Collateral Agent Account definition

Collateral Agent Account means the deposit account established by the Collateral Agent with its corporate trust department in the name of the Borrower for the deposit of Advances and proceeds of the Collateral for further credit to the Collection Account.
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Collateral Agent Account has the meaning assigned to such term in Section 2.21(d).
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Collateral Agent Account shall have the meaning assigned to such term in Section 5.11(b).
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Examples of Collateral Agent Account in a sentence

  • Each Loan Party hereby acknowledges and agrees that (i) such Loan Party has no right of withdrawal from the Collateral Agent Account, (ii) the funds on deposit in the Collateral Agent Account shall at all times continue to be collateral security for all of the Secured Obligations, and (iii) the funds on deposit in the Collateral Agent Account shall be applied as provided in this Agreement and the Intercreditor Agreement.

  • Subject to the terms of the Security Agreement, all amounts received in the Collateral Agent Account shall be applied (and allocated) by the Administrative Agent in accordance with Section 2.10(b); provided, that if the circumstances described in Section 2.18(b) are applicable, all such amounts shall be applied in accordance with such Section 2.18(b).

  • Xxxx GmbH as Pledgor and Canadian Imperial Bank of Commerce as Collateral Agent Account Pledge Agreement (Sept 14, 2007) by and among Casar X.

  • The funds on deposit in the Collateral Agent Account shall be applied in accordance with this Agreement and any Permitted Intercreditor Agreement, if applicable.

  • Any Net Proceeds with respect to which a Reinvestment Notice shall have been delivered as described above shall be required, prior to the earlier of (i) the application thereof to make any Qualified Investment and (ii) the application thereof to make a prepayment under this paragraph, to be deposited into a Collateral Agent Account or another deposit account that is subject to an Account Control Agreement.

  • Debenture (Feb 8, 2007) by and among WRCA (Cyprus) Holdings Limited and Canadian Imperial Bank of Commerce as Collateral Agent Account Pledge Agreement (Dec 17, 2010) by and among Casar X.

  • Additionally, funds initially deposited into the Collateral Agent Account are swept regularly into the Lock-Box Account.

  • In entering into this Amendment and the performance of duties hereunder, the Collateral Agent, Account Bank and Collateral Administrator shall be entitled to all of their respective rights, benefits, protections, immunities set forth in the Transaction Documents.

  • Any amounts held or received in the Collateral Agent Account (including all interest and other earnings with respect thereto, if any) (x) upon the occurrence of the DDTL Termination Date or (y) when no DSCR Trigger Event exists, shall (subject in the case of subclause (x) to the provisions of any Intercreditor Agreement, if applicable) be remitted to an account of the Borrower designated by the Borrower to the Administrative Agent.

  • The funds on deposit in the Collateral Agent Account shall be applied in accordance with this Agreement and any Intercreditor Agreement, if applicable.


More Definitions of Collateral Agent Account

Collateral Agent Account means such account as the Collateral Agent shall designate from time to time pursuant to Section 4.10 of the Participation Agreement by notice to each of the other parties.
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Collateral Agent Account means, for any reserve established pursuant to this Agreement or the other Loan Documents, an account of the type customarily maintained by Collateral Agent or its servicing agent for (and may be commingled with) similar reserves or Collateral Agent's general funds. Such account shall be in Collateral Agent's name, as agent for the Lenders, or such other account name as Collateral Agent may elect. Such account shall be maintained at a financial institution or other depository selected by Collateral Agent (or its servicer) in its sole discretion.
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Collateral Agent Account means the following account at U.S. Bank: US Bank NA ABA: xxxxxxxxx DDA: xxxxxxxxxxxx REF: xxxxxxxxxxxxx
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Related to Collateral Agent Account

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Agent Account means such account of the Administrative Agent as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Collateral Agent Fee means the fee payable to the Collateral Agent in arrears on each Quarterly Payment Date in an amount specified in the Collateral Agent Fee Letter.

  • Collateral Agent Fees means the fees due to the Collateral Agent pursuant to the Collateral Agent and Collateral Custodian Fee Letter.

  • Collateral Agent Fee Letter means the fee letter between the Collateral Agent and the Borrower setting forth the fees and other amounts payable by the Borrower to the Collateral Agent, the Custodian and the Securities Intermediary under the Facility Documents, in connection with the transactions contemplated by this Agreement.

  • Collateral Agent Expenses means all accrued and unpaid expenses (including reasonable attorneys’ fees, costs and expenses) and indemnity amounts payable by the Borrower to the Collateral Agent under the Transaction Documents.

  • Collateral Agent as defined in the preamble hereto.

  • Trust Collateral Agent means such successor Person.

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

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • 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 Agents means the Credit Agreement Collateral Agent, the Initial Additional First Lien Collateral Agent and each Additional Collateral Agent.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Control Agent has the meaning specified in the Intercreditor Agreement.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Collateral Trustee has the meaning set forth in the preamble.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Supplemental Collateral Agent has the meaning assigned to that term in subsection 9.1B.

  • Administrative Agent Fee shall have the meaning assigned to such term in Section 2.05(b).

  • ABL Collateral Agent means JPMorgan Chase Bank, N.A., in its capacity as collateral agent for the ABL Facility Secured Parties, together with its successors and permitted assigns under the ABL Facility Agreement and the ABL Facility Collateral Documents.

  • Administrative Agent’s Account means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

  • Administrative Agent Fee Letter means that certain fee letter agreement that shall be entered into between the Borrower and the Administrative Agent in connection with the transactions contemplated by this Agreement, as amended, modified, supplemented, restated or replaced from time to time in accordance with the terms thereof.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.