Examples of Pledged Account Bank in a sentence
In addition, the Administrative Agent shall have the right at any time to exchange, or direct the applicable Pledged Account Bank to exchange, such Cash Equivalents for similar Cash Equivalents of smaller or larger determinations, or for other Cash Equivalents, credited to the Collateral Account or the L/C Collateral Account, as the case may be.
In addition, the Collateral Agent shall have the right at any time to exchange, or direct the applicable Pledged Account Bank to exchange, such Cash Equivalents for similar Cash Equivalents of smaller or larger determinations, or for other Cash Equivalents, credited to the L/C Collateral Account.
Ch a n dl er , III (President, National Intellectual Property Law Institute, NIPLI; The Chandler Law Firm Chartered; adv isor to Asst.
So long as no Triggering Event shall have occurred and be continuing, the Grantors shall have the sole and exclusive right to direct the applicable Pledged Account Bank to pay and release, to the applicable Grantor or at its order or, at the request of such Grantor, to the Administrative Agent to be applied to the Obligations of the Grantors under the Loan Documents, such amount, if any, as is then on deposit in the Collateral Account and the Pledged Deposit Accounts.
Very truly yours, [NAME OF ADDITIONAL GRANTOR] By_______________________________ Title: Address for notices: _______________________ _______________________ _______________________ Exhibit B FORM OF PLEDGED ACCOUNT LETTER _______________, 19__ [Name and address of Pledged Account Bank] ICG Equipment, Inc.