Pledged Cash Account definition

Pledged Cash Account means any cash collateral account established for purposes of designating cash or Cash Equivalents as Pledged Cash and over which Administrative Agent has at all times exclusive control for withdrawal purposes.

Pledged Cash Account means, in respect of a series of Collateralised Securities, the "Pledged Cash Account" (as defined in the SPPA Terms and Conditions) relating to such series of Collateralised Securities in the Euroclear System in the name of the Pledgee's Representative, acting in its own name but the account of the Security Trustee, to be operated in accordance with the Euroclear Agreements.

Pledged Cash Account means any Collateral Account containing Pledged Cash.

Examples of Pledged Cash Account in a sentence

• Interest accrued shall be included in the pledge granted herein regardless of whether it has been credited to the Pledged Cash Account.

• For the purpose of enforcing the pledge created by this Pledged Cash Account Agreement, the Account Holder hereby irrevocably authorises eSett to act in the name of the Account Holder and on behalf of the Account Holder to take any necessary or appropriate steps in respect of the enforcement of rights of pledge granted hereunder.

• This power of attorney shall remain in full force and effect throughout the validity of this Pledged Cash Account Agreement.

• For the purpose of collateral monitoring and ensuring orderly settlement of the Account Holders’ payable amounts, eSett needs to have up to date information about the balances and transactions on the Account Holders’ Cash Accounts and Cash Collateral Accounts (if such account is agreed to be used as collateral under the Non- Pledged Cash Account and Cash Collateral Agreement).

• In addition and when required, the Settlement Bank shall respond to eSett’s reasonable enquiries concerning intra-day transactions and balances on a Pledged Cash Account.

More Definitions of Pledged Cash Account

Pledged Cash Account has the meaning specified in Section 6.1(c).

Pledged Cash Account means any deposit account held by the Applicable Agent or one of its Affiliates or (any successor Agent or one of its Affiliates) subject to a first priority and perfected Lien in favor of the applicable Agent (a) designated by the Borrowers to contain only Pledged Cash or a portion thereof, (b) for which such Borrower has delivered to the applicable Agent a control agreement (or such other documentation) each in form and substance satisfactory to the applicable Agent in order to give such Agent sole and exclusive dominion and control over such deposit account and (c) as maintained in accordance with Section 5.21.

Pledged Cash Account means the cash account number  (IBAN BE) opened in the books of the Custodian (IM) in the name of the Chargor recording Posted Credit Support (IM) in the form of cash.

Pledged Cash Account means the cash account number [•] (IBAN BE[•]) opened in the books of the Custodian (IM) in the name of the Chargor recording Posted Credit Support (IM) in the form of cash. Paragraph 3. Pledge As security for the discharge and payment of the Obligations, the Chargor hereby grants to the Secured Party, which accepts, a first-ranking commercial pledge (gage de premier rang/pand in eerste rang) over the Pledged Cash in accordance with the Financial Collateral Law. Paragraph 4. Perfection of the Pledge

Pledged Cash Account means the cash account number  (IBAN BE) opened in the books of the Custodian (IM) in the name of the Chargor associated with the Pledged Securities Account.

Pledged Cash Account means the cash account number  (IBAN LU) opened in the books of the Account Bank (IM) in the name of the Chargor associated with the Pledged Securities Account. 3 Luxembourg banks refer to the term “Account Bank” rather than the term “Custodian” in security documents. This agreement has not been prepared for use where the Pledged Accounts are in the books of Clearstream Banking S.A..

Pledged Cash Account means that segregated cash collateral account held by Borrower and maintained with the Lender in a principal amount not less than $3,000,000, in which the Lender will have a first priority perfected security interest (including in any certificate(s) of deposit issued by the Borrower to the Lender in connection therewith), and shall include all rights of blockage and setoff in favor of the Lender.