Secured Treasury Services Agreement definition

Secured Treasury Services Agreement means a Treasury Services Agreement between a Hedge Bank and Borrower and or a Subsidiary.
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Secured Treasury Services Agreement means each Treasury Services Agreement entered into by the Borrower or any Subsidiary Guarantor after the date hereof which requires that the obligations of such Person be secured by a Lien on the Collateral; provided that, with respect to each Secured Treasury Services Agreement, the Treasury Services Provider party thereto shall have executed and delivered to the Collateral Trustee an Accession Agreement pursuant to which such Treasury Services Provider has become a party to this Agreement and has agreed to be bound by the obligations of a Secured Party under the terms hereof.
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Secured Treasury Services Agreement or “Termination Payment”, in each case as such term applies to the then outstanding Obligations and/or Financing Documents or (2) cause any netting or setoff rights of an Eligible Commodity Hedging Counterparty under its Secured Commodity Hedge, an Interest Rate Hedge Bank under its Secured Interest Rate Hedge or a Treasury Services Provider under its Secured Treasury Services Agreement, in either case, to be prohibited hereunder, or (B) without the written consent of each Secured Party (or Secured Debt Representative on its behalf) whose then outstanding Financing Documents (or related outstanding Obligations) would be adversely affected thereby, (1) change the order of application of proceeds of Collateral and other payments set forth in Section 4.1 or any other provision setting forth a priority of payment in respect of the Obligations; (2) cause the Obligations owed under the Credit Agreement, any Secured Credit Facility, any Secured Treasury Services Agreement, any Secured Commodity Hedge or any Secured Interest Rate Hedge to cease to be secured by Liens on the Collateral on a pari passu basis with all other Obligations; (3) release all or substantially all of the Collateral or all or substantially all of the Subsidiary Guarantors from their respective Guaranties, except as expressly provided in (or permitted by) all of the Financing Documents then in effect (including Section 5.1); or (4) amend or otherwise modify this Section 5.2 in a manner that would materially and adversely affect such Secured Party.
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Examples of Secured Treasury Services Agreement in a sentence

  • No Secured Treasury Services Agreement will create (or be deemed to create) in favor of any Treasury Services Provider that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any Guarantor under the Credit Documents except as expressly provided in Section 11.05(c)(v) of this Agreement and Section 7.3 of the Pledge and Security Agreement.

  • Any Loan may be continued from time to time, and any Secured Hedging Agreements and Secured Treasury Services Agreement may be entered into from time to time, in each case without notice to or authorization from any Guarantor regardless of the financial or other condition of the Borrower at the time of any such grant or continuation or at the time such Secured Hedging Agreements and Secured Treasury Services Agreement is entered into, as the case may be.

  • Any Credit Extension may be made to Borrower or continued from time to time and any Secured Hedge Agreement or any Secured Treasury Services Agreement may be entered into from time to time, in each case without notice to or authorization from any Guarantor regardless of the financial or other condition of Borrower at the time of any such grant or continuation or at the time such Secured Hedge Agreement or Secured Treasury Services Agreement is entered into, as the case may be.

  • The Secured Obligations of the Borrower or any of its Subsidiaries under any Secured Treasury Services Agreement shall be secured and guaranteed pursuant to the Collateral Documents only to the extent that, and for so long as, the Obligations are so secured and guaranteed.

  • The Secured Obligations of the Borrower or any of its Subsidiaries under any Secured Treasury Services Agreement shall be secured and guaranteed pursuant to the Collateral Documents only to the extent that, and for so long as, the other Obligations are so secured and guaranteed.

  • Each Lender and Issuing Bank, by its acceptance of the benefits of the Collateral and Guarantees under the Credit Documents, each Hedge Bank party to a Secured Hedging Agreement and each Treasury Services Provider party to a Secured Treasury Services Agreement hereby authorizes any Other Collateral Agent appointed as a Co-Collateral Agent in accordance with Section 9.7(c) to act as a Co-Collateral Agent in accordance with the terms hereof and the other Credit Documents.

