Examples of Issuer Cash Account in a sentence
The cash proceeds of a sale of TER Metal (less any Taxes or other deductions permitted to be made by the Metal Counterparty in accordance with the Metal Sale Agreement) will be paid by the Metal Counterparty to the Issuer Cash Account.
The cash proceeds of a sale of TER Metal (less any Taxes or other deductions permitted to be made by the relevant Metals Counterparty in accordance with the relevant Metals Counterparty Agreement) will be paid by such Metals Counterparty to the Issuer Cash Account or otherwise to the Issuer’s order and applied towards payment of the Operational Fee to the Arranger.
Where any other fees and expenses (including without limitation trading costs and, if relevant, indemnity payments and extraordinary legal expenses) are payable by the Issuer, the Administrator shall arrange for payment of such fees and expenses out of the Issuer Cash Account or as otherwise directed by the Issuer.
In addition, in respect of each Series of Certificates, the Issuer entered into a Security Agreement and an Account Control Agreement under which the Issuer created New York law governed security over the relevant Issuer Cash Account.
In the Security Agreement and the Account Control Agreement, the Issuer creates in favour of the Trustee for itself and as trustee for the Secured Creditors a New York law governed security interest over the Issuer Cash Account relating to that Series of Certificates.