Accounts Pledge definition

Accounts Pledge means a deed creating security in respect of the Operating Account and the Retention Account in such form as the Lender may approve or require;

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Accounts Pledge means, in respect of each Account, a pledge agreement creating security in respect of that Account, in the Agreed Form, and in the plural means all of them;

Accounts Pledge means a pledge in respect of each Earnings Account and the Retention Account, required to be executed hereunder between the Borrowers and the Security Trustee in such form as the Agent and the Majority Lenders may require in their sole discretion;

Examples of Accounts Pledge in a sentence

• The Earnings Accounts and all amounts from time to time standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Earnings Accounts Pledge respectively.

• The Collection Foundation will enter into the Collection Foundation Accounts Pledge Agreement, see section 4.7 (Security).

• Unless and until an Event of Default shall occur (whereupon the provisions of Clause 11.3 shall be applicable) and subject to the terms and conditions of the Accounts Pledge Agreement no monies shall be withdrawn from the Earnings Account save as hereinafter provided.

• Each Earnings Account and all amounts from time to time standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Earnings Accounts Pledge in respect thereof.

• Third Ranking Bank Accounts Pledge Agreement (2025 U.S. notes); 12.

More Definitions of Accounts Pledge

Accounts Pledge means the Dutch deed of pledge (“eerst pandrecht”) in relation to the Project Accounts, Proceeds Accounts, Earnings Accounts and Debt Service Reserve Account executed or, as the context may require, to be executed by the Account Bank, the Borrower and each Rig Owner in favour of the Security Trustee as pledgee, in the Agreed Form;

Accounts Pledge means the agreement for Security over the funds standing to the credit on the Escrow Account and the Blocked Account, entered into between the Issuer and the Trustee, where the bank operating the accounts has waived any set-off rights.

Accounts Pledge means a pledge of the Earnings Account and the Retention Account in such form as the Lender may require;

Accounts Pledge means a first priority charge required to be executed hereunder between the Borrower and the Security Trustee in respect of the Earnings Account, the Retention Account and the Drydock Reserve Account in such form as the Agent and the Majority Lenders may require in their sole discretion;

Accounts Pledge means a deed creating security in respect of the Earnings Account and the Retention Account, to be in favour of the Lender, in such form as the Lender may approve or require;

Accounts Pledge means in respect of the Deposit Account and the Earnings Accounts, the pledge to be executed by the Borrower and Britannia Bulk DK A/S in favour of the Security Trustee in the Agreed Form;

Accounts Pledge in Clause 1.2 thereof;