Examples of Borrower Account Collateral in a sentence
Pursuant to Section 2.5 of the Equity Funding Agreement, the Equity Contributor has granted to the Collateral Agent, for the benefit of the Secured Parties, a first priority security interest in and to the Equity Funding Account, including all amounts credited to or otherwise deposited in the Equity Funding Account (including Permitted Investments) (together with the Borrower Account Collateral, the “Account Collateral”), as security for the Secured Obligations.
With respect to any Borrower Account Collateral, the certificates, instruments or other Eligible Investments in which amounts credited to the accounts included in the Borrower Account Collateral are invested from time to time.
Effective upon Delivery of any Borrower Account Collateral in the form of Physical Property, book-entry securities or uncertificated securities, the Lender Collateral Agent shall be deemed to have represented that it has purchased such Borrower Account Collateral for value, in good faith and without actual notice of any adverse claim thereto.
Effective upon Delivery of any Borrower Account Collateral in the form of Physical Property, book-entry securities or uncertificated securities, the Collateral Agent shall be deemed to have represented that it has purchased such Borrower Account Collateral for value, in good faith and without notice of any adverse claim thereto.