Account Pledge Agreement definition

Account Pledge Agreement means an agreement to be entered into between the Borrower and the Lender for the creation of a pledge over the Earnings Account in favour of the Lender, in form and substance satisfactory to the Lender as the same may from time to time be amended and/or supplemented;

Account Pledge Agreement means each account pledge agreement pursuant to which the Collateral Rig Operator grants a security interest to the Collateral Agent in the Earnings Account, in each case in substantially the form of Appendix M hereto with such changes to such form as are necessary or advisable to account for local law requirements.

Account Pledge Agreement means each account pledge agreement pursuant to which the Collateral Rig Operator grants a security interest to the Collateral Agent in the Earnings Account, in each case in substantially the form of Appendix M hereto.

Examples of Account Pledge Agreement in a sentence

• Any funds distributed by the Agent to the Bondholders in accordance with the Proceeds Account Pledge Agreement shall be deemed to be paid by the Issuer for the redemption under this Clause 4.1(e).

• The payment of the Net Proceeds from the Initial Bond Issue to the Proceeds Account is subject to the Agent having received documents and evidence of the Proceeds Account Pledge Agreement being duly executed and perfected.

• Any funds distributed by the Agent to the Bondholders in accordance with the Proceeds Account Pledge Agreement shall be deemed to be paid by the Issuer for the redemption under this Clause 4(e).

• The payment of the Net Proceeds to the Proceeds Account is subject to the Agent having received documents and evidence of the Proceeds Account Pledge Agreement being duly executed and perfected.

• Any funds distributed by the Agent to the Bondholders in accordance with the Proceeds Account Pledge Agreement shall be deemed to be paid by the Issuer for the redemption under this Clause 4(d).

More Definitions of Account Pledge Agreement

Account Pledge Agreement as defined in subsection 3.9(a).

Account Pledge Agreement has the meaning ascribed to such term in the definition of “Collateral Rig Requirements”.

Account Pledge Agreement means the account pledge agreement dated on or about the day hereof between the Pledgor as pledgor and DB as pledgee regarding the pledge of a certain account held by the Pledgor.

Account Pledge Agreement means an agreement executed and delivered by a Guarantor, the Collateral Agent and an account bank (or acknowledged by such account bank), in form and substance acceptable to the Collateral Agent, whereby such Issuer or Guarantor establishes an Earnings Account, Specified Account or Collection Account, as applicable, and pledges it to the Collateral Agent.

Account Pledge Agreement means each of:

Account Pledge Agreement means that certain Account Pledge and Security Agreement to be executed by Borrower in favor of Lender at such time as Borrower is required to deposit any funds into the Borrower’s Funds Account, pursuant to which Borrower shall grant to Lender, subject to the conditions of and obligations of Lender thereunder, a first and prior lien on and security interest in all money, investment securities and other instruments that may be required to be deposited by Borrower from time to time into the Borrower’s Funds Account, as provided herein.

Account Pledge Agreement means each agreement in form and substance acceptable to the Agent granting security in favor of the Agent or the Purchaser over any German Account or German Collection Account.