Earnings Account Pledge definition

Earnings Account Pledge means, in respect of each Earnings Account, a first priority charge required to be executed hereunder between the relevant Borrower and the Security Trustee in respect of its Earnings Account in such form as the Agent and the Majority Lenders may require in their sole discretion, and in the plural means both of them;

Earnings Account Pledge means a deed of pledge of the Earnings Account, in such form as the Lender may approve or require in the Agreed Form;

Earnings Account Pledge means a pledge of an Earnings Account, in the form set out in Appendix C;

Examples of Earnings Account Pledge in a sentence

• The Earnings Account and the Retention Account and all amounts from time to time respectively standing to the credit thereof shall be subject to the security constituted and the rights conferred by, respectively, the Earnings Account Pledge and the Retention Account Pledge.

• The Earnings Account and all amounts from time to time standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Earnings Account Pledge.

• The Earnings Account and all amounts from time to time respectively standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Earnings Account Pledge.

• The Earnings Account and all amounts from time to time standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Earnings Account Pledge and the Borrower undertakes to take all such steps, and give all such instructions to the Account Bank to enable the Agent and/or the Security Trustee to have full unconditional access to the Earnings Account following the occurrence of an Event of Default which is continuing.

• Thankfully, the Commission has questions of its own, and Goodhue Wind Truth appreciates the inquiry.It is no exaggeration that Goodhue Wind Truth and others have been raising these issues for years.

More Definitions of Earnings Account Pledge

Earnings Account Pledge means, in respect of each Earnings Account, the pledge required to be executed hereunder by the relevant Borrower over its Earnings Account in such form as the Bank may agree or require, and in the plural means all of them;

Earnings Account Pledge means, in respect of each Earnings Account, a first priority charge required to be executed hereunder between the relevant Borrower and the Security Trustee in respect of its Earnings Account in such form as the Agent and the Majority Lenders may require in their sole discretion, and in the plural means all of them;

Earnings Account Pledge means the pledge required to be executed hereunder by the Borrower over the Earnings Account in such form as the Bank may agree or require;

Earnings Account Pledge means the pledge of Earnings Account executed by the Borrower in favor of the Security Trustee pursuant to Section 4.1(y) substantially in the form set out in Exhibit J;

Earnings Account Pledge means, in relation to an Earnings Account, an agreement creating security in favour of the Security Trustee over that account in the Agreed Form and, in the plural, means all of them;

Earnings Account Pledge means a first priority charge required to be executed hereunder between the Technical Manager and the Security Trustee in respect of the Earnings Account in such form as the Agent and the Majority Lenders may require in their sole discretion;

Earnings Account Pledge means, in respect of each Earnings Account, the pledge required to be executed hereunder by the relevant Borrower over its Earnings Account in such form as the Bank may agree or require in its sole discretion, and in the plural means all of them;