  • Any Loan may be continued from time to time, and any Secured Hedging Agreements and Secured Treasury Services Agreement may be entered into from time to time, in each case without notice to or authorization from any Guarantor regardless of the financial or other condition of the Borrower at the time of any such grant or continuation or at the time such Secured Hedging Agreement or Secured Treasury Services Agreement is entered into, as the case may be.

  • Second, the Ministryof Education should provide regular in-service trainings to head teachers and subject heads on classroom observations and portfolio supervision.

  • An electronic copy (PDF and Word) of the final report will be submitted to Caltrans and City.

  • No person shall have any voting rights under any Credit Document solely as a result of the existence of Secured Obligations owed to it under any such Secured Hedging Agreement or Secured Treasury Services Agreement.


More Definitions of Secured Treasury Services Agreement

Secured Treasury Services Agreement means any agreement between a Macerich Entity and a Specified Counterparty relating to treasury, depository, credit card, debit card and cash management services or automated clearinghouse transfer of funds or any similar services.
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Secured Treasury Services Agreement means any Treasury Services Agreement that (a) has been entered into with a Secured Treasury Services Creditor, (b) has been approved in writing by the Borrower as being a “Secured Treasury Services Agreement” hereunder and (c) is expressly identified as being a “Secured Treasury Services Agreement” hereunder in a joint written notice from the Borrower and such Secured Treasury Services Creditor delivered to the Administrative Agent reasonably promptly after the execution of such Treasury Services Agreement (it being understood (i) that any such notice may specify the aggregate amount of obligations under the respective Secured Treasury Services Agreement that is entitled to be secured by the Collateral under the Loan Documents and treated as Obligations hereunder and thereunder and (ii) to the extent that any such notice does not specify such a limit, then, unless otherwise approved in writing by the Borrower, no more than $10,000,000 in the aggregate of all obligations under all Secured Treasury Services Agreements shall be entitled to be secured on a ratable basis by the Collateral under the Loan Documents and treated as Obligations hereunder and thereunder).
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Secured Treasury Services Agreement means any Treasury Services Agreement that is entered into by and between any Credit Party and any Treasury Services Provider, or any Guaranty by any Credit Party of any Treasury Services Agreement entered into by and between any Credit Party and any Treasury Services Provider, to the extent that any such Treasury Services Agreement or such Guaranty, as applicable, that is entered into after the Closing Date is designated in writing by the Borrower to the Administrative Agent as a Secured Treasury Services Agreement (it being understood and agreed that any such Treasury Services Agreements existing on the Closing Date shall constitute Secured Treasury Services Agreements for purposes of this Agreement); provided that in no event shall any Treasury Services Agreement constitute a “Secured Treasury Services Agreement” under the Credit Documents if such Treasury Services Provider secures such Treasury Services Agreement under the Term Loan Security Agreement.
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Secured Treasury Services Agreement means a Treasury Services Agreement between a Hedge Bank and Borrower and or a Subsidiary. “ Securities Act ” means the Securities Act of 1933, as amended.
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Secured Treasury Services Agreement means any Treasury Services Agreement that is entered into by and between any Credit Party and any Treasury Services Provider to the extent that (i) such Treasury Services Agreement is designated in writing by the Borrower to the Administrative Agent as a Secured Treasury Services Agreement and (ii) the Borrower has delivered substantially final copies (excluding fee information) of such Treasury Services Agreement to the Administrative Agent promptly upon entry into such Treasury Services Agreement by the applicable Credit Party party thereto; provided that in no event shall any Treasury Services Agreement constitute a “Secured Treasury Services Agreement” under the Credit Documents if such Treasury Services Provider secures such Treasury Services Agreement under the ABL Security Agreement.
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Related to Secured Treasury Services Agreement

  • Treasury Services Agreement means any agreement relating to treasury, depositary and cash management services or automated clearinghouse transfer of funds.

  • Secured Treasury Management Agreement means any Treasury Management Agreement between any Loan Party and any Treasury Management Bank; provided, that for any of the foregoing to be included as a “Secured Treasury Management Agreement” on any date of determination by the Administrative Agent, the applicable Treasury Management Bank (other than the Administrative Agent or an Affiliate of the Administrative Agent) must have delivered a Secured Party Designation Notice to the Administrative Agent prior to such date of determination.

