Borrower Collateral Account definition

Borrower Collateral Account means, for each Borrower that has Investors, the account listed on Schedule I with respect to such Person, which account shall be solely used for receipt of proceeds from Capital Calls with respect thereto.
Sample 1Sample 2Sample 3
Borrower Collateral Account. The "Borrower Collateral Account", as defined in the Security Agreement.
Sample 1Sample 2
Borrower Collateral Account means that certain deposit account number 327825050427 in the name of the Borrower maintained with KeyBank, N.A.
Sample 1Sample 2

Examples of Borrower Collateral Account in a sentence

  • Notwithstanding the foregoing, the Non-Accountable Expense Allowance shall be reduced on a dollar-for-dollar basis by the fees and expenses of the Company's counsel for preparing and furnishing the opinion letter referred to in Section 3.4(d) of this Agreement.

  • Any and all proceeds received by the Corporation in respect part of the Pledged Stock, whether consisting of moneys, checks, notes, drafts, bills of exchange, money orders or commercial paper of any kind whatsoever, shall be deposited by the Corporation in the Borrower Collateral Account and shall be held by the Corporation, to be withdrawn and distributed by the Corporation as provided herein.

  • Each Borrower shall ensure and take all necessary steps to ensure that all payments of Receivables or otherwise relating to Collateral are made directly to the Revenue Account (as defined in the Depositary Agreement), or such other Borrower Collateral Account identified in writing by Administrative Agent to Borrower Agent.

  • If any Borrower receives cash or Payment Items with respect to any Collateral, it shall hold same in trust in favor of Collateral Agent for the benefit of the Secured Parties and promptly (not later than the next Business Day) deposit same into the Borrower Collateral Account or such other identified in writing by Administrative Agent to Borrower Agent.

  • The Borrowers shall be the sole account holder of each Borrower Collateral Account and shall not allow any other Person (other than Collateral Agent and Other Collateral Agent as provided in the Depositary Agreement) to have control over a Borrower Collateral Account or any amounts or assets deposited therein or credited thereto.

  • After any withdrawal of funds from any Borrower Collateral Account as contemplated in this Section 3.5(b)(i), the Administrative Agent shall promptly deliver written notice of such withdrawal to the applicable Borrower(s); provided that the failure of the Administrative Agent to give such notice will not affect the validity of such withdrawal.

  • In addition, to the extent not funded directly by the Investors into the respective Borrower Collateral Account, each of the Borrowers (other than a Qualified Borrower) shall promptly, but within five (5) Business Days of receipt thereof, deposit into its respective Collateral Account any payments and monies that such Borrower receives directly from Investors as Capital Contributions.

  • Maintain the Borrower Collateral Account and the L/C Cash Collateral Account with Citibank pursuant to the terms of the Borrower Security Agreement.

  • Prior to the occurrence of a Default or a Trigger Event, the Administrative Agent shall release the amounts received in the Borrower Collateral Account to RIHC, or otherwise as instructed in writing by Borrower, following a Beneficial Owner’s request and the Administrative Agent’s receipt of a certificate from the Financial Officer of the Administrative Borrower certifying that no Default or Trigger Event has occurred.

  • Any and all proceeds received by the Corporation in respect of any sale or disposition of, collection from, or other recovery or reali-zation upon all or any part of the Pledged Stock, whether con-sisting of moneys, checks, notes, drafts, bills of exchange, money orders or commercial paper of any kind whatsoever, shall be deposited by the Corporation in the Borrower Col-lateral Account and shall be held by the Corporation, to be withdrawn and distributed by the Corporation as provided herein.


More Definitions of Borrower Collateral Account

Borrower Collateral Account is defined in Section 5.02(a) hereof.
Sample 1
Borrower Collateral Account means a Collateral Account of a Borrower.
Sample 1
Borrower Collateral Account the deposit account of the Borrower maintained at JPMorgan Chase Bank, N.A. pursuant to Section 5.13, and any successor account.
Sample 1
Borrower Collateral Account has the meaning specified in Section 3(a) hereof.
Sample 1
Borrower Collateral Account means, for each Borrower that has Investors, the account listed on Schedule I hereto (as such Schedule I may be amended, restated, supplemented or otherwise modified from time to time), with respect to such Person, which account shall be used solely for receipt of proceeds from Capital Calls. “Borrower Collateral Accounts” means, where the context requires, all Borrower Collateral Accounts, collectively. “Borrower Collateral Account Pledge” means the pledge of a Borrower Collateral Account, in the form of Exhibit D hereto, made by a Borrower in favor of the Administrative Agent, pursuant to which such Borrower has granted to the Administrative Agent for the benefit of the Secured Parties, a first priority, exclusive Lien in and to a Borrower Collateral Account, as the same may be amended, restated, supplemented or otherwise modified from time to time. 5 55297837 Other Concentration Limits6 Non-Rated Included Investors 10.0% - 25.0%3 Corporate Designated Investors87 5.0%3 Foreign Sovereign Designated Investors 5.0%3 Fund-of-Funds Designated Investors 3.0%3 HNW Designated Investors and HNW 1.0% - 10.0%3, 5 Aggregation Investors Aggregate Foreign Sovereign Designated 20.0%3, 4 Investors Aggregate Fund-of-Funds Designated 15.0%3, 4 Investors Aggregate HNW Designated Investors 20.010.0%3, 4, 5, 75 and HNW Aggregation Investors Aggregate Designated Investors 50.0%4 Fresno County Retirement Plan 100.0%7 1 The Ratings for such Investor shall be the lower of any senior unsecured rating of such Investor as issued by either S&P or Xxxxx’x. If such Investor has only one rating from either S&P or Xxxxx’x, that rating shall apply. 2 For any Investor that is an unrated subsidiary of a rated parent, acceptable Credit Link Documents from the Rated parent entity will be required in order to apply the Concentration Limit based on the Ratings of the parent. 3 The Concentration Limits for each individual Investor classification shall be calculations as a percentage of the aggregate Uncalled Capital Commitments of all Borrowing Base Investors. The Concentration Limit for Fresno County Retirement Plan shall be 25.0%. 4 The aggregate Concentration Limits for Investor classifications shall be calculations (after deducting any amounts in excess of the applicable individual Investor Concentration Limits) as a percentage of the aggregate Uncalled Capital Commitments of all Borrowing Base Investors, such method as set forth in the borrowing base certificate delivered on the closing da...
Sample 1

Related to Borrower Collateral Account

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Facility Account means the account numbered 0000000 maintained by Seller in the name of “PDC Funding Company, LLC” at JPMorgan, together with any successor account or sub-account.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.