Casualty Account definition

Casualty Account has the meaning stated in Section 10.7(b).

Casualty Account shall have the meaning set forth for such term in SECTION [2.2(a)] of the Amended Security Deposit Agreement.

Casualty Account means the account established and maintained by the Collateral Trustee into which any insurance proceeds or other payments in connection with the occurrence of a Total Loss to any Vessel then subject to an Initial Charter that has not reached its first optional termination date shall be deposited in accordance with the related Mortgage.

Examples of Casualty Account in a sentence

• All Casualty Proceeds and Condemnation Awards (both as defined in the Indenture, and which are collectively defined in the Indenture as "Available Proceeds") shall be remitted and paid to the Trustee by the Lessee, the Lessor or ADESA, as applicable, for deposit in the Casualty Account (as defined and established under the Indenture) for disbursement, all as provided for in Section 6.3 of the Indenture.

• We have also been able to attract new underwriters, in particular Andrew Wadsworth who will be writing an International Casualty Account.

• Deposits will also be made into the Revenue Account from time to time (i) from certain with drawals of funds from the Pre-Funding Account, the Capitalized Interest Account and the Casualty Account, as set forth in Section 3.3(a)(iv) and (vi), 3.3(b) and 3.3(f), respectively; and (ii) from amounts held in the Termination Account to the extent Insurance Proceeds exceed the related Total Loss Payment.

• The predecessor the ICF Indenture Trustee shall deliver to the successor the ICF Indenture Trustee all documents relating to the ICF Collateral, if any, delivered to it, together with any amount remaining in the ICF Collection Account, the ICF Cash Collateral Account, the ICF Deposit Account, the Casualty Account and each other ICF Securities Account.

• At any time that an Event of Default shall have occurred and be continuing and an Enforcement Action has been initiated, upon its receipt of notice thereof from any Lender, the Collateral Agent shall transfer (or caused to be transferred) from the collected credit balance of the Casualty Account only those amounts as directed in writing by the Required Lenders.

More Definitions of Casualty Account

Casualty Account. The account established pursuant to Section 301 of the ICF Indenture.

Casualty Account means the account established pursuant to Section 301 of the ICF Indenture.

Casualty Account has the meaning stated in Section 10.8(b).

Casualty Account means the casualty account of the Borrower maintained pursuant to Article IV hereof by the Collateral Agent with Citibank's office at 100 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Account No.30000000, ABA No. 02100008-9, FBO A/C 103561 Northeast, Attention: Oxxxxx Xxxxx.

Casualty Account means the account established and maintained by the Collateral Agent pursuant to Section 3.1(f).

Casualty Account means the account established and maintained by the Collateral Trustee into which any insurance proceeds or other payments in connection with the occurrence of a Total Loss to any Vessel shall be deposited in accordance with the related Mortgage.

Casualty Account means the account established and maintained by