LC Account Agreement definition

LC Account Agreement means the LC Account Agreement dated as of the date hereof between the Borrower and the Agent, as amended, modified or supplemented from time to time.
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LC Account Agreement means the LC Account Agreement dated as of the Original Closing Date between SEI and the Administrative Agent.
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LC Account Agreement means the LC Account Agreement dated as of the date of the initial issuance of any Letter of Credit hereunder between the Borrower and the Agent, as amended, modified or supplemented from time to time;
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Examples of LC Account Agreement in a sentence

  • Notwithstanding any language to the contrary in the LC Account Agreement, the Agent may apply all amounts deposited in the LC Account to reimburse the Lender for the amount of any drawings under the Letters of Credit.

  • Permit the net proceeds of the Convertible Subordinated Debt Offering to be used for any purpose, other than (a) to repay the Revolving Loans; (b) to repay permanently the Term Loans in full; (c) to fund the LC Account to the extent required by the Agreement and the LC Account Agreement; and (d) to fund Capital Expenditures, research and development costs and for working capital purposes.

  • The parties confirm that any amounts maintained in the LC Account may be applied toward the reimbursement of the Lender of any such drawings as contemplated by the LC Account Agreement.

  • The LC Account Agreement shall otherwise remain in full force and effect.

  • No Letter of Credit shall be issued by NationsBank with an expiry date or payment date occurring subsequent to the earlier to occur of one year from the date of its issuance or the fifth Business Day preceding the Revolving Credit Termination Date unless the Borrower shall have furnished cash collateral therefor under the LC Account Agreement.

  • K-1 EXHIBIT L Form of LC Account Agreement...........................

  • By: --------------------------------- Authorized Representative Name: ------------------------------- Title: ------------------------------ 136 EXHIBIT P Form of LC Account Agreement See attached.

  • No Letter of Credit shall have an expiry date (including all rights of the Borrower or any beneficiary named in such Letter of Credit to require renewal) or payment date occurring later than the fifth Business Day prior to the Stated Termination Date unless the Issuing Bank shall hold cash or cash equivalents as security for the undrawn amount of Letters of Credit pursuant to the LC Account Agreement.

  • The foregoing is qualified in its entirety by reference to the Second Amended and Restated Credit Facilities and Reimbursement Agreement and the LC Account Agreement, copies of which are attached as exhibits hereto and which are hereby incorporated by reference herein.

  • The Agent has a valid first perfected security interest in all Collateral furnished pursuant to the L/C Account Agreement.


More Definitions of LC Account Agreement

LC Account Agreement means the LC Account Agreement dated as of the date hereof between SEI and the Administrative Agent, as amended, modified or supplemented from time to time. "Lender" and "Lenders" have the respective meanings given such terms in the preamble hereto.
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LC Account Agreement means the LC Account Agreement dated as of the Closing Date among the
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LC Account Agreement means the LC Account Agreement in substantially the form attached hereto as EXHIBIT F dated as of the date hereof between the US Facility Borrower and the US Facility Agent, as amended, modified or supplemented from time to time.
Sample 1
LC Account Agreement means the LC Account Agreement dated as of the
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LC Account Agreement means the LC Account Agreement among the Borrowers and the Agent substantially in the form of Exhibit M hereto, as --------- amended, supplemented or restated from time to time.
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Related to LC Account Agreement

  • 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.

  • Account Agreement means the agreements for the operation of the Account.

  • 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”.

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • 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.

  • Account Agreements means any lockbox account agreement, pledged account agreement, blocked account agreement, securities account control agreement, or any similar deposit or securities account agreements among the Notes Agent and/or the ABL Agent, one or more Grantors and the relevant financial institution depository or securities intermediary.

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Spread Account Agreement The Spread Account Agreement, dated as of March 25, 1993, as thereafter amended and restated, among the Seller, AFL, the Security Insurer, the Collateral Agent and the trustees specified therein, as the same may be amended, supplemented or otherwise modified in accordance with the terms thereof.

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Collection Account Control Agreement means the Amended and Restated Collection Account Control Agreement, dated as of the date hereof, among the Borrower, the Servicer, the Administrative Agent and the Collection Account Bank, substantially in the form of Exhibit D-3 hereto, as amended, modified or supplemented from time to time.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Cash Management Account Bank and Lender providing for the exclusive control of the Cash Management Account and all other Subaccounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Deposit Account Control Agreement means an agreement in a form that is reasonably satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Deposit Account.

  • Deposit Account Control Agreements means the deposit account control agreements or blocked account agreements in a form that is reasonably satisfactory to the Agent to be executed by each institution maintaining a deposit account or securities account for any of the Credit Parties, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations to the extent required by Section 4.14(g) or any other provision of this Agreement or any Other Document.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Account Control Agreement means the Account Control Agreement among the Borrower, as debtor, the Collateral Agent, as secured party, and State Street Bank and Trust Company, as depository bank and Securities Intermediary, dated on or about the date hereof.

  • Account Control Agreement(s) means any agreement entered into by and among the Lender, Borrower and a third party Bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which grants Lender a perfected first priority security interest in the subject account or accounts.

  • Control Agreement is any control agreement entered into among the depository institution at which Borrower maintains a Deposit Account or the securities intermediary or commodity intermediary at which Borrower maintains a Securities Account or a Commodity Account, Borrower, and Bank pursuant to which Bank obtains control (within the meaning of the Code) over such Deposit Account, Securities Account, or Commodity Account.

  • Control Agreements means, collectively, the Deposit Account Control Agreement, the Securities Account Control Agreement and the Commodity Account Control Agreement.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • Commodity Account Control Agreement means a control agreement in a form that is reasonably satisfactory to the Collateral Agent establishing the Collateral Agent’s Control with respect to any Commodity Account.

  • 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, or (as the case may be) apply any value distributed on account of any commodity contract as directed by Agent, in each case, without the further consent of such Borrower or Guarantor and including such other terms and conditions as Agent may require.