Creation of Pledged Accounts. (a) The Collateral Agent is hereby directed by the Company and each Grantor to cause to be established on or before the date hereof with, and maintained thereafter by, the Depository Bank at its offices in New York City, New York (ABA No. 000000000), in the name of the Collateral Agent as entitlement holder and under the sole control and dominion of the Collateral Agent and subject to the terms of this Agreement, the following segregated securities accounts (collectively, the “Pledged Accounts”):
Appears in 19 contracts
Samples: Security Agreement (El Paso Natural Gas Co), Subsidiary Guarantee Agreement (El Paso Corp/De), Security Agreement (Tennessee Gas Pipeline Co)
Creation of Pledged Accounts. (a) The Collateral Agent is hereby directed by the Company and each Grantor to cause to be established on or before the date hereof with, and maintained thereafter by, by the Depository Bank at its offices in New York City, New York (ABA No. 000000000), in the name of the Collateral Agent as entitlement holder and under the sole control and dominion of the Collateral Agent and subject to the terms of this Agreement, the following segregated securities accounts which have been established prior to the date hereof (collectively, the “Pledged Accounts”):
Appears in 4 contracts
Samples: Security Agreement (El Paso Corp/De), Subsidiary Guarantee Agreement (Tennessee Gas Pipeline Co), Security Agreement (El Paso Natural Gas Co)
Creation of Pledged Accounts. (ab) The Collateral Agent is hereby directed by the Company and each Grantor to cause to be established on or before the date hereof with, and maintained thereafter by, the Depository Bank at its offices in New York City, New York (ABA No. 000000000), in the name of the Collateral Agent as entitlement holder and under the sole control and dominion of the Collateral Agent and subject to the terms of this Agreement, the following segregated non-interest bearing Dollar-denominated securities accounts (collectively, the “Pledged Accounts”):accounts:
Appears in 1 contract
Samples: Security and Intercreditor Agreement (Allegheny Energy Supply Co LLC)
