Deposit Account Pledge definition

Deposit Account Pledge means the deed of pledge in respect of Deposit Account to be executed by the Borrower in favour of the Lender in such form as the Lender may approve or require;

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Deposit Account Pledge as used in the Loan Agreement shall from and after the date of this Modification Agreement refer to said Assignment of Accounts dated March 24, 2011 given by Borrower to Lender and all amendments, modifications and/or replacements thereof, and accordingly, the term “Collateral” as defined in Section 3 of the Loan Agreement shall include, without limitation, the “collateral” as described in said Assignment of Accounts and said Assignment of Accounts shall be included as one of the “Loan Documents” as said term is defined in the Loan Agreement.

Deposit Account Pledge means the pledge agreement executed ---------------------- and delivered by Aristotle in favor of Bank with respect to the Deposit Account on the Closing Date.

Examples of Deposit Account Pledge in a sentence

• This Agreement supersedes and replaces that certain Cash and Deposit Account Pledge and Security Agreement dated as of February 25, 2008 among the Original Borrower and Lender with respect to the Loan, which agreement shall terminate and be of no further force or effect.

• Notwithstanding the foregoing, Loan Parties shall not be required to obtain an Account Control Agreement or satisfy the Foreign Deposit Account Pledge Requirement with respect to Excluded Accounts.

• Such funds shall at all times be pledged to the Lender pursuant to the Deposit Account Pledge and Control Agreement.

• No Loan Party shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which (i) Agent has an Account Control Agreement or (ii) the Foreign Deposit Account Pledge Requirement has been satisfied.

• Contemporaneously with and as a condition precedent to the Lender entering into this Agreement, to evidence the New Borrower’s agreement to assume the obligations of the Existing Borrower under the Existing Deposit Account Pledge Agreement, the New Borrower has executed and delivered to the Lender an Amended and Restated Deposit Account Pledge and Control Agreement dated as of even date herewith (the “Amended and Restated Deposit Account Pledge Agreement”).

• The Amended and Restated Deposit Account Pledge Agreement is an amendment and restatement of the Existing Deposit Account Pledge Agreement.

• Borrower has good and marketable title to the Collateral, free and clear of all liens and encumbrances of every nature whatsoever (other than security interest in favor of Bank), and has full power and authority to enter into and deliver the Deposit Account Pledge and to grant Bank a first in priority security interest in and to the Collateral to Bank as security for the Liabilities.

• Each of the NMLP Accounts (except those in the name of any NMLP Partnership as to which there remains unpaid any First Mortgage Debt or Other Second Mortgage Debt, any Partially Owned Limited Partnership, ▇▇▇▇▇▇▇ Capital LLC, or ▇▇▇▇▇▇▇ Asset Management LLC) shall be subject to the NMLP Deposit Account Pledge and Security Agreement.

• The undersigned Lenders constituting Requisite Lenders hereby authorize the Collateral Agent to enter into the Deposit Account Pledge Agreement, any Deposit Account Control Agreements and any replacements of or supplements to any of the foregoing as the Collateral Agent may deem necessary or advisable to carry out the intent of the Amended Credit Agreement and the other Loan Documents.

• Cash and Deposit Account Pledge and Security Agreement, together with Deposit Account Control Agreement.

More Definitions of Deposit Account Pledge

Deposit Account Pledge means the instrument pursuant to which the Borrower grants to the Bank a first ranking security interest in the Deposit Account, together with the notices and acknowledgements and consents in the forms attached thereto, which instrument shall be in form and substance satisfactory to the Bank.

Deposit Account Pledge. “Iokasti”, “Mortgage Addendum”, “Original Ship”, “PACHINO” and “SAMATAN” set out in Clause 1.2 of this Second Supplemental Agreement;