Additional Collateral Account definition

Additional Collateral Account the Additional Collateral Account established and maintained pursuant to the Security Deposit Agreement.
Additional Collateral Account means the Euro account so named of the Issuer held with the Account Bank, amounts standing to the credit of which, subject to certain conditions, may be used to purchase Additional Portfolio Collateral during the Reinvestment Period.

Examples of Additional Collateral Account in a sentence

  • The Collateral Administrator shall, on behalf of the Issuer, other than on any Payment Date, cause available amounts standing to the credit of the Collection Accounts, the Pre-Funding Account and the Additional Collateral Account to the extent required to pay the amounts referred to in paragraphs (ii), and (iv) of Condition 3(c) (Priorities of Payments) which are due and payable to be paid to the person entitled to such payment.

  • Any income from such investments will be deposited to, and become a portion of, the Additional Collateral Account.

  • The credit balance in the Additional Collateral Account shall not constitute trust funds and may be commingled with the general funds of the Administrative Agent.

  • Within thirty (30) days following the Closing Date, the Borrowers shall establish a Deposit Account designated as the "Additional Collateral Account" and shall enter into executed Account Control Agreements with respect to such Deposit Account and all other Deposit Accounts and Securities Accounts maintained by any Credit Party.

  • All sums deposited in the Additional Collateral Account shall be released and applied in accordance with the terms of this Section 10.


More Definitions of Additional Collateral Account

Additional Collateral Account means the Euro account of the Issuer held with the Account Bank, amounts standing to the credit of which, subject to certain conditions, may be used to purchase Additional Collateral Debt Securities denominated in Euro during the Reinvestment Period.
Additional Collateral Account. The Debt Service Reserve Account established pursuant to Section 3.7 of the Little Rock Owner Loan Agreement, which is Account No. 0000000 at the Lender, which Debt Service Reserve Account is, from and after October 30, 2015, also known as the Additional Collateral Account.
Additional Collateral Account. An account maintained by Mortgagee or a Servicer designated by Mortgagee, into which Excess Cash Flow shall be deposited in accordance with Section 4.24, and which shall be additional Collateral for the Loan.
Additional Collateral Account means the interest bearing account in the name of the Issuer and held with the Account Bank, the Balance of which may be applied in the acquisition of additional Collateral Debt Obligations during the Investment Period in accordance with the Collateral Management Agreement.
Additional Collateral Account means the “Additional Collateral Account” established by the Depositary pursuant to the Depository Agreement.
Additional Collateral Account has the meaning set forth in Section 2.20(b) hereof.
Additional Collateral Account means the account established by Borrower at the Agent in accordance with Section 4.2 hereof.