Deposit Account Collateral definition

Deposit Account Collateral means that part of the Common Collateral (if any) comprised of or contained in Deposit Accounts or Securities Accounts.

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Deposit Account Collateral means all the Deposit Accounts into which Rents or Proceeds are deposited at any time from the commencement of the Loan term through the satisfaction of all of the Obligations.

Deposit Account Collateral shall have the meaning provided in Section 12.5(a) hereof.

Examples of Deposit Account Collateral in a sentence

Upon receipt of notice of any lien, charge or other adverse claim against any Deposit Account Collateral (including any writ, garnishment, judgment, warrant of attachment, execution or similar process), the Bank will promptly notify the Collateral Agent and the Loan Party thereof.
The Borrower agrees that Lender may deduct from the proceeds available to Lender after sale or conversion of any of the Deposit Account Collateral any reasonable expense, fees or charges resulting from such sale or conversion.
If the Bank has or subsequently obtains by agreement, operation of law or otherwise a security interest or other Lien in any Deposit Account or any Deposit Account Collateral deposited therein or credited thereto, the Bank hereby agrees that such security interest or other Lien shall be subordinate to the security interest of the Collateral Agent.
The Bank shall follow its usual operational procedures for the handling of any checks, money orders, drafts, instruments, electronic funds transfers or other forms of remittance and all funds of the Loan Party received in or for credit or deposit to a Deposit Account and shall maintain a record of all such Deposit Account Collateral.
Upon the occurrence of an Event of Default, Lender may exercise in respect of the Deposit Account Collateral, in addition to other rights and remedies provided for herein or otherwise available to it, all of the rights and remedies of a secured party upon default under the Uniform Commercial Code then in effect in the applicable jurisdiction.

More Definitions of Deposit Account Collateral

Deposit Account Collateral means that part of the Common Collateral comprised of Deposit Accounts.

Deposit Account Collateral and “SCA Collateral,” respectively) will be held for Broker by Custodian as Securities Intermediary of Broker and shall be held by Custodian as agent of and Custodian for Broker and other than as specifically contemplated herein, Broker shall be the only Entitlement Holder thereof.

Deposit Account Collateral shall have the meaning specified in Section 20.

Deposit Account Collateral. Section 2(c) “Primary Custody Agreement” Section 5(d) “Required Securities Margin Value” Section 4(a) “SCA Collateral” Section 2(c)

Deposit Account Collateral means all the Deposit Accounts into which Rents are deposited at any time from the commence- ment of the loans through the satisfaction of all of the obliga- tions.

Deposit Account Collateral means that portion of the Collateral consisting of "deposit accounts" (as such term is defined in the UCC) and the proceeds thereof.

Deposit Account Collateral means that certain demand account number 0692-37808 established with C▇▇▇ ▇▇▇▇▇▇ Bank in Rosemont, Illinois (the “Proceeds Account”) and any replacement or successor accounts and all other Deposit Accounts and/or Securities Accounts over which Lender has obtained a Control Agreement into which Rents, Insurance Proceeds, Condemnation Proceeds or Proceeds of the Property are deposited or held at any time from the commencement of the Loan term through the satisfaction of all of the Obligations and shall include all funds in such Deposit Accounts..