Liquidation Account definition

Liquidation Account means that certain bank account numbered ▇▇▇-▇▇▇-▇ maintained at BMO ▇▇▇▇▇▇ Bank in Chicago, Illinois or such other account at such other bank approved by the Agent, with the Purchasers and their respective Purchaser Agents receiving notice that such account is maintained at such bank, in either case, which is in the name of “Liquidation Account, Bank of Montreal as Agent,” and pledged, on a first-priority basis, by the Seller to the Agent pursuant to Section 1.2(d).
Liquidation Account means the Co-operative Societies Liquidation Account established by rule 49;
Liquidation Account means that certain bank account numbered [*] and pledged, on a first-priority basis, by the Seller to the Agent pursuant to SECTION 1.2(d).

Examples of Liquidation Account in a sentence

  • In such transactions, the Liquidation Account shall be assumed by the surviving institution.

  • The Agent has established and will maintain in existence the Liquidation Account.

  • No funds other than those transferred in accordance with Section 1.4 shall be intentionally transferred into the Liquidation Account.

  • Neither the Seller nor the Servicer will deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Deposit Account, the Liquidation Account or the Cash Reserve Account cash or cash proceeds other than Collections of Pool Receivables.

  • The Agent shall hold, in its name, for the benefit of the Secured Parties, amounts on deposit in the Liquidation Account and the Cash Reserve Account.


More Definitions of Liquidation Account

Liquidation Account means the account established pursuant to Section 14.1 of the Plan.
Liquidation Account is defined in Section 6.1.
Liquidation Account means an account that represents the potential interest of
Liquidation Account means that certain bank account numbered 181-446-6 maintained at BMO Harris Bank in Chicago, Illinois or such other account at such other bank approved by the Agent, with the Purchasers and their respective Purchaser Agents receiving notice that such account is maintained at such bank, in either case, which is in the name of “Liquidation Account, Bank of Montreal as Agent,” and pledged, on a first-priority basis, by the Seller to the Agent pursuant to Section 1.2(d) .
Liquidation Account means: Account-
Liquidation Account has the meaning given in the Account Bank Agreement.
Liquidation Account means an Eligible Account maintained by the Collateral Agent which shall be held in the name of the Collateral Agent, and entitled the "GSLP Offshore Investment Fund A, L.P. Secured Parties Liquidation Account" established on the Issue Date until the Pledge Agreement shall terminate.