Collateral Accounts definition

Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.
Collateral Accounts has the meaning given to such term in Section 6.3.

Examples of Collateral Accounts in a sentence

  • Notwithstanding anything herein or in any other Loan Document to the contrary, Borrowers may maintain other bank accounts or securities accounts in addition to the Collateral Accounts that will not be considered “Collateral” or a “Collateral Account” and such other accounts shall not be subject to control agreements or other restrictions; provided that, all Capital Contributions are directed and deposited as provided above.

  • All amounts due under this Section 12.06 shall be payable: (A) promptly (but not later than ten (10) Business Days after demand therefor), to the extent such funds are available in the Collateral Accounts; and (B) promptly (but in any event within twenty (20) Business Days of demand by Administrative Agent), to the extent that it is necessary for a Borrower to issue Capital Call Notices to fund such required payment.

  • Upon the exercise of a notice of control in accordance with Sections 10.02 and 10.03, pursuant to the terms of the applicable Account Control Agreement, each Borrower hereby irrevocably authorizes and directs the ultimate Secured Parties, acting through Administrative Agent, to charge from time to time the Collateral Accounts for amounts not paid by Borrowers hereunder or under the Notes.


More Definitions of Collateral Accounts

Collateral Accounts means, where the context requires, all Collateral Accounts, collectively.
Collateral Accounts has the meaning set forth in Section 8.01(a).
Collateral Accounts shall have the meaning set forth in Section 3.1.1.
Collateral Accounts is defined in Section 4.3(b).
Collateral Accounts means any account designated as such by Lender pursuant to a Collateral Agreement or as established pursuant to this Loan Agreement, including the Reserve/Escrow Account.
Collateral Accounts shall have the meaning given to it in the Depository Agreement.
Collateral Accounts shall have the meaning set forth in the Loan Agreement (Mortgage).