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

• After (A) no Event of Default shall be continuing or (B) all such Letters of Credit shall have expired or been fully drawn upon and all other obligations of the Borrower hereunder and under the Notes shall have been paid in full, the balance, if any, in such L/C Cash Collateral Account shall be returned to the Borrower.

• Upon the drawing of any Letter of Credit, to the extent funds are on deposit in the L/C Cash Collateral Account, such funds shall be applied to reimburse the Issuing Banks to the extent permitted by applicable law.

• The Collateral Account shall be held in the name of and subject to the exclusive dominion and control of the Administrative Agent for the benefit of the Administrative Agent, the Lenders, and the L/C Issuer.

• In addition, within ten (10) Business Day following the end of each fiscal year starting with the year ending December 31, 2025, the Company shall provide to the Trustee (and request the Trustee to provide a copy to the Holders) an annual statement of the Collateral Account prepared by the Collateral Agent confirming the amount of Bitcoin in the Collateral Account.

• The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account, and the Borrower hereby grants the Administrative Agent, for the benefit of the Secured Parties, a First Priority security interest in the LC Collateral Account.

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

Collateral Account means any account established by the Collateral Agent.

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

Collateral Account means a segregated account or accounts established and maintained by the Custodian for the purpose of holding Collateral and Approved Investments, and interest, dividends and other payments and distributions received with respect to Collateral and Approved Investments (“Distributions”). A Collateral Account may include a joint account as permitted by the Securities Lending Guidelines.