Common use of Proceeds Account Clause in Contracts

Proceeds Account. 9.2.1 The Borrower will open a current account (Kontokorrentkonto) 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) (the “Revenue Account”).

Appears in 3 contracts

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

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Proceeds Account. 9.2.1 The Borrower will open a current account (Kontokorrentkonto) with the Agent at the latest at Financial Close, such account to be pledged by the Borrower pari passu in favour of the Lenders by entering into an account pledge agreement substantially in and the form set out in Schedule 7 (Form of Account Pledge Agreement) Blue Mill Lenders (the “Revenue Account”).

Appears in 2 contracts

Samples: Mercer International Inc., Mercer International Inc.

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Proceeds Account. 9.2.1 The Borrower will open a current account (Kontokorrentkonto) 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) (the "Revenue Account").

Appears in 1 contract

Samples: Account Pledge Agreement (Mercer International Inc)

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