Bank Account Pledges means first priority charges over the bank accounts held by the Issuer and each Guarantor.
Bank Account Pledges means first priority pledges over all bank accounts held by the HoldCo Group Companies, pledged on first priority (but not blocked until an Event of Default has occurred) in favour of the Bond Trustee.
Bank Account Pledges means the first priority pledges in the Issuer's and each Guarantor’s (other than the Parent) bank accounts, such accounts to be unblocked (except if an Event of Default has occurred and is continuing).
Examples of Bank Account Pledges in a sentence
In the light of uncertainty as to the extent, if at all, that the Collection Accounts Declaration of Trust may be recognised in the jurisdictions other than the United Kingdom and Belgium in which Collection Accounts are held the Company agrees to execute and deliver to the Agent on or prior to the Closing Date the Bank Account Pledges in respect of such Collection Accounts.
More Definitions of Bank Account Pledges
Bank Account Pledges means the first priority pledges in each Guarantor’s bank accounts, such accounts to be unblocked (except if an Event of Default has occurred and is continuing).
Bank Account Pledges means, together, the Deposit Account Pledge and the DSRA Account Pledge and “Bank Account Pledge” means either of them.
Bank Account Pledges the pledges over the Collection Accounts in each of France, Germany, Italy, Spain and the Netherlands created by MIC-UK in favour of the Security Trustee on behalf of the Beneficiaries, dated on or about the date of this Deed to secure the obligations of MIC-UK under the Finance Documents;
Bank Account Pledges means the instruments pursuant to which the Borrower grants to EBRD a first ranking security interest in all of the Borrower’s bank accounts, together with the notices and acknowledgements and consents in the forms attached thereto, which instrument shall be in form and substance satisfactory to EBRD.
Bank Account Pledges means collectively:
Bank Account Pledges means each of the Bank Account Pledge Agreements (KONTOVERPFANDUNG) entered into on or about the date hereof by EWT Elektro- und Nachrichtentechnik GmbH, EWT Communications GmbH, TSS Telekabel Service Sud Marketing und Verwaltung GmbH, EWT GmbH und TSS GmbH GbR and RFC Radio, Fernseh- und Computertechnik GmbH in favour of the Finance Parties.
Bank Account Pledges means charges over all bank accounts held by any Guarantor being owned 100 per cent. directly or indirectly by the Issuer, pledged on first priority but not blocked in favour of the Bond Trustee.