CBC Account definition

CBC Account means bank account number IBAN:or such Other CBC Account in the name of the CBC pursuant to the CBC Account Agreement with the CBC Account Bank.

CBC Account means bank account number IBAN: [...] in the name of the CBC pursuant to the CBC Account Agreement with the CBC Account Bank. CBC Account Agreement means the CBC account agreement dated the Programme Date between the CBC, the CBC Account Bank and the Security Trustee substantially in the Agreed Form. CBC Account Bank means Société Générale S.A., Amsterdam Branch or its successor or successors. CBC Account Bank Period means the period from the Programme Date to the last day of June 2021 and thereafter, each period from (and including) the first day of each month to the last day of that same month. CBC Account Rights means all present and future rights (vorderingen) of the CBC vis-à-vis the CBC Account Bank under or in connection with the CBC Account Agreement and in respect of any CBC Transaction Accounts. CBC Back-Up Account means bank account number IBAN: [...] in the name of the CBC held with the CBC Back-Up Account Bank pursuant to CBC Back-Up Account Agreement and any additional or replacement accounts opened in the name of the CBC with the CBC Back-Up Account Bank. CBC Back-Up Account Agent means Citibank Europe Plc or its successor or successors. CBC Back-Up Account Agreement means the CBC back-up account agreement dated the Programme Date between the CBC, the CBC Back-Up Account Bank, the CBC Back-Up Account Agent and the Security Trustee substantially in the Agreed Form. CBC Back-Up means Citibank Europe Plc, Netherlands Branch or its Account Bank successor or successors. CBC Back-Up Account Interest Rate means the interest rate on the relevant day of the CBC Back-Up Account Bank Period for the Back-Up Account minus the margin as set forth in the fee arrangement dated 7 June 2021 from the CBC Back-Up Account Bank and accepted by the CBC or such other interest rate as may be agreed upon from time to time between the CBC and the CBC Back-Up Account Bank. CBC Back-Up Account Rights means all present and future rights (vorderingen) of the CBC vis-à-vis the CBC Back-Up Account Bank under or in connection with the CBC Back-Up Account Agreement and in respect of the CBC Back-Up Account. CBC Deductible Amount has the meaning ascribed to it in Clause 2.6 of the Parallel Debt Agreement. CBC Event of Default means any one of the circumstances described in Condition 10(b).

Examples of CBC Account in a sentence

• Payments by the Insurance Savings Participant to the CBC under this Agreement shall be made in same day funds on the relevant Transfer Date or the relevant CBC Payment Date, as the case may be, into the CBC Account.

• The creation of the right of pledge of the [GSA Rights / Swap Rights / CBC Account Rights / CBC Back-Up Account Rights / [insert new rights]] shall be effected by notification thereof to the [New Transferor / Swap Counterparty / CBC Account Bank / CBC Back-Up Account Bank and the CBC Back-Up Account Agent / [insert new party]] and is hereby notified.

• To the extent required to execute and deliver a valid right of pledge of the [GSA Rights / Swap Rights / CBC Account Rights / CBC Back-Up Account Rights / [insert new rights]], the right of pledge thereof will be established each time the [GSA Rights / Swap Rights / CBC Account Rights / CBC Back-Up Account Rights / [insert new rights]] come into existence.

• By signing this Deed each of the CBC and the [New Transferor / Swap Counterparty / CBC Account Bank / CBC Back-Up Account Bank and the CBC Back-Up Account Agent / [insert new party]] confirms that notification of this Deed and the right of pledge of the [GSA Rights / Swap Rights / CBC Account Rights / CBC Back-Up Account Rights [insert new rights]] has been made in accordance with Article 3:236 paragraph 2 of the Dutch Civil Code.