Common use of VAT Account Clause in Contracts

VAT Account. All moneys, investments and securities at any time on deposit in any of the Accounts shall be under the sole dominion and control of the Administrative Agent and shall constitute collateral in accordance with the terms of the Security Documents to be held in the custody of the Administrative Agent for the purposes and on the terms set forth in the Security Documents and this Article VIII.

Appears in 4 contracts

Samples: Credit Agreement (Flag Telecom Holdings LTD), Credit Agreement (Flag Telecom Holdings LTD), Credit Agreement (Flag Telecom Holdings LTD)

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