Commodities Account definition

Commodities Account has the meaning assigned to such term in the UCC.

Commodities Account is defined in the Security Agreement.

Commodities Account as defined in the UCC.

Examples of Commodities Account in a sentence

• I/We hereby agree to deposit and maintain such Margin and meet immediately on demand all Margin calls and or demands for Variation Adjustments thereto and provide you with such guarantees and other security in such amount, form and within such time and on such terms as you may from time to time designate in relation to the Commodities Account.

• I/We shall open and maintain a Commodities Account with you for recording all my/our Commodities trading transactions made pursuant to these Additional Terms.

• I/We represent and warrant to you that the Commodities Account maintained with you is not an omnibus account.

• I/We represent and warrant to you that the Commodities Account maintained with you does not constitute an omnibus account.

• Without limiting the foregoing, neither the Borrower nor any Loan Party shall open any Deposit Account, Commodities Account or Securities Account unless prior written notice has been provided to the Administrative Agent and, if the Administrative Agent so requires, such account is subject to a Deposit Account Control Agreement or an Account Control Agreement, as applicable, in form and substance acceptable to the Administrative Agent prior to the utilization of such account.

More Definitions of Commodities Account

Commodities Account shall have the meaning set forth in Article 9 of the UCC.

Commodities Account. “Deposit Accounts”, “Document”, “Electronic Chattel Paper”, “Equipment”, “Fixture”, “General Intangible”, “Goods”, “Instruments”, “Inventory”, “Investment Property”, “Letter-of-Credit Right”, “Securities Account”, “Securities Entitlement”, “Supporting Obligation” and “Tangible Chattel Paper”).

Commodities Account shall have the meaning set forth in Article 9 of the Uniform Commercial Code.

Commodities Account. “Deposit Account”, “Document”, “Farm Products”, “Financial Asset”, “Fixture”, “General Intangible”, “Instrument”, “Inventory”, “Investment Property”, “Lease”, “Lessor”, “Letter-of-Credit Rights”, “money”, “Payment Intangibles”, “Proceeds”, “Product”, “Record”, “Secured Party”, “Securities Account”, “Security”, “Security Entitlement”, “Security Interest” and “Supporting Obligation”. To the extent the definition of any category or type of Collateral is expanded by any amendment, modification or revision to the Uniform Commercial Code, such expanded definition will apply automatically as of the effective date of such amendment, modification or revision.

Commodities Account has the meaning set forth in the Code.

Commodities Account means a commodities account (as such term is defined in the Code).

Commodities Account means (a) all “commodity accounts” as defined in Article 9 of the UCC and (b) all of the accounts listed on Schedule 4.4 to the Pledge and Security Agreement under the heading “Commodities Accounts” (as such Schedule may be amended or supplemented from time to time in accordance with the Pledge and Security Agreement).