Account and Receivables Pledge Agreement means each account and receivables pledge agreement, account pledge agreement and intercompany receivables pledge agreement pursuant to which a Collateral Rig Owner grants a security interest to the Collateral Agent in the applicable Bareboat Account and/or all intercompany receivables owing to such Collateral Rig Owner, in the case of intercompany receivables, in substantially the form of Appendix J-1 hereto, and in the case of Bareboat Accounts, in substantially the form of Appendix J-2 hereto, in each case with such changes to such forms as are necessary or advisable to account for local law requirements or the granting of security interests in both intercompany receivables and Bareboat Accounts in the same document.

Account and Receivables Pledge Agreement means each account and receivables pledge agreement, account pledge agreement and intercompany receivables pledge agreement pursuant to which the Collateral Rig Owner grants a security interest to the Collateral Agent in the Bareboat Account and/or all intercompany receivables owing to the Collateral Rig Owner, in substantially the form of Appendix J hereto, with such changes to the form as are necessary or advisable to account for local law requirements or the granting of security interest in either intercompany receivables or Bareboat Accounts in separate documents.

Examples of Account and Receivables Pledge Agreement in a sentence

This Supplemental Indenture shall become effective immediately upon the satisfaction of the following conditions: (a) the execution and delivery of this Supplemental Indenture by each of the Company, the Additional Guarantors, the other Guarantors, the Trustee and the Collateral Agent and (b) the execution and delivery of an Account and Receivables Pledge Agreement by each Additional Guarantor and the Collateral Agent.

More Definitions of Account and Receivables Pledge Agreement

Account and Receivables Pledge Agreement means each account and receivables pledge agreement pursuant to which the Collateral Rig Owner grants a security interest to the Collateral Agent in (a) the Bareboat Account (if any), (b) all receivables owing to the Collateral Rig Owner under the Bareboat Charter (if any) or due from the Collateral Rig Operator (if any) and (c) all intercompany receivables owing to the Collateral Rig Owner in substantially the form of Appendix J hereto with such changes to such forms as are necessary or advisable to account for local law requirements or the granting of security interest in (a) – (c) inclusive in the same document.

Account and Receivables Pledge Agreement means each account and receivables pledge agreement pursuant to which the Collateral Rig Owner and/or the Collateral Rig Operator (other than TBL) grants (to the extent applicable) a security interest to the Collateral Agent for the benefit of the Secured Creditors in (a) the Charter Account (if any) owned by such Person, (b) all receivables owing to the Collateral Rig Owner or the Collateral Rig Operator under the Charter (if any) or due from the Collateral Rig Operator (if any) and (c) all intercompany receivables owing to the Collateral Rig Owner and/or the Collateral Rig Operator in substantially the form of Appendix J hereto, in each case, with such changes to such forms as are necessary or advisable to account for local law requirements.

Account and Receivables Pledge Agreement means each account and receivables pledge agreement pursuant to which a Collateral Rig Owner grants a security interest to the Collateral Agent in, to the extent applicable, (a) the applicable Bareboat Account, (b) all receivables owing to the Collateral Rig Owner under the Bareboat Charter or due from the Collateral Rig Operator and (c) all intercompany receivables owing to such Collateral Rig Owner, forms of which are to be executed on or about the Issue Date, with such changes to such forms as are necessary or advisable to account for local law requirements or the granting of security interests in (a) and (b) only, (c) only or (a) – (c) inclusive (as applicable) in the same document.

Account and Receivables Pledge Agreement means each account and receivables pledge agreement pursuant to which the Collateral Rig Owner, the Collateral Rig Operator (other than TBL) or any Collateral Rig Receivables Pledgor grants (to the extent applicable) a security interest to the Collateral Agent for the benefit of the Secured Parties in (a) the Charter Account (if any) owned by such Person, (b) all receivables owing to the Collateral Rig Owner or the Collateral Rig Operator under the Charter (if any) or due from the Collateral Rig Operator (if any) and (c) all intercompany receivables owing to the Collateral Rig Owner, Collateral Rig Operator and/or 2 ‌ Collateral Rig Receivables Pledgor in substantially the form of Appendix J hereto, in each case, with such changes to such forms as are necessary or advisable to account for local law requirements or the granting of security interests in (a) and (b) only, (c) only or (a) – (c) inclusive (as applicable) in the same document.”

Account and Receivables Pledge Agreement means each account and receivables pledge agreement pursuant to which a Collateral Rig Owner or Collateral Rig Receivables Pledgor grants a security interest to the Collateral Agent in, to the extent applicable, (a) the applicable Bareboat Account, (b) all receivables owing to the Collateral Rig Owner under the Bareboat Charter or due from the Collateral Rig Operator and (c) all intercompany receivables owing to such Collateral Rig Owner or such Collateral Rig Receivables Pledgor, forms of which are to be executed on or about the Issue Date, or such later date as may be applicable, with such changes to such forms as are necessary or advisable to account for local law requirements or the granting of security interests in (a) and (b) only, (c) only or (a) – (c) inclusive (as applicable) in the same document.”

Account and Receivables Pledge Agreement means each account and receivables pledge agreement, account pledge agreement and intercompany receivables pledge agreement pursuant to which the Collateral Rig Owner grants a security interest to the Collateral Agent in the Bareboat Account and/or all intercompany receivables owing to the Collateral Rig Owner, in the case of intercompany receivables, in substantially the form of Appendix J-1 hereto, and in the case of Bareboat Accounts, in substantially the form of Appendix J-2 hereto, in each case with such changes to such forms as are necessary or advisable to account for local law requirements or the granting of security interest in both intercompany receivables and Bareboat Accounts in the same document.