Zenith Collection Account definition

Zenith Collection Account means the account opened in the name of the Borrower with Zenith Bank under number 5050010111. "Zenith Amendment Agreement" means the agreement dated 3 August 2016 documenting various amendments to the Zenith Facility Agreement. "Zenith Debt Service Amount" means, in respect of a Financial Quarter, the scheduled debt service payment for that Financial Quarter set out in the Zenith Repayment Schedule, as may be required to be updated from time to time. "Zenith Facility Acceleration Event" means, Zenith Bank exercising any of its rights under clause 17 (Events of Default) of the Zenith Facility Agreement and declaring any amounts outstanding under the Zenith Facility Agreement and interest accrued thereon and any other monies payable to be immediately due and payable. "Zenith Facility Agreement" means the term facility agreement dated 30 December 2014 entered into between, inter alia, the Company and Zenith Bank, as amended by the Zenith Amendment Agreement, in the form existing as at the date of this Deed. "Zenith Finance Documents" means the Zenith Security Agreements, the Zenith Facility Agreement, the Zenith Hedging Agreement and the Zenith Amendment Agreement. "Zenith Hedging Agreement" means the commodity hedging agreement between Zenith Bank and the Company and any amendments thereto, in each case consented to by the PXF Facility Agent. "Zenith Repayment Schedule" means the repayment schedule relating to the Zenith Finance Documents as at the date of this Deed and as set out in Schedule 4 (Zenith Repayment Schedule). "Zenith Security Agreements" means the security agreements listed in Schedule 2 (Security Agreements) as the Zenith security agreements.
Sample 1
Zenith Collection Account means the account opened in the name of the Borrower with Zenith Bank under number 5050010111.
Sample 1

Examples of Zenith Collection Account in a sentence

  • Subject to Clause 6.2 (Payments prior to enforcement), the Creditors acknowledge and agree that the Company shall ensure that all Export Proceeds are credited in USD to the 07/13077045_9 7 Zenith Collection Account, pursuant to the terms of this Deed, for immediate further transfer in accordance with Clause 6.2 (Payments prior to enforcement) herein.

Related to Zenith Collection Account

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Collection Accounts As defined in Section 3.10(a).

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Finance Charge Account is defined in Section 4.9(a).

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.