Letter of Credit Collateral Account. The Borrower hereby agrees that it will, if required pursuant to Section 9.1, maintain a special collateral account (the "Letter of Credit Collateral Account") at the Administrative Agent's office at the address specified pursuant to Section 14.1, in the name of the Borrower but under the sole dominion and control of the Administrative Agent, for the benefit of the Lenders, and in which the Borrower shall have no interest other than as set forth in Section 9.1. Such Letter of Credit Collateral Account shall be funded to the extent required by Section 9.1. In addition to the foregoing, the Borrower hereby grants to the Administrative Agent, for the benefit of the Lenders, a properly perfected security interest in and to the Letter of Credit Collateral Account, any funds that may hereafter be on deposit in such account and the proceeds thereof.
Appears in 1 contract
Samples: Unsecured Revolving Credit Agreement (Centerpoint Properties Trust)
Letter of Credit Collateral Account. The Borrower hereby agrees that it will, if from the time a deposit is required pursuant to Section 9.18.1, until the Facility Termination Date, maintain a special collateral account (the "“Letter of Credit Collateral Account"”) at the Administrative Agent's ’s office at the address specified pursuant to Section 14.1Article XIII, in the name of the Borrower but under the sole dominion and control of the Administrative Agent, for the benefit of the Lenders, and in which the Borrower shall have no interest other than as set forth in Section 9.18.1. Such Letter of Credit Collateral Account shall be funded to the extent required by Section 9.18.1. In addition to the foregoing, the Borrower hereby grants to the Administrative Agent, for the benefit of the Lenders, a properly perfected security interest in and to the Letter of Credit Collateral Account, any funds that may hereafter be on deposit in such account and the proceeds thereof.
Appears in 1 contract
Samples: Credit Agreement (Developers Diversified Realty Corp)
Letter of Credit Collateral Account. The Borrower hereby agrees that it will, if required pursuant to Section 9.1until the Facility Termination Date, maintain a special collateral account (the "Letter of Credit Collateral AccountLETTER OF CREDIT COLLATERAL ACCOUNT") at the Administrative Agent's office at the address specified pursuant to Section 14.1ARTICLE XIII, in the name of the Borrower but under the sole dominion and control of the Administrative Agent, for the benefit of the Lenders, and in which the Borrower shall have no interest other than as set forth in Section 9.1SECTION 8.1. Such Letter of Credit Collateral Account shall be funded to the extent required by Section 9.1SECTION 8.1. In addition to the foregoing, the Borrower hereby grants to the Administrative Agent, for the benefit of the Lenders, a properly perfected security interest in and to the Letter of Credit Collateral Account, any funds that may hereafter be on deposit in such account and the proceeds thereof.
Appears in 1 contract
Samples: Credit Agreement (Developers Diversified Realty Corp)
Letter of Credit Collateral Account. The Borrower hereby agrees that it will, if required pursuant to Section SECTION 9.1, maintain a special collateral account (the "Letter of Credit Collateral AccountLETTER OF CREDIT COLLATERAL ACCOUNT") at the Administrative Agent's office at the address specified pursuant to Section SECTION 14.1, in the name of the Borrower but under the sole dominion and control of the Administrative Agent, for the benefit of the Lenders, and in which the Borrower shall have no interest other than as set forth in Section SECTION 9.1. Such Letter of Credit Collateral Account shall be funded to the extent required by Section 9.1SECTION 9.
1. In addition to the foregoing, the Borrower hereby grants to the Administrative Agent, for the benefit of the Lenders, a properly perfected security interest in and to the Letter of Credit Collateral Account, any funds that may hereafter be on deposit in such -43- account and the proceeds thereof.
Appears in 1 contract
Samples: Unsecured Revolving Credit Agreement (Centerpoint Properties Trust)
Letter of Credit Collateral Account. The Borrower hereby agrees that it will, if required pursuant to Section 9.1until the Facility Termination Date, maintain a special collateral account (the "Letter of Credit Collateral AccountLETTER OF CREDIT COLLATERAL ACCOUNT") at the Administrative Agent's office at the address specified pursuant to Section 14.1ARTICLE XIV, in the name of the Borrower but under the sole dominion and control of the Administrative Agent, for the benefit of the Lenders, and in which the Borrower shall have no interest other than as set forth in Section SECTION 9.1. Such Letter of Credit Collateral Account shall be funded to the extent required by Section 9.1SECTION 9.
1. In addition to the foregoing, the Borrower hereby grants to the Administrative Agent, for the benefit of the Lenders, a properly perfected security interest in and to the Letter of Credit Collateral Account, any funds that may hereafter be on deposit in such account and the proceeds thereof.
Appears in 1 contract
Samples: Revolving Credit Agreement (Duke Weeks Realty Limited Partnership)
Letter of Credit Collateral Account. The Borrower hereby agrees that it will, if required pursuant to Section 9.1until the Facility Termination Date, maintain a special collateral account (the "Letter of Credit Collateral AccountLETTER OF CREDIT COLLATERAL ACCOUNT") at the Administrative Agent's office at the address specified pursuant to Section 14.1ARTICLE XIII, in the name of the Borrower but under the sole dominion and control of the Administrative Agent, for the benefit of the Lenders, and in which the Borrower shall have no interest other than as set forth in Section 9.1SECTION 8.1. Such Letter of Credit Collateral Account shall be funded to the extent required by Section 9.1SECTION 8.
1. In addition to the foregoing, the Borrower hereby grants to the Administrative Agent, for the benefit of the Lenders, a properly perfected security interest in and to the Letter of Credit Collateral Account, any funds that may hereafter be on deposit in such account and the proceeds thereof.
Appears in 1 contract
Samples: Credit Agreement (Developers Diversified Realty Corp)
Letter of Credit Collateral Account. The Borrower hereby agrees that it will, if required pursuant to Section SECTION 9.1, maintain a special collateral account (the "Letter of Credit Collateral AccountLETTER OF CREDIT COLLATERAL ACCOUNT") at the Administrative Agent's office at the address specified pursuant to Section SECTION 14.1, in the name of the Borrower but under the sole dominion and control of the Administrative Agent, for the benefit of the Lenders, and in which the Borrower shall have no interest other than as set forth in Section SECTION 9.1. Such Letter of Credit Collateral Account shall be funded to the extent required by Section 9.1SECTION 9.
1. In addition to the foregoing, the Borrower hereby grants to the Administrative Agent, for the benefit of the Lenders, a properly perfected security interest in and to the Letter of Credit Collateral Account, any funds that may hereafter be on deposit in such account and the proceeds thereof.
Appears in 1 contract
Samples: Unsecured Revolving Credit Agreement (Centerpoint Properties Corp)
Letter of Credit Collateral Account. The Borrower hereby agrees that it will, if required pursuant to Section SECTION 9.1, maintain a special collateral account (the "Letter of Credit Collateral AccountLETTER OF CREDIT COLLATERAL ACCOUNT") at the Administrative Agent's office at the address specified pursuant to Section SECTION 14.1, in the name of the Borrower but under the sole dominion and control of the Administrative Agent, for the benefit of the Lenders, and in which the Borrower shall have no interest other than as set forth in Section SECTION 9.1. Such Letter of Credit Collateral Account shall be funded to the extent required by Section SECTION 9.1. In addition to the foregoing, the Borrower hereby grants to the Administrative Agent, for the benefit of the Lenders, a properly perfected security interest in and to the Letter of Credit Collateral Account, any funds that may hereafter be on deposit in such account and the proceeds thereof.
Appears in 1 contract
Samples: Unsecured Revolving Credit Agreement (Centerpoint Properties Trust)