Definition of PP&E Proceeds Account

  1. PP&E Proceeds Account means a segregated and blocked account maintained by an Obligor to hold certain proceeds of Collateral (as contemplated by and for the purposes set forth in this Indenture and subject to the terms of the PP&E Proceeds Account Control Agreement), and which account and the funds contained therein constitute Collateral, together with any replacement or similar account created to serve such purpose.

Examples of PP&E Proceeds Account in a sentence

  1. After giving effect to such Acquisition, the sum of (A) cash on hand in Dominion Accounts (other than the PP&E Proceeds Account) plus (B) Availability shall be greater than $45 million;

Definition of PP&E Proceeds Account in Senior Secured Note

PP&E Proceeds Account means a segregated and blocked account maintained by an Obligor to hold certain proceeds of Collateral (as contemplated by and for the purposes set forth in this Indenture and subject to the terms of the PP&E Proceeds Account Control Agreement), and which account and the funds contained therein constitute Collateral, together with any replacement or similar account created to serve such purpose.