Collateral Account Agreements Sample Clauses

Collateral Account Agreements. Administrative Agent shall have received a fully executed Collateral Account Agreement in substantially the form of Exhibit 1.1(d) attached hereto (each together with such modifications thereto as may be agreeable to Administrative Agent, a “Collateral Account Agreement”) shall have been entered into with respect to each of the Deposit Accounts referenced in Schedule 6.21(f).
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Collateral Account Agreements. No Borrower shall, nor shall it permit any Credit Party to, establish or utilize any domestic Deposit Account, unless a fully executed Collateral Account Agreement shall be in full force and effect with respect thereto, except with respect to one or more Deposit Accounts maintained at financial institutions with which no Collateral Account Agreement shall have previously been entered into with account balances of any such accounts not to at any time exceed $100,000 and the aggregate of all such accounts not at any time to exceed $500,000, except in the case of IRIC, with respect to insurance proceeds which may be disbursed and held in accordance with the procedures set forth on Schedule 8.15(a). Except as set forth on Schedule 8.15(b), at no time shall the Dollar Equivalent of the aggregate balances in all accounts maintained by the Borrowers and their Restricted Subsidiaries outside the USA exceed $1,000,000.
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Collateral Account Agreements. Administrative Agent shall have received a fully executed Collateral Account Agreement in substantially the form of EXHIBIT 1.1(d) attached hereto (each together with such modifications thereto as may be agreeable to Administrative Agent, a "COLLATERAL ACCOUNT AGREEMENT") shall have been entered into with respect to each of the Deposit Accounts referenced in SCHEDULE 6.21(f).
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Collateral Account Agreements. No Borrower shall, nor shall it permit any Credit Party to, establish or utilize any domestic Deposit Account, unless a fully executed Collateral Account Agreement shall be in full force and effect with respect thereto, except with respect to one or more Deposit Accounts maintained at financial institutions with which no Collateral Account Agreement shall have previously been entered into with account balances of any such accounts not to at any time exceed $100,000 and the aggregate of all such accounts not at any time to exceed $500,000, except in the case of IRIC, with respect to insurance proceeds which may be disbursed and held in accordance with the procedures set forth on SCHEDULE 8.17(a). Except as set forth on SCHEDULE 8.17(b), at no time shall the Dollar Equivalent of the aggregate balances in all accounts maintained by the Borrowers and their Restricted Subsidiaries outside the USA exceed $500,000.
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Collateral Account Agreements. (a) As more particularly described in (and subject to the provisions of) the US Collateral Account Agreement, (i) the Sales Deposit Account shall be a “securities account” within the meaning of the New York Uniform Commercial Code established in the name of Cotai Subsidiary; (ii) each other Account located in New York (including, without limitation, the Term Loans Disbursement Account and each Term Loans Disbursement Sub-Account, the Company Equity Account, the Supplemental Equity Contribution Account and the Interest Escrow Account) shall be a “securities account” within the meaning of the New York Uniform Commercial Code established in the name of the Borrower; (iii) the Borrower or Cotai Subsidiary, as applicable, shall grant the Collateral Agent a valid, first priority, security interest over each such Account and each sub-account thereof (and all sums and securities deposited therein or credited thereto); (iv) the Financial Institution shall waive its right of set-off with respect to amounts held therein (unless and to the extent the Bank Agent agrees otherwise in its sole discretion); (v) the Financial Institution shall agree to follow the instructions of the Bank Agent and, subject to Section 2.4.2(b), the Disbursement Agent, with respect to withdrawals from each such Account and each sub-account thereof; and (vi) if the Disbursement Agent, the Collateral Agent or the Bank Agent shall have notified the Financial Institution in writing that an Event of Default has occurred or an Enforcement Notice has been issued, then until such notification shall have been rescinded in writing by the applicable party, the Financial Institution shall act only on instructions from the Collateral Agent and shall, if so instructed to, block further withdrawals from such Account. The Company shall take such further actions and execute such further documents in connection therewith as the Bank Agent, the Disbursement Agent or the Collateral Agent may reasonably request in order to create and, to the extent relevant under the applicable law, perfect or maintain the perfection or priority, to the greatest extent reasonably practicable, of the Lien of the Secured Parties in each such Account.
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Collateral Account Agreements. The Disbursement Agent shall not amend or modify any of the Collateral Account Agreements unless it has been instructed to do so by the Collateral Agent (acting pursuant to the Collateral Agency Agreement).
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Collateral Account Agreements. Delivery to the Collateral Agent of (a) an executed US Collateral Account Agreement, dated on or before the Initial Borrowing Date, duly executed and delivered by an Authorized Officer of each Loan Party, which shall be stamped and, as and to the extent required by the Gaming Sub-Concession Contract, delivered to the government of Macau SAR, (b) executed Macao Collateral Account Agreements, dated on or before the Initial Borrowing Date, duly executed and delivered by an Authorized Officer of each Loan Party, which shall have been notarized and stamped, and (c) an executed Hong Kong Collateral Account Agreement, dated on or before the Initial Borrowing Date, duly executed and delivered by an Authorized Officer of each Loan Party, which shall be stamped, in each case in full force and effect granting the Collateral Agent a first priority security interest in the Accounts and the amounts from time to time on deposit therein. All actions necessary or desirable, including all filings, in the reasonable opinion of the Administrative Agent to create and, to the extent relevant under the applicable law governing each Collateral Account Agreement, perfect the security interests granted therein as a valid security interest over the Accounts having the priority contemplated therefor by this Agreement, and the Collateral Account Agreements shall have been completed;
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Collateral Account Agreements. Delivery to the Collateral Agent of (a) an executed US Collateral Account Agreement, dated on or before the Closing Date, duly executed and delivered by an Authorized Officer of each Loan Party, which shall be stamped and delivered to the government of Macau SAR in accordance with the requirements of the Gaming Sub-Concession Contract, (b) executed Macao Collateral Account Agreements, dated on or before the Closing Date, duly executed and delivered by an Authorized Officer of each Loan Party, which shall have been notarized, stamped and in appropriate form for filing with the government of Macau SAR, and (c) an executed Hong Kong Collateral Account Agreement, dated on or before the Closing Date, duly executed and delivered by an Authorized Officer of each Loan Party, which shall be stamped and delivered to the government of Macau SAR in accordance with the requirements of the Gaming Sub-Concession Contract, in each case in full force and effect granting the Collateral Agent a first priority security interest in the Accounts and the amounts from time to time on deposit therein. All actions necessary or desirable, 105 including all filings, in the reasonable opinion of the Administrative Agent to create and, to the extent relevant under the applicable law governing each Collateral Account Agreement, perfect the security interests granted therein as a valid security interest over the Accounts having the priority contemplated therefor by this Agreement, and the Collateral Account Agreements shall have been completed;
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Related to Collateral Account Agreements

