Bank Account Pledge definition

Bank Account Pledge means the Norwegian law governed pledge over the Borrower’s operating account granted or to be granted by the Borrower to the Security Agent.
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Bank Account Pledge means the instrument pursuant to which the Borrower grants to
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Bank Account Pledge means the Pledgors’ pledge of their Bank Accounts and Bank Account Claims granted in favour of the Pledgee.
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Examples of Bank Account Pledge in a sentence

  • Any funds distributed by the Trustee to the Bondholders in accordance with the Bank Account Pledge Agreement shall be deemed to be paid by the Issuer towards the redemption of such Bondholder’s Bonds under this paragraph (c).

  • An additional amount of TL 7.608 arising from collections through automated teller machine (“ATM”) is not available for use at 31 March 2013 (31 March 2012- TL 5.508).Within the context of the Bank Account Pledge Agreement signed by Avea and its lenders, Avea provided an account pledge over all of its bank accounts amounting to TL 410.587 at 31 March 2013 ; (2012- TL 508.781) in favour of Security Trustee.

  • An additional amount of TL 5.227 arising from collections through automated teller machine (“ATM”) is not available for use at 31 December 2010 (2009 - TL 3.469; 2008 - TL 3.722).Within the context of the Bank Account Pledge Agreement signed by Avea and its lenders, Avea provided an account pledge over all of its bank accounts (amounting to 609.236 TL at 31 December 2010 ; 2009 - TL 337.947; 2008 – TL 550.480) in favour of Security Trustee.

  • The Remedies of the Security Trustee following an Acceleration Event are provided for in Clause 7 of the Bank Account Pledge Agreement.

  • The Issuer Bank Account shall be pledged (first ranking) to the Bondholders pursuant to the Bank Account Pledge Agreement.

  • Prior to the Settlement, the Company and R&D NewCo will enter into a services agreement (the Services Agreement and, together with the Revenue Sharing Agreement, the License Agree- ment, the Collaboration Agreement, the Shareholders Agreement, the Credit Facility Agreement, the Convertible Loan Agreement and the Bank Account Pledge Agreement, the Ancillary Agreements).

  • Similarly, increases in correlations of the British pound are responsible for the break in February 2002, although in addition we observe a considerable reduction in the correlation between the Norwegian krone and the Swedish krona around the same time.

  • Heartland holds a first lien in and on the Heartland Account pursuant to a Bank Account Pledge Agreement dated as of July 2, 2020.

  • In connection with the Con- vertible Loan Agreement and prior to the Settlement, a Subsidiary of J&J and R&D NewCo will enter into a bank account pledge agreement (the Bank Account Pledge Agreement).

  • In my review, I considered the following submissions (collectively, “the Loan Documents”): • Loan Agreement, marked “4824-0988-8506.7”;• Promissory Note, marked “4824-0400-4858.3”;• Security Agreement, marked “4828-2754-7386.5”;• Bank Account Pledge Agreement, marked “4834-3340-1854.3”; and• Assignment Agreement, marked “4814-3634-9434.4”.


More Definitions of Bank Account Pledge

Bank Account Pledge the bank account pledge governed by Dutch law dated as of the Dutch Closing Date by and among the Dutch Borrowers and Agent. Dutch Bank Product: any of the following products or services extended to a Dutch Borrower or Affiliate of a Dutch Borrower (other than U.S. Borrowers) by a Lender or any of its Affiliates: (a) Cash Management Services; (b) products under Hedging Agreements; (c) commercial credit card and merchant card services; and (d) leases, supply chain financing and other banking products or services, other than Dutch Letters of Credit. 13 117877022_2
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Bank Account Pledge means the instrument pursuant to which the Borrower grants to EBRD a first ranking security interest in the Pledged Acounts, together with the notices and acknowledgements and consents in the forms attached thereto, which instrument shall be in form and substance satisfactory to EBRD. "BKK-BKÜ
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Related to Bank Account Pledge

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.