Account Pledge definition

Account Pledge means, in relation to each Account, a pledge agreement creating security in respect of that Account in the Agreed Form and, in the plural, means all of them;
Account Pledge means any of them;
Account Pledge means, in relation to each Earnings Account, a deed of pledge of that Earnings Account in such form as the Lenders may approve or require, and in the plural means both of them;

Examples of Account Pledge in a sentence

  • Upon the occurrence of a Cash Control Event, the Administrative Agent is authorized to take exclusive control of each Collateral Account in accordance with the terms of the applicable Collateral Account Pledge or Account Control Agreement (if applicable).


More Definitions of Account Pledge

Account Pledge means a deed creating security in respect of the Earnings Account in the Agreed Form;
Account Pledge means a pledge of any Earnings Account, the Borrower Earnings Account and the Liquidity Account, in the form set out in Appendix C;
Account Pledge means the pledge over the Earnings Account and all amounts from time to time standing to the credit to the Earnings Account from the Charterers in favour of the Owners.
Account Pledge means an account pledge executed by certain of Xxxxxxxxx in favor of Administrative Agent.
Account Pledge means either of them;
Account Pledge means a first priority account pledge in favour of the Security Agent (on behalf of the Finance Parties) over the Operating Accounts of the Borrowers, to be governed by Norwegian law and in form and substance acceptable to the Security Agent.