Bank Collateral Account definition
Examples of Bank Collateral Account in a sentence
The Sellers Collateral Account and the Bank Collateral Account are collectively referred to as the "Cash Collateral Account".
Subject to Section 4.6(b), the Bank Administrative Agent shall pay over to the Note Collateral Agent all remaining moneys and other property held by the Bank Administrative Agent in the Bank Collateral Account or received by the Bank Administrative Agent with respect to the Bank Priority Collateral on or prior to the first Business Day falling after the Bank Obligations have been satisfied in full.
Borrower shall be permitted to maintain cash at Washington Mutual Bank, FA and ▇▇▇▇▇ Fargo Brokerage Services, LLC, as long as within thirty (30) days from the date of this Agreement Borrower delivers to Bank Collateral Account Control Agreements in the form required by Bank, executed by Borrower, Bank and such other banks.
Subject to the provisions of the Bank Collateral Account Agreement, amounts on deposit in the Bank Proceeds Account shall, from time to time, be transferred to the Disbursement Account in accordance with Section 2.4.3(a).
On or prior to the Effective Date, there shall be established the Disbursement Account pursuant to (and subject to the provisions of) the Bank Collateral Account Agreement and the Phase II Mall Collateral Account Agreement.
On or prior to the Effective Date, there shall be established the Phase II Hotel/Casino Cash Management Account pursuant to (and subject to the provisions of) the Bank Collateral Account Agreement.
On or prior to the Effective Date, there shall be established the Phase II Hotel/Casino Equity Account pursuant to (and subject to the provisions of) the Bank Collateral Account Agreement.
Subject to the provisions of the Bank Collateral Account Agreement, LCR shall be permitted from time to time to draw checks on and otherwise withdraw amounts on deposit in the Phase II Hotel/Casino Cash Management Account to pay due and payable Project Costs allocated to the Phase II Hotel/Casino in accordance with the terms of this Agreement.
Subject to the provisions of the Bank Collateral Account Agreement and the Phase II Mall Collateral Account Agreement, as applicable, amounts on deposit in the Disbursement Account shall be transferred, as applicable, to the appropriate Accounts and/or the Lien Protection Account and/or applied to pay Project Costs in accordance with Section 2.6. On the Final Completion Date, funds remaining in the Disbursement Account shall be applied as provided in Section 2.10.
Permit the balance in the Excluded Deposit Account to be more than $50,000 (after giving effect to the daily sweep of the Excluded Deposit Account) at any time or permit the balance in the US Bank Collateral Account to be more than $25,000 at any time.