  • Banking Services Agreement means any agreement entered into by the Borrower or any Subsidiary in connection with Banking Services.

  • Master Services Agreement means the master services agreement dated as of the date hereof, among the Service Providers, the Partnership, the Holding LP, the Holding Entities and others;

  • Bank Services Agreement is defined in the definition of Bank Services.

  • Management Services Agreement has the meaning set forth in Section 2.1(d).

  • Management Services Agreements means an agreement, however styled, between (a) the Issuer or a Guarantor, on the one hand, and (b) a PC Entity, on the other hand, pursuant to which the Issuer or a Guarantor provides management services or similar services to such PC Entity. All references to Management Services Agreements shall also include all such related documents necessary to ensure that each relationship with each PC Entity meets the PC Entity Requirements.

  • Services Agreements means the Outsourcing Master Services Agreements between MBL and MGL dated November 15, 2007, and between the Non-Banking Holdco and MGL dated December 10, 2007, and any supplements or amendments thereto;

  • Banking Product Obligations means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person in respect of any treasury, depository and cash management services, netting services and automated clearing house transfers of funds services, including obligations for the payment of fees, interest, charges, expenses, attorneys’ fees and disbursements in connection therewith.

  • Transition Services Agreements means any agreements that receive the prior approval of the Commission between Respondents and an Acquirer to provide, at the option of the Acquirer, Transition Services (or training for an Acquirer to provide services for itself), necessary to transfer the Retail Fuel Assets to the Acquirer and to operate the Retail Fuel Outlet Businesses in a manner consistent with the purposes of this Order.

  • Treasury Management Agreement means any agreement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • Transition Services Agreement means the transition services agreement substantially in the form attached hereto as Exhibit B.

  • Contract Obligations means all contractual obligations of a Pledgor under the Call Option Agreement and Proxy Agreement; all contractual obligations of a Target Company under the Exclusive Service Agreement, Call Option Agreement, Proxy Agreement; and all contractual obligations of a Pledgor under this Agreement.

  • Regulatory Services Agreement means the agreement between BSEF and the Regulatory Services Provider whereby the Regulatory Services Provider provides market surveillance and trade practice surveillance functions as well as other compliance related services to the SEF operated by BSEF.

  • Banking Services Provider means any Lender (other than a Defaulting Lender) or Affiliate of a Lender (other than a Defaulting Lender) that provides Banking Services to any Credit Party.

  • Corporate Services Agreement means the Corporate Services Agreement dated as of the date hereof between the Borrower and the Services Provider, as amended from time to time in accordance with the terms hereof and thereof.

  • Administrative Services Agreement has the meaning set forth in Section 2.1(d).

  • Mobile Banking Service means the EB Services which we enable you to access via the Mobile Banking App or a web browser designed for use on a Mobile Device; and

  • Banking Services Obligations means any and all obligations of the Borrower or any Subsidiary, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services.

  • Banking Services means each and any of the following bank services provided to the Borrower or any Subsidiary by any Lender or any of its Affiliates: (a) credit cards for commercial customers (including, without limitation, commercial credit cards and purchasing cards), (b) stored value cards and (c) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate depository network services).

  • Treasury Management Obligations means, collectively, all obligations and other liabilities of any Loan Parties pursuant to any agreements governing the provision to such Loan Parties of treasury or cash management services, including deposit accounts, funds transfer, automated clearing house, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services.

  • Services Agreement means an agreement entered into between a Utility and one or more Affiliates for the provision of Shared Services or For Profit Affiliate Services and shall provide for the following matters as appropriate in the circumstances:

  • Transitional Services Agreement shall have the meaning ascribed in Section 6.12.

  • Bank Products Agreement any agreement pursuant to which a bank or other financial institution agrees to provide treasury or cash management services (including, without limitation, controlled disbursements, automated clearinghouse transactions, return items, netting, overdrafts and interstate depository network services).

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Technical Services Agreement means the Technical Services Agreement between Sabine Pass Liquefaction, LLC and Contractor, dated May 3, 2013 and any amendments thereto.