Common use of Security Over Cash and Bank Accounts Clause in Contracts

Security Over Cash and Bank Accounts. (a) The Company has established bank accounts held, in each case, with the Global Collateral Agent in London and denominated in U.S. Dollars, euros and U.K. pounds sterling (each an “Initial Secured Account” and together the “Initial Secured Accounts”) and deposited a nominal amount into each Initial Secured Account.

Appears in 2 contracts

Samples: Assignment Agreement (NXP Semiconductors N.V.), NXP Semiconductors N.V.

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Security Over Cash and Bank Accounts. (a) The Company has established shall maintain bank accounts held, in each case, with the Global Collateral Agent in London and denominated in U.S. US Dollars, euros Euros and U.K. pounds sterling Sterling (each an a “Initial Secured Account” and together the “Initial Secured Accounts”) (pursuant to Clause 9.16 of the Revolving Credit Agreement) and deposited shall, on the Funding Date, if such accounts are empty, deposit a nominal amount into each Initial Secured Account.

Appears in 2 contracts

Samples: Credit Agreement (NXP Semiconductors N.V.), Credit Agreement (NXP Semiconductors N.V.)

Security Over Cash and Bank Accounts. (a) The Company has established shall maintain bank accounts held, in each case, with the Global Collateral Agent in London and denominated in U.S. US Dollars, euros Euros and U.K. pounds sterling Sterling (each an a “Initial Secured Account” and together the “Initial Secured Accounts”) (pursuant to Clause 9.16 of the Original Revolving Credit Agreement) and deposited shall, on the Closing Date, if such accounts are empty, deposit a nominal amount into each Initial Secured Account.

Appears in 1 contract

Samples: Credit Agreement (NXP Semiconductors N.V.)

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Security Over Cash and Bank Accounts. (ai) The Company has established bank accounts held, in each case, with the Global Collateral Agent in London and denominated in U.S. US Dollars, euros Euros and U.K. U. K. pounds sterling (each an “Initial Secured Account” and together the “Initial Secured Accounts”) and deposited a nominal amount into each Initial Secured Account.

Appears in 1 contract

Samples: NXP Manufacturing (Thailand) Co., Ltd.

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