Cash Security Account definition

Cash Security Account means Money Market Account number 0000000, together with all proceeds and substitutions thereof, all interest paid thereon, and all other cash and non-cash proceeds of the foregoing.
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Cash Security Account means Demand Deposit Account number [***], together with all proceeds and substitutions thereof, all interest paid thereon, and all other cash and non-cash proceeds of the foregoing.
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Cash Security Account means segregated deposit account, account No. 0000000, held at Bank as collateral for Borrower’s Obligations.
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Examples of Cash Security Account in a sentence

  • Borrower shall enter into such agreements as Bank requests in order to perfect or ensure the priority of Bank’s security interest in the Cash Security Account.

  • For so long as any portion of the Term Loan remains outstanding, Borrower shall at all times maintain the Cash Security Account, with a balance of cash in the Cash Security Account at all times equal to at least the aggregate principal amount of the Term Loan then outstanding.

  • Code, Bank’s Lien on the Cash Security Account will remain in effect for so long as any Obligations are outstanding.

  • Borrower also hereby agrees not to sell, transfer, assign, mortgage, pledge, lease, grant a security interest in, or encumber the Cash Security Account.

  • Regardless of whether such interest causes the balance of the Cash Security Account to exceed the minimum balance amount required by this Section, interest earned on money deposited in the Cash Security Account shall accrue and remain in the Cash Security Account unless the Bank, in its sole discretion, opts to permit Borrower to transfer all or any portion of such interest to another account.


More Definitions of Cash Security Account

Cash Security Account means segregated Certificate of Deposit, account No. 60100378, held at Bank as collateral for Borrower’s Obligations, in a minimum amount of $10,000,000.
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Cash Security Account means segregated money market account no. 0000000, held at Bank as collateral for Borrower’s Obligations, in an amount equal to or greater than the total amount outstanding under the Revolving Line.
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Cash Security Account means the account to be established by Timbercorp in the name of the Trustee into which funds raised under this prospectus, cash receipts from the payment of Receivables and proceeds from the Authorised Investment (if any), must be deposited;
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Cash Security Account means the interest-bearing U.S. Dollar account established by the Lender at its main branch in Toronto, Ontario with the account number referred to in the hypothecation agreement between the Borrower and the Lender to be delivered pursuant to Section 11.1(f);
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Cash Security Account means, in respect of any Loan Facility, an account (if any) of the Loan Facility Provider established in accordance with the Account Agreement or another account agreement in respect of Charged Cash in respect of such Loan Facility; Certificate of Title has the meaning given to that term in the Security Trust Deed, provided that the disclosures contained in each Certificate of Title will be subject to the disclosures contained in any reliance or top-up letters amending or updating the disclosures contained in such Certificate of Title; CHAPS means the Clearing House Automated Payment System; Change of Law means a change occurring after the date of the Loan Facility Agreement in respect of the corresponding Series of Notes to the applicable law in England and Wales such that the provisions of Part II of the Insolvency Act 1986 shall apply to a Guarantor or any similar provision in each case the effect of which would be to permit a moratorium in respect of the Security Trustee enforcing any Security Document; Charged Cash means, in respect of each Loan Facility, at any time, the amounts standing to the credit of the Cash Security Account (if any) at such time for the purpose of compliance by the Group Borrower with the terms of the relevant Loan Facility Agreement;
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Related to Cash Security Account

  • Security Account “Software”, and “Supporting Obligations”.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.

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

  • Liquidity Account has the meaning set forth in Section 6.22(a).

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

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

  • Direct Account : means any Account which is not an ISA Account.

  • 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.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Control Account means a Securities Account or Commodities Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodities Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

  • Security Deposit Account has the meaning given in Section 5.1.