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 Certificate of Deposit, account No. 00000000, held at Bank as collateral for Borrower’s Obligations, in a minimum amount of $5,000,000.
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Examples of Cash Security Account in a sentence

  • References to “transfer” in this Cash Security Account Agreement mean, in relation to cash, payment.

  • Unless otherwise described, references in this Cash Security Account Agreement to sections are to sections of this Cash Security Account Agreement.

  • The Contracting Wholesaler is not required to, (although it may choose to) open and maintain a separate Cash Security Account for each Contracting Retailer that may, from time to time, be required to post Eligible Credit Support in the form of cash denominated in sterling to it.

  • 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.

  • 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.

  • Borrower authorizes Bank to hold in pledge the balances required to be held in the Cash Security Account pursuant to Section 6.7 of this Agreement, and to decline to honor any drafts thereon or any request by Borrower or any other Person to pay or otherwise transfer any part of such balances, for so long as any Obligations are outstanding.

  • Upon maturity, if any, of the Cash Security Account in accordance with its terms, or in the event that the Cash Security Account otherwise becomes payable during the term of this Agreement, such maturing Cash Security Account may be presented for payment, exchange, or otherwise marketed by Bank on behalf of Borrowers and the proceeds therefrom used to purchase the security or instrument agreed to by Borrowers and Bank in accordance with the immediately preceding sentence.

  • As well as the financial performance of the café, the opening hours will be kept under regular review and adjustments made where necessary.

  • Borrower shall at all times maintain the Cash Security Account, with a balance of cash in such Cash Security Account at all times greater than or equal to (1) the aggregate amount of all Credit Extensions then outstanding, less (ii) $15,000,000.

  • Each Borrower authorizes Bank to hold in pledge the balances required to be held in the Cash Security Account pursuant to Section 6.12 of this Agreement, and to decline to honor any drafts thereon or any request by a Borrower or any other Person to pay or otherwise transfer any part of such balances, for so long as any Obligations are outstanding.


More Definitions of Cash Security Account

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, 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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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 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 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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Related to Cash Security Account

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

  • Senior Security Account means an account maintained and specifically allocated to a Series under the terms of this Agreement as a segregated account, by recordation or otherwise, within the custody account in which certain Securities and/or other assets of the Fund specifically allocated to such Series shall be deposited and withdrawn from time to time in accordance with Certificates received by the Custodian in connection with such transactions as the Fund may from time to time determine.

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

  • Maturity Account means an account or accounts required to be established by the Corporation (and which shall be maintained by and subject to the control of the Trustee) for each series of Debentures issued pursuant to and in accordance with this Indenture;

  • 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.

  • 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.

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

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

  • Controlled Deposit Account means each deposit account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • 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).

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.

  • 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.

  • 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.

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

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • 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.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).