Collateral Account definition

Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

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Collateral Account any collateral account established by the Administrative Agent as provided in Section 6.1 or 6.4.

Collateral Account means a segregated account so denominated which is specifically allocated to a Series and pledged to the Custodian as security for, and in consideration of, the Custodian's issuance of (a) any Put Option guarantee letter or similar document described in paragraph 8 of Article V herein, or (b) any receipt described in Article V or VIII herein.

Examples of Collateral Account in a sentence

In addition, and without limiting the foregoing or Section 2.05(d), if any L/C Obligations remain outstanding after the expiration date specified in said Section 2.05(d), the Borrowers shall immediately deposit into the Collateral Account an amount in cash equal to 103% of such L/C Obligations as of such date plus any accrued and unpaid interest thereon.
Notwithstanding any provision of Section 2.15 to the contrary, assets credited to a Collateral Account may be invested, liquidated and reinvested in cash and Cash Equivalents from time to time.
The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the Collateral Account.
Interest or profits, if any, on such investments shall accumulate in the Collateral Account.
Maintain each Collateral Account and Excluded Account, to the extent required under Section 2.15 or any other applicable provision of any Loan Document.

More Definitions of Collateral Account

Collateral Account has the meaning specified in the Security Agreement.

Collateral Account is defined in Section 9.4 hereof.

Collateral Account has the meaning assigned to that term in the Collateral Account Agreement.

Collateral Account means the collateral account or sub-account established and maintained by the Collateral Agent in its name as Collateral Agent for the benefit of the Secured Parties, in accordance with the provisions of the Security Agreement.

Collateral Account means any account established by the Collateral Agent.

Collateral Account has the meaning specified in Section 2.03(o).

Collateral Account has the meaning set forth in Section 4.01(a)(i).