Disposal Account definition

Disposal Account means a bank account:

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Disposal Account means the account (including but not limited to an Account) maintained with the Bank nominated by the Customer for the purpose of holding funds which are not accepted as a SID Deposit or which are withdrawn from a SID Deposit.

Disposal Account. " means a bank account held by the Issuer with a reputable bank or financial institution into which the Företagsparken ExitApplicable Proceeds, the Point Disposal Proceeds and/or any repayment of principal under the Promissory Note will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent), and which is subject to a duly perfected security, and from which no withdrawals may be made except in order to carry out a mandatory partial prepayment in accordance with Clause 11.6 (Mandatory partial prepayment9.4 (Mandatory partial redemption).

Examples of Disposal Account in a sentence

The parties agree that TCEQ’s obligations under this Contract are contingent upon the continued availability of sufficient funds in the Municipal Solid Waste Disposal Account.
The parties agree that all funding arranged under this Agreement is subject to sufficient funds in the Municipal Solid Waste Disposal Account.
The source of the funds provided by the TCEQ is the Solid Waste Disposal and Transportation Fees, as stated in Texas Health and Safety Code § 361.013 and the Municipal Solid Waste Disposal Account, as listed in Texas Health and Safety Code § 361.014(d).
For purposes of clarifying clause (iii) above, contracts in place as of the date hereof with existing customers of RSG, Seller or their Affiliates shall not be considered a solicitation or acceptance of existing ▇▇▇▇▇▇▇▇ Disposal Account business.
Due to demands upon that source for funds necessary to protect the health and safety of the public, it is possible that the funds contained in the Municipal Solid Waste Disposal Account, as proscribed in Texas Health and Safety Code 361.014(d), may be depleted or reduced prior to completion of this Agreement.

More Definitions of Disposal Account

Disposal Account means the account designated as such under the terms of this Agreement and opened and maintained by the Company pursuant to Clause 14 (Bank Accounts).

Disposal Account means an account where:

Disposal Account means an account pledged on first priority and blocked in favour of the Bond Trustee as per Clause 13.2 (g).

Disposal Account means the account referred to in Clause 21.1.3 (Bank Accounts) and includes any replacement account or sub-division of that account.

Disposal Account means an account blocked and pledged in favour of the Security Agent (on behalf of the Secured Parties).

Disposal Account means an account with an Acceptable Bank where the net proceeds received from a Disposal Event, Total Loss Event or a Piracy Event shall be paid directly into that account, which shall be pledged and blocked in favour of the Bond Trustee (on behalf of the Secured Parties).

Disposal Account means an account in the name of the Issuer, blocked and pledged on first priority in favour of the Security Agent (on behalf of the Secured Parties).