Pledged Collateral Account definition

Pledged Collateral Account. As defined in Section 2(d).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Pledged Collateral Account means Account No. 212740751 titled “Ionis Gazelle-SIDEF” at Intermediary, which is the Securities Account maintained by Intermediary in the name of Lender.

Pledged Collateral Account means Account No. ________ titled "(__________________) Defeasance" at Intermediary, which is the Securities Account maintained by Intermediary in the name of Lender to which the Securities have been credited.

Examples of Pledged Collateral Account in a sentence

Concurrent to this Agreement, the Borrowers shall execute certain Pledged Collateral Account Control Agreement, the form of which is attached hereto as Exhibit A, and deposit the Pledged Shares in the Pledged Collateral Account at Merrill Lynch.
Page 1 | Pledged Collateral Account Control Agreement Code 1226 - 1109 ================================================================================ PLEDGED COLLATERAL ACCOUNT CONTROL AGREEMENT Account Number (Internal Use Only) [_][_][_] - [_][_][_][_][_] ================================================================================ instructions to transfer assets directly to, or into an account in the name of, Creditor), without further consent by Client.
Use Exhibit A to list the assets to be transferred into the Merrill Lynch Pledged Collateral Account.
So long as no Event of Default shall have occurred and be continuing, all distributions, cash, interest, earnings, return of capital or other payments made in respect of the Pledged Collateral shall be deposited in the Pledged Collateral Account and utilized in accordance with the provisions of the Defeasance Documents (which utilization shall include, without limitation, the payment of scheduled installments due under the Note and the final payment on the Maturity Date).
Parent shall execute a Merrill Lynch Pledged Collateral Account Control Agreement in a form s▇▇▇▇▇▇▇i▇▇▇▇ similar to that attached hereto as Exhibit D, if and when required under the Option Agreement (FDI/Schafir) executed the same date hereof.
Pledgor hereby agrees that Intermediary is the Securities Intermediary at which the Securities Account of Pledgee and the Pledged Collateral Account are maintained.
The Pledged Collateral Account shall at all times be maintained as a segregated Eligible Account.
Simultaneously with the execution and delivery of this Agreement, Debtor, Creditor and Intermediary have executed and delivered the that certain Pledged Collateral Account Control Agreement of even date herewith (the “Control Agreement”) for the purpose of providing Creditor with control of the Account and Stock and perfecting the security interest granted by Debtor to Creditor herein.
Proceeds of the Pledged Collateral, and interest and earnings thereon, shall be credited to and held in the Pledged Collateral Account, and shall be re-invested only in accordance with this Agreement.
All shares of the Common Stock shall be held and maintained in the Brokerage Account subject to the terms and security interest of this Agreement and the Pledged Collateral Account Agreement executed and delivered by the parties in the form attached hereto (the "Broker's Agreement").

More Definitions of Pledged Collateral Account

Pledged Collateral Account means that account pledged as collateral security pursuant to that Pledge Agreement (Pledged Collateral Account), dated as of the Restatement Effective Date, executed by Arch Western, as the same may be supplemented, amended, restated, replaced, or modified from time to time, pursuant to the Arch Western Credit Facility. PNC Bank shall mean PNC Bank, National Association, its successors and assigns. Port Bond shall mean collectively, those certain Coal Terminal Revenue Refunding Bonds (Dominion Terminal Associates Project), Series 1987-A, B, C and D Bonds issued by Peninsula Ports Authority of Virginia, a political subdivision of the Commonwealth of Virginia, in the face amount of $23,240,000, together with any renewals thereof or replacements therefor so long as the face amount thereof is not in excess of $23,240,000. Potential Default shall mean any event or condition which with notice, passage of time or a determination by the Administrative Agent or the Required Banks, or any combination of the foregoing, would constitute an Event of Default. Principal Office shall mean the main banking office of the Administrative Agent in Pittsburgh, Pennsylvania.

Pledged Collateral Account shall have the meaning set forth in the Security Agreement.