Pledged Deposits definition

Pledged Deposits means all time deposits of money (other than Deposit Accounts and Instruments), whether or not evidenced by certificates, which a Grantor may from time to time designate as pledged to the Administrative Agent or to any Secured Party as security for any Secured Obligations, and all rights to receive interest on said deposits.
Pledged Deposits means all time deposits of money (other than Deposit Accounts and Instruments), whether or not evidenced by certificates, which a Grantor may from time to time designate as pledged to the Administrative Agent or to any Holder of Secured Obligations as security for any Guaranteed Obligation, and all rights to receive interest on said deposits.
Pledged Deposits means the cash and investments in the Bond Proceeds Fund, the Construction Fund, the Operating Revenue Fund, the Operation and Maintenance Fund, the Debt Service Fund, the Reserve Fund, the Rebate Fund, the Renewal and Replacement Fund, the Payment Fund, the Surplus Fund and the Capital Recovery Fund.

Examples of Pledged Deposits in a sentence

  • To the extent Pledged Deposits constitute Deposit Accounts, each Grantor shall take all steps that may be required (including the obtaining and furnishing to the Lender appropriate account control agreements as required under Section 9-104 of the UCC) to grant "control" (as defined in Section 9-104 of the UCC) to the Lender.

  • So long as no Event of Default shall have occurred and no notice shall have been given by the the Collateral Agent or the Agent, each Grantor shall be entitled to receive, retain and use any and all interest or other distributions paid in respect of the Pledged Deposits.

  • You understand and agree in the event of default, the Credit Union may take the Pledged Deposits and apply them to your Account, not to exceed the unpaid balance of your Loan Type(s), plus applicable fees and charges.

  • Pledged Deposits shall be special purpose restricted accounts opened by the Company with the Bank or opened by the Bank for the account of Company pursuant to this Agreement, in which the Company has granted the Bank a security interest for the purposes of securing the Obligations, and in which the Bank has exclusive control and the sole right of withdrawal.

  • Each of the Pledged Deposits was duly authorized and validly issued, is fully paid and non-assessable, and was acquired from the issuer in a transaction in compliance with and either registered or exempt from registration under the Securities Act (as hereinafter defined) and other applicable laws.


More Definitions of Pledged Deposits

Pledged Deposits means all time deposits of money (other than Deposit Accounts and Instruments), whether or not evidenced by certificates, which any Credit Party may from time to time designate as pledged to the Agent or to any Lender as security for any Obligation, and all rights to receive interest on said deposits.
Pledged Deposits means all time deposits of money (other than Deposit Accounts and Instruments), whether or not evidenced by certificates, which a Grantor may from time to time designate as pledged to the Collateral Agent or to any Roto-Rooter Creditor as security for any Obligation, and all rights to receive interest on said deposits.
Pledged Deposits means all time deposits of money (other than Deposit Accounts and Instruments), whether or not evidenced by
Pledged Deposits means all deposits of money, whether or not evidenced by certificates, with any lender rights to receive interest on such deposits and all other sums credited by or due from third parties with respect thereto.
Pledged Deposits means the deposit securing bank guarantee and subject to a fixed charge in favor of Bank Hapoalim Ltd.: deposit in the amount of USD 76,869 (registered as charge number 7 at the Registrar of Companies).
Pledged Deposits means all rights and interests of the Pledgor, including all rights which the Pledgor may have against the Pledgee under the Deposit Instrument to demand and to receive payments together with all interest accrued thereon.
Pledged Deposits means all time deposits of money (other than Deposit Accounts and Instruments), whether or not evidenced by certificates, which a Grantor may from time to time designate as pledged to the Administrative Agent or to any Holder of Secured Obligations as security for any Guaranteed Obligation, and all rights to receive interest on said deposits. “Pledged Equity” means, with respect to any Grantor, the shares of Capital Stock of each issuer identified in Exhibit C under the name of such Grantor and all other shares of Capital Stock of whatever class of each such issuer, now or hereafter owned by such Grantor, and all certificates evidencing the same, and shall include, without limitation, the Applicable Pledge Percentage of the Capital Stock of each Pledge Subsidiary of such Grantor. 4