Examples of Account Pledge Agreements in a sentence
Each of JMY and JT shall otherwise take all actions necessary or required under the Shortfall Amount Mortgage and the Account Pledge Agreements (collectively, the “Shortfall Security Documents”) to perfect the Liens intended to be created under such documents with respect to the Pledged Assets.
Prior to the Closing Date, the Sellers shall have entered into Lock-Box Agreements (or, with respect to German Accounts, Account Pledge Agreements) covering each Lock-Box Account listed on Schedule II with all of the Lock-Box Banks, and shall have delivered fully executed copies thereof to the Agent.
Prior to the Closing Date, the Sellers (or the Servicers on their behalf) shall have established the Collection Accounts listed on Schedule II and shall have entered into Collection Account Control Agreements (or, with respect to the European Collection Accounts, Account Pledge Agreements) covering each such Collection Account with all of the Collection Account Banks, and shall have delivered fully executed copies thereof to the Agent.
The Credit Manager’s evidence of opening of the Borrower’s accounts with regard to which the Account Pledge Agreements are concluded.
Upon sending of a notice of pledge to the Account Bank (as defined in, and in accordance with, the Luxembourg Account Pledge Agreements) and upon receipt of the form of acknowledgement from the Account Bank, the Administrative Agent will have a perfected pledge of, and security interest in, the Pledged Assets (as defined in the Luxembourg Account Pledge Agreements).