Minimum Liquidity Account definition

Minimum Liquidity Account means an account in the name of the Borrower with the Account Bank designated “Lefkada Shipping Corporation – Minimum Liquidity Account”, or any other account (with that or another office of the Account Bank) which replaces such account and is designated by the Agent as the Minimum Liquidity Account for the purposes of this Agreement;

Minimum Liquidity Account has the meaning ascribed thereto in the Facility Agreement.

Minimum Liquidity Account has the meaning set forth in Section 10.01.

Examples of Minimum Liquidity Account in a sentence

• These amounts exclude the transfer to the Pool Leader of the approximately $50 million in the SSCF Minimum Liquidity Account, which the Debtors will seek to transfer pursuant to a final order of the Court.

• During the Security Period no sum may be withdrawn by the Borrower from the Minimum Liquidity Account or the Retention Account (other than interest pursuant to Clause 18.6, provided that no Event of Default or Potential Event of Default has occurred which is continuing), without the prior written consent of the Agent.

• To the knowledge of Seller and Seller Parent, neither Holdco nor any Company engages in any business activities or conducts any operations, nor has Holdco or any Company previously engaged in any business activities or conducted any operations, other than those business activities and operations expressly contemplated by this Agreement in connection with the Vessels, the Debt Service Reserve Account, the Minimum Liquidity Account and the Existing Contracts.

• The Debtors will not seek to transfer the balance in the SSCF Minimum Liquidity Account prior to the hearing on the Final Order.

• Notwithstanding anything contained in the Loan Documents to the contrary, upon the occurrence and during the continuance of an Event of Default Lender may apply amounts held in the Minimum Liquidity Account to the Obligations at such times and in such amounts as Lender shall from time to time determine in its sole and absolute discretion.

More Definitions of Minimum Liquidity Account

Minimum Liquidity Account means the account listed as the “Minimum Liquidity Account” in the Account Pledge Agreement (as updated from time to time).

Minimum Liquidity Account means the account in the name of the Borrower with the Agent in Hamburg designated “Capital Product Partners L.P. – Minimum Liquidity Account”, or any other account (with that or another office of the Agent) which replaces such account and is designated by the Agent as the Minimum Liquidity Account for the purposes of this Agreement.

Minimum Liquidity Account means, in relation to each Borrower:

Minimum Liquidity Account means an account in the joint names of the Borrowers with the Agent in Hamburg designated "Star Challenger 1 LLC and Star Challenger II LLC —Minimum Liquidity Account", or any other account (with that or another office of the Agent which is designated by the Agent as the Minimum Liquidity Account for the purposes of this Agreement;

Minimum Liquidity Account means an account in the name of the Lender with the Minimum Liquidity Account Bank: Account bank: Bank account no.: Swift code:

Minimum Liquidity Account means an account in the name of the Holding Company with the Account Bank in Athens designated “Quintana Maritime Limited — Minimum Liquidity Account” or any other account (with that or another office of the Account Bank) which is designated by the Agent as the Minimum Liquidity Account for the purposes of this Agreement;

Minimum Liquidity Account shall have the meaning given such term in Section 6.19.