UBS Account definition
Examples of UBS Account in a sentence
Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts (other than Excluded Accounts), or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement (provided that the UBS Account Control Agreement may be delivered within 5 Business Days of the Closing Date).
Until such time the Borrowers deliver a Control Agreement, in form and substance reasonably satisfactory to the Administrative Agent, duly executed by the applicable Borrower(s), the Administrative Agent and UBS Financial Services, Inc., with respect to the UBS Account, the Borrowers will not at any time maintain any funds in the UBS Account.
NorthWestern Growth Corporation UBS Cash collateral held in UBS Account CP-29119-16 securing NorthWestern Growth Corporation’s obligations in respect of the Letters of Credit issued for its account and described in Item F of Schedule 6.10.
In the event that the bid opening date is changed, the deadline for informational requests may also change as provided in an addendum issued by the City.
Each of the Parties agrees that notice or the service of process in any action or proceeding arising out of or relating to this Agreement shall be properly served or delivered if delivered in the manner contemplated by Section 10.1.
Each of the Borrower and Holdings shall cause the UBS Account to be subject to a control agreement pursuant to which the Administrative Agent shall have “control” (as such term is used in the UCC) over the UBS Account and which is otherwise in form and substance satisfactory to the Administrative Agent, on or prior to the date that is 10 days after the Closing Date.
Each of the Borrower and Holdings shall cause the UBS Account to be subject to a control agreement pursuant to which the Collateral Agent shall have “control” (as used in the UCC) over the UBS Account and which is otherwise in form and substance satisfactory to the Administrative Agent, on or prior to the date that is 10 days after the Closing Date.
Without limiting the generality of the foregoing or any other provision of this Agreement, Buyer may withdraw and retain from the UBS Account any Upfront Fee or Facility Exit Fee due and owing to Buyer.