LC Proceeds Account definition

LC Proceeds Account means a non-interest bearing Renminbi account established in the name of the Trustee with the LC Proceeds Account Bank;
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LC Proceeds Account means a non-interest bearing U.S. dollar account established in the name of the Trustee with the LC Proceeds Account Bank;
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LC Proceeds Account means a non-interest-bearing U.S. dollar account established in the name of the Trustee with the LC Proceeds Account Bank and designated for the purposes specified above;
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Examples of LC Proceeds Account in a sentence

  • No representation or warranty, express or implied, is made or given by the Issuer, the Joint Lead Managers, the Trustee, the Agents, the LC Proceeds Account Bank, the Pre-funding Account Bank or any of their respective affiliates, employees or professional advisers as to the accuracy, completeness or sufficiency of such information.

  • None of the Issuer, the Joint Lead Managers, the Trustee, the Agents, the LC Proceeds Account Bank, the Pre-funding Account Bank or any of their respective affiliates, employees or professional advisers has independently verified such information.

  • Payment received by the Trustee in respect of the Demand will be deposited into the LC Proceeds Account.


More Definitions of LC Proceeds Account

LC Proceeds Account means a Singapore Dollar account established in the name of the Trustee with the LC Proceeds Account Bank;
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LC Proceeds Account means a non-interest bearing United States dollar account established in the name of the Bondholders with the LC Proceeds Account Bank;
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LC Proceeds Account means a non-interest bearing Renminbi account established in the name of the Trustee with the LC Proceeds Account Bank and such other accounts or sub-accounts as designated by the LC Proceeds Account Bank from time to time for such purpose;
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Related to LC Proceeds Account

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under its sole dominion and control.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).