Accounts Pledge Agreement definition

Accounts Pledge Agreement means an agreement to be entered into between the Borrower and the Bank for the creation of a pledge over the Earnings Account and the Retention Account in favour of the Bank, in form and substance satisfactory to the Bank as the same may from time to time be amended and/or supplemented;

Accounts Pledge Agreement means the pledge agreement entered into between the Issuer and the Trustee on or about the First Issue Date in respect of a first priority pledge over the Escrow Account, Excess Liquidity Account, Collection Account, Cost Account and Interest Reserve Account (together the "Accounts") and all funds held on the Accounts from time to time, granted in favour of the Trustee and the Bondholders (represented by the Trustee).

Accounts Pledge Agreement means the Peruvian law governed accounts pledge agreement dated as of June 13, 2013, as amended on January 7, 2014, restated and amended on June 2, 2014, and as amended and restated on March 30, 2016 (Segunda Modificación Integral al Contrato de Garantía Mobiliaria Sobre Cuentas), as amended on July 14, 2017 and on the date hereof, and as further amended from time to time, by HB Peru SAC in favor of the Peruvian Collateral Agent, for the benefit and in representation of the Secured Parties.

Examples of Accounts Pledge Agreement in a sentence

• Any funds distributed by the Trustee to the Bondholders in accordance with the Bank Accounts Pledge Agreement shall be deemed to be paid by the Issuer for the redemption under this paragraph (d).

• The payment of the Net Proceeds into the Bank Accounts is subject to the Trustee having received (i) duly executed Terms and Conditions, and (ii) a duly executed copy of the Bank Accounts Pledge Agreement, including evidence of perfection of the Security over the Bank Accounts.

• The subscription or purchase of Covered Bonds results by force of law in the (i) acceptance that all the Beneficiaries will benefit pari passu from the first-ranking security provided under the Issuer Accounts Pledge Agreement and any Issuer Accounts Pledge Agreement Deed of Retake and (ii) appointment of the Issuer Security Agent as agent in order to manage the said security in their name and on their behalf.

• The Net Proceeds shall be paid into the Escrow Account, provided that the Trustee has received documents and evidence of the Accounts Pledge Agreement having been executed and perfected.

• THE ISSUER SECURITY The Issuer Security is the first-ranking pledge of the Issuer Accounts granted pursuant to the Issuer Accounts Pledge Agreement and the first-ranking pledge of the Borrower Facility Receivables granted pursuant to the Issuer Receivables Pledge Agreement (the "Issuer Security").

More Definitions of Accounts Pledge Agreement

Accounts Pledge Agreement means the pledge agreement(s) over the Accounts dated 12 June 2006 entered into by or on behalf of the Purchaser and the Programme Trustee.

Accounts Pledge Agreement means the Peruvian law governed accounts pledge agreement dated as of June 13, 2013, as amended on January 7, 2014, restated and amended on June 2, 2014, and as amended and restated on March 30, 2016 (Segunda Modificación Integral al Contrato de Garantía Mobiliaria Sobre Cuentas), as amended on the date hereof and as further amended from time to time, by HB Peru SAC in favor of the Peruvian Collateral Agent, for the benefit and in representation of the Secured Parties.

Accounts Pledge Agreement means the pledge agreement(s) over the Accounts entered into or to be entered into by or on behalf of the Purchaser and the Programme Trustee.

Accounts Pledge Agreement the accounts pledge agreement dated the date hereof among the Borrower, the Account Banks and the Security Trustee.

Accounts Pledge Agreement and “Accounts Pledge Agreements” shall be deemed to include the “New Account Pledge Agreements”, as herein defined;

Accounts Pledge Agreement means the Accounts Pledge Agreement, dated the Issue Date, between the Company and the Collateral Agent, securing the Secured Obligations and substantially in the form attached to the Indenture as Exhibit C, as may be amended from time to time as permitted by the Indenture.

Accounts Pledge Agreement means the first priority pledge executed or (as the context may require) to be entered into between one or more Owners, the Lenders and the Account Bank in respect of the Operating Accounts relative to the Ship(s) of such Owner(s) in form and substance satisfactory to the Agent (acting on the instructions of the Lenders) (together, the “Accounts Pledge Agreements”);