Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).
Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.
Letter of Credit Collateral Account is defined in Section 2A.9.
Examples of Letter of Credit Collateral Account in a sentence
Such deposit shall be held by the Administrative Agent as collateral in the first instance for the LC Exposure under this Agreement and thereafter for the payment of the Secured Obligations, and for these purposes the Borrower hereby grants a security interest to the Administrative Agent for the benefit of the Revolving Lenders in the Letter of Credit Collateral Account and in any financial assets (as defined in the Uniform Commercial Code) or other property held therein.
More Definitions of Letter of Credit Collateral Account
Letter of Credit Collateral Account has the meaning specified in Section 6.02(a).
Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent and under its sole dominion and control.
Letter of Credit Collateral Account is defined in Section 3.9.
Letter of Credit Collateral Account has the meaning provided in Section 6.4.
Letter of Credit Collateral Account means a deposit account to be maintained at Wells Fargo in the name of the Administrative Agent, for the benefit of the Lenders, which account shall be held as collateral for any and all Obligations incurred by Borrower or its Subsidiaries in connection with any Letter of Credit outstanding subsequent to the Maturity Date.
Letter of Credit Collateral Account means a deposit account to be maintained at Xxxxx Fargo in the name of the Administrative Agent, for the benefit of the Lenders, which account shall be held as collateral for any and all Obligations incurred by Borrower or its Subsidiaries in connection with any Letter of Credit outstanding subsequent to the Maturity Date.
Letter of Credit Collateral Account means a special cash collateral account pledged to the Agent containing cash deposited pursuant to Sections 2.2(d) or 6.4 to be maintained with the Agent in accordance with Section 2.2(g).