Note Collateral Account definition

Note Collateral Account means each deposit account or securities account established pursuant to the Senior Secured Notes Documents for purposes of holding Notes Priority Collateral (and no other amounts).
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Note Collateral Account shall have the same meaning as the term “Collateral Accounts” under the Note Security Agreement.
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Note Collateral Account means the Collateral Account as defined in the Note Purchase Agreement.
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Examples of Note Collateral Account in a sentence

  • All Proceeds while held by Trustee in the Note Collateral Account (or by Grantor in trust for Trustee and the Holders) shall continue to be held as collateral security for the Obligations and shall not constitute payment thereof until applied as provided in Section 8.11.

  • Subject to Section 4.6(b), the Note Collateral Agent shall pay over to the Bank Administrative Agent all remaining moneys and other property held by the Note Collateral Agent in the Note Collateral Account or received by the Note Collateral Agent with respect to the Note Priority Collateral on or prior to the first Business Day falling after the Note Obligations have been satisfied in full.

  • All proceeds of any Collateral received by Grantor consisting of cash, checks and other near-cash items (collectively, "Cash Proceeds") shall be held by Grantor in trust for Trustee, segregated from other funds of Grantor, and shall, forthwith upon receipt by Grantor be turned over to Trustee in the exact form received by Grantor (duly endorsed by Grantor to Trustee, if required) and held by Trustee in the Note Collateral Account, which shall be maintained under the sole dominion and control of Trustee.

  • To the extent that, by reason of the minimum drawdown requirements set out above, an Advance drawn down under the Loan Note Facility exceeds the then outstanding Loan Note Obligations, any excess shall be retained by the Primary Borrower and paid into the Loan Note Collateral Account which shall be a blocked account maintained by the Security Agent.

  • Any Advance drawn down under the Acquisition Facility or Interim Facility shall be drawn down by the Primary Borrower and paid into the Loan Note Collateral Account.

  • If a Loan Note Facility has not been established, the Primary Borrower may draw down on the Acquisition Facility or, if it has been drawn down in full the Interim Facility on the day before the relevant Available Commitment Termination Date to fund the Loan Note Collateral Account with sufficient funds to meet its actual or contingent Loan Note Obligations as at such date.

  • Issuer shall not make any payment in respect of any Preferred Interest on or after the Initial Valuation Date using Cash not held in the Note Collateral Account as of 8:00AM, New York City time, on the Initial Valuation Date.

  • The Collateral Agent and the Trustee shall not have any responsibility for determining whether Net Proceeds constitute Note Trust Monies or should otherwise be deposited in to the Note Collateral Account and shall be entitled to conclusively rely upon directions from the Company in respect of amounts on deposit in the Note Collateral Account.

  • On the Issue Date there shall be established and, at all times hereafter until this Indenture shall have terminated, there shall be maintained with the Trustee an account which shall be entitled the "Note Collateral Account" (the "Note Collateral Account").

  • Borrowers and Guarantors shall not maintain at any time any amounts on deposit in, or credited to, the Senior Note Collateral Account (as defined in the Intercreditor Agreement), other than any funds that constitute proceeds of Senior Note Collateral.


More Definitions of Note Collateral Account

Note Collateral Account means any account maintained by the Borrower or any other Credit Party with a financial institution pursuant to the provisions of the Note Security Documents and specifically designated by such Credit Party for deposit solely of proceeds of Note Collateral, the details of which account shall have been provided to the Loan Agent at the time of its opening or creation.
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Note Collateral Account means any Collateral Account (as defined in the Indenture as in effect as of the date hereof).
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Note Collateral Account means the collateral account established pursuant to Section 12.01.
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Related to Note Collateral Account

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

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

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • 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.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge 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.

  • Note Account As defined in the Indenture.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • 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.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • 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.

  • Cash Collateral Accounts shall have the meaning given to such term in Section 11.1 hereof.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Reallocated Collateral Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables applied in accordance with subsections 4.12(a) and (b) in an amount not to exceed the product of (a) the Collateral Allocation with respect to the Monthly Period relating to such Transfer Date and (b) the Investor Percentage with respect to the Monthly Period relating to such Transfer Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Transfer Date; provided, however, that such amount shall not exceed the Collateral Interest after giving effect to any Collateral Charge-Offs for such Transfer Date.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.