Escrow Account Pledge definition

Escrow Account Pledge means the pledge over the Escrow Account, where the bank operating the account has waived any set-off rights.

Escrow Account Pledge means the first priority pledge over the Escrow Account.

Escrow Account Pledge means the first priority pledge over the Escrow Account in favour of the Bond Trustee (on behalf of itself and the Bondholders), where the bank operating the account has waived any set-off rights.

Examples of Escrow Account Pledge in a sentence

• Any proceeds received from an enforcement of the Escrow Account Pledge Agreement shall be distributed to the Bondholders only.

• The Escrow Account will be blocked and pledged by the Issuer in favour of the Bondholders (represented by the Agent) under the Escrow Account Pledge Agreement.

• The Escrow Account will be blocked and pledged by the Issuer in favour of the Bondholders (as represented by the Agent) under the Escrow Account Pledge Agreement.

• The funds standing to the credit on the Escrow Account will be blocked and pledged by the Issuer in favour of the Noteholders under the Escrow Account Pledge Agreement.

• A duly executed copy of the Escrow Account Pledge Agreement, including evidence that the security purported to be created under the Escrow Account Pledge Agreement in respect of the Escrow Account has been duly perfected.

More Definitions of Escrow Account Pledge

Escrow Account Pledge means the first priority pledge over the Escrow Account granted by the Issuer in favour of the Trustee (on behalf of the Bondholders).

Escrow Account Pledge means the pledge over the Escrow Account, pledged in favour of the Bond Trustee (on behalf of the Bondholders, except holders of Temporary Bonds), where the bank operating the account has waived any set-off rights.

Escrow Account Pledge means the pledge over the Escrow Account in favour of the Bond Trustee acting (on behalf of the Secured Parties) as security for the Secured Obligations, where the Account Bank has waived any set-off rights.

Escrow Account Pledge means the first priority pledge over the Escrow Account in favour of the Bond Trustee (on behalf of the Bondholders holding Bonds other than the Temporary Bonds), where the bank operating the account has waived any set-off rights. The amount in the Escrow Account shall only be used, and the Issuer shall be entitled to withdraw amounts only for use, according to the purpose of the Initial Bond Issue or any Tap Issue.

Escrow Account Pledge means the pledge over the Escrow Account and all funds held on the Escrow Account from time to time, granted in favour of the Bond Trustee and the Bondholders, where the bank operating the account has waived any set-off rights.

Escrow Account Pledge means the pledge agreement entered into between the Issuer and the Bond Trustee (on behalf of the Bondholders) on or about the Issue Date in respect of a first priority pledge over the Escrow Account and all funds held on the Escrow Account from timeto time, granted in favour of the Bond Trustee on behalf of itself and the Bondholders, and where the bank operating the Escrow Account has waived any set-off rights.

Escrow Account Pledge means the first priority pledge over the Issuer's claim against the bank for the amount from time to time standing to the credit of the Issuer in the Escrow Account, where the bank operating the account has waived any set-off rights.