Collateral Accounts definition

Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

Collateral Accounts means the Cash Collateral Accounts, the Controlled Deposit Accounts and the Controlled Securities Accounts.

Collateral Accounts has the meaning given to such term in Section 6.3.

Examples of Collateral Accounts in a sentence

• Notwithstanding anything to the contrary in this Agreement, the Custodian will at all times comply with entitlement orders (within the meaning of Sections 8-102 and 9-106 of the UCC) received from Secured Party with respect to the Collateral Accounts, including without limitation instructions directing the disposition of all amounts credited thereto, without further consent of the Pledgor or any other person.

• Notwithstanding anything to the contrary in this Agreement, the Custodian will at all times comply with entitlement orders (within the meaning of Sections 8-102(a)(8) and 9-106 of the UCC) received from Secured Party with respect to the Collateral Accounts, without further consent of the Pledgor or any other person.

• The Custodian agrees that any security interest, lien, encumbrance or other right that the Custodian may have with respect to the Collateral or the Collateral Accounts shall be subordinate to the security interest of Secured Party therein.

• Subject to Section 2.3 hereof, Custodian will release all, or any designated portion, of the Collateral held in the Collateral Accounts as soon as reasonably practicable after receiving written instructions or entitlement orders from Secured Party and Pledgor authorizing such release.

• Unless and until the Custodian receives written notice from Secured Party pursuant to Section 2.3 below instructing the Custodian that Secured Party is exercising its right to exclusive control over the Collateral Accounts, which notice is substantially in the form attached hereto as Exhibit A (a “Notice of Exclusive Control”) the Custodian shall accept account instructions from Pledgor.

More Definitions of Collateral Accounts

Collateral Accounts shall have the meaning set forth in Section 3.1.1.

Collateral Accounts means, where the context requires, all Collateral Accounts, collectively.

Collateral Accounts has the meaning set forth in Section 8.01(a).

Collateral Accounts is defined in Section 4.3(b).

Collateral Accounts means the Controlled Deposit Accounts and the Controlled Securities Accounts.

Collateral Accounts shall have the meaning given to it in the Depository Agreement.

Collateral Accounts means any account designated as such by Lender pursuant to a Collateral Agreement or as established pursuant to this Loan Agreement, including the Reserve/Escrow Account.