M&T Account definition
M&T Account means an account of Grove U.S. L.L.C. held at M&T and identified in Schedule II to the Agreement.
M&T Account means an account of Grove U.S. L.L.C. held at M&T and identified in Schedule II to the Agreement. “ M&T Account Collections ” means Collections received in or deposited in the M&T Account.
M&T Account means a segregated account of MT Holdco for the benefit of the Trustee on behalf of the holders of the New Second Lien Notes, pledged to secure the New Second Lien Notes as provided above. Upon the maturity of the New Second Lien Notes or their earlier retirement, replacement or redemption in full, the proceeds held in the MT Account shall be released to the MT Guarantor Entities or their assignees for application in accordance with the provisions of Exhibit 4.
Examples of M&T Account in a sentence
Subject to the foregoing proviso, Borrowers shall not and shall not permit their Subsidiaries to establish or maintain any Deposit Account or Securities Account (other than (i) any Player’s Trust Account, (ii) any payroll account, (iii) to the extent Borrowers are in compliance with Section 3.3(c), any M&T Account, or (iv) any L/C Collateral Account) unless Agent shall have received a Control Agreement in respect of such Deposit Account or Securities Account.
Each order shall be submitted electronically to the MT Account Specialist identified as the Sophia account representative.
More Definitions of M&T Account
M&T Account means a segregated account of MT Holdco for the benefit of the Trustee on behalf of the holders of the New Second Lien Notes, pledged to secure the New Second Lien Notes as provided above. Upon the maturity of the New Second Lien Notes or their earlier retirement, replacement or redemption in full, the proceeds held in the MT Account shall be released to the MT Guarantor Entities or their assignees for application in accordance with the provisions of Exhibit 4. “MT Alternate Security” means any security that is acceptable in the sole discretion of holders of at least 66-2/3% of the outstanding New Second Lien Notes. “Qualified LCs” means one or more letters of credit issued by a reputable bank or trust company that is organized under the laws of the United States of America or any state thereof or any foreign country recognized by the United