Italian Account definition
Examples of Italian Account in a sentence
Account Control Agreements for all of Borrower’s deposit accounts and accounts holding securities, except for the Italian Account, the French Account, the [***] Account and the [***] Account, duly executed by all of the parties thereto, in the forms provided by or reasonably acceptable to Agent.
Account Control Agreements for all of Borrower’s deposit accounts and accounts holding securities, except for the Italian Account, the French Account, the New Zealand Account and the Bank of the West Account, duly executed by all of the parties thereto, in the forms provided by or reasonably acceptable to Agent.
Account Control Agreements for all of Borrower’s deposit accounts and accounts holding securities, except for the Italian Account, the French Account and the Bank of the West Account, duly executed by all of the parties thereto, in the forms provided by or reasonably acceptable to Lender.
The Obligors shall maintain at all times Liquidity (which for certainty shall exclude amounts in the Italian Account and the Escrow Account) in an aggregate amount which shall exceed (i) [redacted in accordance with Section 12.2(3) of National Instrument 51-102] from the date hereof to and including December 31, 2018, and (ii) [redacted in accordance with Section 12.2(3) of National Instrument 51-102] beginning January 1, 2019 and thereafter.
Notwithstanding the foregoing, this Section 8.12(b)(ii) shall not apply to the Italian Account provided that the balance of assets in the Italian Account does not exceed $[redacted] (or the equivalent amount in another currency based upon the then current applicable Exchange Rate) or to the Escrow Account provided that the balance of assets in the Escrow Account does not exceed $[redacted] (or the equivalent amount in another currency based upon the then current applicable Exchange Rate).
The Obligors shall maintain at all times Liquidity (which for certainty shall exclude amounts in the Italian Account and the Escrow Account) in an aggregate amount which shall exceed (i) $[redacted] from the date hereof to and including December 31, 2018, and (ii) [redacted] beginning January 1, 2019 and thereafter.
The Parties hereby agree and acknowledge that in case of any inconsistency between the provisions of this Schedule, on the one hand, and the provisions of the Italian Account Bank Agreement executed between the relevant parties, on the other hand, the provisions of the latter document will prevail.
The Obligors shall maintain at all times Liquidity (which for certainty shall exclude amounts in the Italian Account and the Escrow Account) in an aggregate amount which shall exceed (i) $5,000,000 from the date hereof to and including December 31, 2018, and (ii) $10,000,000 beginning January 1, 2019 and thereafter.
The form of the Italian Account Bank Agreement is attached hereto as Schedule 5 - Part D; G.
Notwithstanding the foregoing, this Section 8.12(b)(ii) shall not apply to the Italian Account provided that the balance of assets in the Italian Account does not exceed $2,000,000 (or the equivalent amount in another currency based upon the then current applicable Exchange Rate) or to the Escrow Account provided that the balance of assets in the Escrow Account does not exceed $1,000,000 (or the equivalent amount in another currency based upon the then current applicable Exchange Rate).