Individual Account of Each Secured Party. In addition to the special unified account referred to in Section 11.16(a) above, each Secured Party shall open and maintain in its books a special credit account from which the interest, fees, expenses, default interest, additional costs and any other amounts that a Loan Party owes to such Secured Party hereunder shall be debited and in which all amounts received by the Secured Party from any Loan Party under the relevant Loan Document shall be credited.
Appears in 3 contracts
Samples: Credit and Guaranty Agreement (Atlantica Sustainable Infrastructure PLC), Credit and Guaranty Agreement (Atlantica Sustainable Infrastructure PLC), Credit and Guaranty Agreement (Atlantica Yield PLC)
Individual Account of Each Secured Party. In addition to the special unified account referred to in Section 11.16(a22.11(a) above, each Secured Party shall open and maintain in its books a special credit account from which the interest, fees, expenses, default interest, additional costs and any other amounts that a Loan Note Party owes to such Secured Party hereunder shall be debited and in which all amounts received by the Secured Party from any Loan Note Party under the relevant Loan Note Document shall be credited.
Appears in 1 contract
Samples: Note Issuance Facility Agreement (Atlantica Yield PLC)