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

  • Deposit Account Control Agreements the Deposit Account control agreements to be executed by each institution maintaining a Deposit Account for an Obligor, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations.

  • Collateral Account Party B shall open and maintain a segregated account, which shall be an Eligible Account, and hold, record and identify all Posted Collateral in such segregated account.

  • Deposit Account Control Agreement control agreement satisfactory to Agent executed by an institution maintaining a Deposit Account for an Obligor, to perfect Agent’s Lien on such account.

  • Collateral Account and Security Interest At any time when Fund’s assets are below $15 million, the Advisor, for value received, hereby pledges, assigns, sets over and grants to the Trust a continuing security interest in and to an account to be established and maintained by the Advisor with the Securities Intermediary and designated as a collateral account (the “Collateral Account”), including any replacement account established with any successor, together with all dividends, interest, stock-splits, distributions, profits and all cash and non-cash proceeds thereof and any and all other rights as may now or hereafter derive or accrue therefrom (collectively, the “Collateral”) to secure the payment of any required Fund Reimbursement Payment or Liquidation Expenses (as defined in Paragraph 5 of this Agreement). For so long as this Agreement is in effect, any transfers or conveyances of Collateral to any party shall require the approval of the Board of Trustees of the Trust (the “Board”), except as specified in Section 7(a)(ii) of this Agreement, below. In addition, the Trust will not issue entitlement orders, redeem or otherwise take any action with respect to the Collateral or Collateral Account unless a Collateral Event (defined below under Section 5 of this Agreement) has occurred or is continuing.

  • Blocked Account The Blocked Account referred to in Section 2.10(c) hereof shall have been established to the satisfaction of FINOVA in its sole discretion;

  • Special Collateral Account After an Event of Default has occurred -------------------------- and is continuing, all cash proceeds of the Collateral received by the Agent shall be deposited in a special deposit account with the Agent and held there as security for the Secured Obligations. The Agent shall invest any and all available funds deposited in such special deposit account, within five (5) business days after the date the relevant funds become available, in securities issued as fully guaranteed or insured by the United States Government or any agency thereof backed by the full faith and credit of the United States having maturities of three (3) months from the date of acquisition thereof (collectively, "Government Obligations"). The Assignor hereby acknowledges and agrees that the Agent shall not have any liability with respect to, and the Assignor hereby indemnifies the Agent against, any loss resulting from the acquisition of the Government Obligation and the Agent shall not have any obligation to monitor the trading activity of any such Governmental Obligations on and after the acquisition thereof for the purpose of obtaining the highest possible return with respect thereto, the Agent's responsibility being limited to acquiring such Governmental Obligations.

  • Blocked Accounts Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Control Accounts; Approved Deposit Accounts Each Loan Party shall (i) deposit in an Approved Deposit Account all Cash it receives, (ii) not establish or maintain any Securities Account or Commodities Account that is not a Control Account and (iii) not establish or maintain any Deposit Account other than an Approved Deposit Account, provided however that notwithstanding the foregoing, each Loan Party may (w) maintain zero-balance accounts for the purpose of managing local disbursements and collections and may maintain payroll, withholding tax and other fiduciary accounts, (x) maintain accounts into which amounts are paid by a governmental entity pursuant to one or more Health Care Laws so long as the amounts on deposit therein are transferred each Business Day to an Approved Deposit Account or any other account permitted to be so utilized under this Section 5.14, (y) maintain other accounts as long as the aggregate monthly average daily balance over the immediately preceding 12-month period for all such Loan Parties in all such other accounts does not exceed $3,000,000 at any time and (z) make pledges or cash deposits permitted by Section 6.02.

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