Extraordinary Proceeds Account definition

Extraordinary Proceeds Account means the special account designated by that name and established by the Administrative Agent pursuant to the Deposit Account Agreement.

Extraordinary Proceeds Account has the meaning provided in Section 8.01(i) (Establishment of Project Accounts).

Extraordinary Proceeds Account has the meaning provided in Section 3.01(a)(x) of the Accounts Agreement.

Examples of Extraordinary Proceeds Account in a sentence

• All proceeds of any disposition of such assets pursuant to clause (c) above shall be applied to the prepayment of Loans to the extent required under Section 2.07(a) and shall be deposited into the Extraordinary Proceeds Account pursuant to the Deposit Account Agreement.

• The Borrower shall not make, direct, or request the Accounts Bank to make, any withdrawals from the Insurance, Condemnation and Extraordinary Proceeds Account except as permitted by this Section 4.6 and provided that no Notice of Suspension has been delivered that has not been withdrawn and no Event of Default has occurred and is continuing or would occur as a result of such transfer or withdrawal.

• On and after the Closing Date, all Extraordinary Proceeds shall be deposited into the Extraordinary Proceeds Account.

• All proceeds of any disposition of such assets pursuant to clauses (c) and (d) above shall be applied to the prepayment of Loans to the extent required under Section 2.07(a) and shall be deposited into the Extraordinary Proceeds Account pursuant to the Deposit Account Agreement.

• Until the Discharge Date, the Borrower shall cause all Insurance Proceeds, all Condemnation Proceeds and all Extraordinary Proceeds to be deposited in or credited to the Insurance, Condemnation and Extraordinary Proceeds Account.

More Definitions of Extraordinary Proceeds Account

Extraordinary Proceeds Account has the meaning provided in Section 3.01(a)(viii) (Establishment of Project Accounts).

Extraordinary Proceeds Account has the meaning provided in Section 8.01(q)

Extraordinary Proceeds Account has the meaning given to that term in Clause 8.4(b).

Extraordinary Proceeds Account means account number H10-740-047088 of the Borrower, established with the Depositary Bank pursuant to the Depositary Agreement. “Exxon Member” means ExxonMobil Permian Double E Pipeline LLC. “Facility” means the L/C Facility, the Working Capital Facility, the Term Loan Facility, a given Refinancing Series of Other Revolving Credit Commitments, a given Extension Series of Extended Working Capital Commitments, a given Class of Incremental Term Loans, a given Class of Incremental Revolving Credit Loans, a given Refinancing Series of Refinancing Term Loans, or a given Extension Series of Extended Term Loans, as the context may require. “FATCA” means Sections 1471 through 1474 of the Code (including, for the avoidance of doubt, any agreements entered into pursuant to Section 1471(b)(1) of the Code), as of the Closing Date (and any amended or successor version thereof that is substantively comparable and not materially more onerous to comply with), any current or future Treasury Regulations or other official administrative guidance promulgated thereunder, and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities entered into in connection with the implementation of the foregoing. “Federal Funds Rate” means, for any day, the rate calculated by the NYFRB based on such day’s federal funds transactions by depositary institutions, as determined in such manner as the NYFRB shall set forth on its public website from time to time, and published on the next succeeding Business Day by the NYFRB as the federal funds effective rate; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business 169 KE 73718588.20 US-DOCS\142539518.2141222994.8

Extraordinary Proceeds Account has the meaning provided in Section 8.01(i) (Establishment of Project Accounts) of the Amended Credit Agreement

Extraordinary Proceeds Account means account number [***] of the Borrower, established with the Depositary Bank pursuant to the Depositary Agreement.

Extraordinary Proceeds Account is defined in Section 4.1(f).