Indemnity Account definition

Indemnity Account means a Xxxxx'a compliant or non-interest bearing account held in the name of the Company:
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Indemnity Account means an indemnity account established and maintained by the Borrower to secure the Borrower's obligations to be incurred with County Bank of Rehoboth Beach, Delaware in connection with Pay-Day Advance Loans, such obligations to be established and governed by the Pay-Day Advance Loan Documents.
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Indemnity Account shall have the meaning set forth in Section 2.2 of the Depositary Agreement.
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Examples of Indemnity Account in a sentence

  • Purchaser shall deposit an additional 10% of the total number of Purchaser Shares to which each Seller is entitled under the Plan of Recapitalization in escrow in the Indemnity Account as defined in Section 9(A)(iii) of the Plan of Recapitalization.

  • The Prepetition Indemnity Obligations shall be secured by a first priority lien on the Prepetition Indemnity Account and the funds therein and by a lien on the Prepetition Collateral.

  • In the event the distributor should fail to perform or commits fraud, the Commodity Indemnity Account reimburses the producer up to 90 percent of their initial investment.

  • The Debtors shall remain liable to the Prepetition Secured Lenders, or any of them as the case may be, for all unpaid Prepetition Indemnity Obligations to the extent that the funds in the Prepetition Indemnity Account are insufficient to satisfy them in full.

  • Solid waste collection companies shall offer and provide single-family dwellings, at a minimum, the collection services listed below.

  • IWRA hereby acknowledges and agrees that the Indemnity Account shall not be HBR's sole remedy for claims brought by HBR against IWRA and that HBR shall be entitled to pursue any remedy available to it, whether at law or in equity.

  • On the Effective Date, any and all funds in the Indemnity Account and the Segregated Proceeds Account shall be released to the Master Trustee for the benefit of the Holders of the Bonds, and used, in accordance with the True-Up Agreement, for debt service reduction, including pursuant to the Alternative Cash Payment Option.

  • The Debtors’ residual interest in the Prepetition Term Loan Indemnity Account shall be subject to the DIP Liens in accordance with the priorities set forth in this Final Order and the DIP Loan Documents.

  • In addition to the establishment and maintenance of the Prepetition ABL Indemnity Account, until the Challenge Deadline (as defined herein) the Prepetition ABL Lender (for itself and on behalf of the other Prepetition ABL Credit Parties), shall retain and maintain the Prepetition ABL Liens and the ABL Adequate Protection Liens as security for any Prepetition ABL Indemnity Obligations not capable of being satisfied from application of the funds on deposit in the Prepetition ABL Indemnity Account.

  • On November 30, 2025, Buyer Parent shall pay to Seller Parent an amount equal to the positive balance, if any, in the Tax Indemnity Account (after which time, for the avoidance of doubt, the balance of the Tax Indemnity Account shall be zero and Seller Parent shall be responsible for all payment obligations in respect of Excluded Taxes under Section 8.02).


More Definitions of Indemnity Account

Indemnity Account means the separate bank account established by the Stockholder Representative that will be used by the Stockholder Representative solely to fund any obligation under Section 2.6(f).
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Indemnity Account means that certain account in the Control of the Master Trustee into which certain funds equal to $200,000 have been deposited, pursuant to the Cash Collateral Order, as security for any reimbursement, indemnification or similar continuing obligations of the Obligated Group Debtors in favor of the Master Trustee, the Bond Trustees and the Prepetition Secured Creditors.
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Indemnity Account means the Indemnity Account established pursuant to Section 5.4(b)(ix) of the Senior Credit Agreement.
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Related to Indemnity Account

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Property Account has the meaning set forth in Section 2.8(c).

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Security Account “Software”, and “Supporting Obligations”.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Direct Account : means any Account which is not an ISA Account.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Indemnification Escrow Amount has the meaning specified in Section 3.6(a).

  • Company-Sponsored Equity Account means an account that is created with the Equity Account Administrator in connection with the administration of the Company’s equity plans and programs, including the Plan.

  • 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, “xx.xxxxxxxxxxx.xxx”.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.