Examples of Charged Accounts in a sentence
Except for the Charged Accounts, no Obligor (other than the Guarantor) has opened or instructed any other Person to open, any accounts.
To: [name of Security Agent] as Security Agent [name of Chargor] (the “Chargor’) Date: [ ] At the request of the Chargor we acknowledge receipt of the notice of charge from the Chargor dated [·] (the “Notice”) in respect of the Charged Account(s).
The Client may from time to time, without need for consent of the Security Holder, by agreement with the Custodian, designate further accounts held with the Custodian under the Custody Agreement as Charged Accounts.
All the accounts maintained or used by any Obligor at any bank or financial institution as at the date of this Agreement have been included within the definition of Charged Accounts.
Further the loan is secured by exclusive and first ranking charge on the Charged Accounts, all Permitted Investments and the Receivables.