Retention Accounts definition

Retention Accounts means any or all of them;

Retention Accounts means the bank accounts opened or to be opened in the name of each Collateral Owner with the Agent (or such other leading bank as may be requested by the Borrower and, subject to execution of an Accounts Charge in form and substance satisfactory to the Lenders, agreed to by the Agent (such agreement not to be unreasonably withheld)) and designated, when such Retention Account is held with the Agent, "[Name of Collateral Owner] - Retention Account" each a "Retention Account".

Retention Accounts means together the two bank accounts one to be opened by each of the Borrowers with the Account Bank and designated “Name of Borrower” – Retention Account and Retention Account means either of them.

Examples of Retention Accounts in a sentence

• Term loan is secured by way of charge on all movable properties pertaining to PY-1 Gas Project, the Company’s Participating Interest in PY-1 Field and on the PY-1 Trust and Retention Accounts.

• Upon the occurrence of a Change of Control, Benefits payable from the Deferral and Retention Accounts shall be distributed to the Participant within forty-five (45) days following the Change of Control.

• First pari passu charge on all the letters of credit, Trust and Retention Accounts, DSRAs and other reserves and any other bank accounts of the company wherever maintained for the project.

• Jain - Director of the Company.5(b) 400 MW Vishnuprayag HEP : Working Capital Loan is secured by second mortgage/ hypothecation and charge on all movable and immovable assets of 400 MW Vishnuprayag HEP (including all revenues, receipts, receivables and intangible properties) both present and future and second charge on bank accounts including Trust and Retention Accounts of 400 MW Vishnuprayag HEP.

• The Fund Commissioners, or Executive Committee (if any and as appropriate), shall by majority vote levy on the participating local units additional assessments (which majority vote shall be sufficient to bind all members thereto), whenever needed or when so ordered by the Commissioner, to supplement the Fund's Claim and/or Loss Retention Accounts or Administrative Accounts to assure the payment of the Fund's obligations.

More Definitions of Retention Accounts

Retention Accounts means interest bearing Dollar accounts of the Borrower opened or (as the context may require) to be opened by the Borrower with the Account Bank and includes any other account designated in writing by the Account Bank to be a Retention Account for the purposes of this Agreement and “Retention Account” means any of them;

Retention Accounts means the bank accounts to be opened in the name of each Borrower with the Account Holder and designated "STI MEMPHIS – Retention Account", "STI BATTERY – Retention Account", "STI SAPPHIRE – Retention Account" and "STI EMERALD – Retention Account".

Retention Accounts means the Retention Account and the Debt Service Retention Account.

Retention Accounts means the Retention Account and each Sub-Account, each as defined in the Retention Agreement.

Retention Accounts together the Retention A Account, the Retention B Account and the Retention C Account (and each a “Retention Account”)

Retention Accounts means the portion of an Eligible Account held by an account debtor pending its final acceptance of inventory sold to it by a Borrower.

Retention Accounts means the bank accounts to be opened in the name of each Borrower with the Account Holder and designated "STI MEMPHIS – Retention Account" and "STI BATTERY – Retention Account".