USD Collateral Account definition

USD Collateral Account means a segregated non-interest bearing trust account in U.S. dollars, in the name of the Issuer (or, at the option of the Parent Guarantor, any Obligor) and under the sole dominion and control of the U.S. Collateral Agent into which amounts from the Collection Accounts are to be transferred on each Post-Default Distribution Date when a Remedies Direction has been given and remains in effect.
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USD Collateral Account means a segregated non-interest bearing account in U.S. dollars, in the name of the Issuer (or, at the option of the Parent Guarantor, any Obligor) and under the sole dominion and control of the U.S. Collateral Agent into which (i) amounts from the Collection Accounts are to be transferred in accordance with the Intercreditor Agreement if a Remedies Direction has been given and remains in effect and (ii) net proceeds of a TAP Bond Event are deposited in accordance with the requirements of the First Out Notes Indenture and the Superpriority Notes Indenture.
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USD Collateral Account. ’ means account number 1660558400 ‘‘BNY New York as Trustee for RICF SA/ROSBANK USD Collateral A/C’’ established pursuant to the Agency Agreement.
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Examples of USD Collateral Account in a sentence

  • The Brazilian Collateral Agent shall rely on such information to calculate the USD Pro Rata Share, the BRL Pro Rata Share and the amounts payable under the Post-Default Waterfalls, and shall instruct the Account Banks to make allocations to the USD Collateral Account and the BRL Collateral Account in accordance therewith.

  • The amount to be distributed from the BRL Collateral Account to the USD Collateral Account will first be converted into U.S. dollars at the Currency Conversion Rate.

  • Any proceeds of a Remedies Action, and any proceeds from the enforcement of guarantees in respect of any Series of Secured Debt (including guarantees of the New First Out Notes), will also be deposited to the BRL Collateral Account; provided that if any such proceeds are received in U.S. dollars they may be deposited to the USD Collateral Account pending allocation in accordance with the USD Pro Rata Share and the BRL Pro Rata Share to the Secured Obligations pursuant to the following paragraphs).

  • The amount to be distributed by the Account Bank to the USD Collateral Account will first be converted into U.S. dollars at the Currency Conversion Rate.

  • Any proceeds of a Remedies Action, and any proceeds from the enforcement of guarantees in respect of any Series of Secured Debt, will also be deposited to the BRL Collateral Account; provided that if any such proceeds are received in U.S. dollars they may be deposited to the USD Collateral Account pending allocation in accordance with the USD Pro Rata Share and the BRL Pro Rata Share to the Secured Obligations pursuant to the following paragraphs).