial Mortgage Trust 2018-B2, Commercial Mortgage Pass-Through Certificates, Series 2018-B2” and which must be an Eligible Account.
Spread Account Agreement means the Spread Account Agreement dated as of September 22, 2004, among the Insurer, the Issuer, the Trustee, the Trust Collateral Agent and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.
Concentration Accounts has the meaning ascribed to it in Annex C.
UK Security Agreement means, collectively, (i) any Security Agreement, including all sub-parts thereto, among any U.K. Guarantors (and such other Persons as may be party thereto) and the Collateral Agent for the benefit of the Secured Parties, (ii) each pledge agreement, mortgage, security agreement, charge, assignment, guarantee or other agreement that is entered into by any U.K. Guarantor or any Person who is the holder of Equity Interests in any U.K. Guarantor in favor of the Collateral Agent and/or the Revolving Credit Collateral Agent in its capacity as agent for the Secured Parties pursuant to the terms of the Intercreditor Agreement and the other Loan Documents, and (iii) any other pledge agreement, mortgage, security agreement, charge, assignment or other agreement entered into pursuant to the terms of the Loan Documents, in each case of clauses (i), (ii) and (iii), that is governed by the laws of England and Wales, securing the Secured Obligations, and entered into pursuant to the terms of this Agreement or any other Loan Document, as the same may be amended, restated or otherwise modified from time to time.
Controlled Account Agreement has the meaning specified therefor in the Security Agreement.
Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance reasonably satisfactory to the Administrative Agent.
Deposit Account Control Agreement means an agreement, in form and substance reasonably satisfactory to the Collateral Agent, among any Grantor, a banking institution holding such Grantor’s funds, and the Collateral Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Grantor with such banking institution.
Guarantor Security Agreement means any security agreement executed by any Guarantor in favor of Agent securing the Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent.
Collateral Assignment of Interest Rate Cap Agreement means that certain Collateral Assignment of Interest Rate Cap Agreement, dated as of the date hereof, executed by Borrower in connection with the Loan for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.