Common use of Disbursement Account Clause in Contracts

Disbursement Account. 9.1.1 The Borrower will open a disbursement account with the Agent at the latest at Financial Close, such account to be pledged by the Borrower in favour of the Lenders by entering into an account pledge agreement substantially in the form set out in Schedule 7 (Form of Account Pledge Agreement).

Appears in 3 contracts

Samples: Account Pledge Agreement, Account Pledge Agreement (Mercer International Inc.), Account Pledge Agreement (Mercer International Inc)

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Disbursement Account. 9.1.1 The Borrower will open a disbursement account with the Agent at the latest at Financial Close, such account to be pledged by the Borrower in favour of the Lenders by entering into an account pledge agreement substantially in the form set out in Schedule 7 (Form of Account Pledge Agreement).. -----------

Appears in 1 contract

Samples: Account Pledge Agreement (Mercer International Inc)

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