Holdback Account definition

Holdback Account has the meaning set forth in Section 4.5(a).

Holdback Account means the account held by Servicer pursuant to the terms of the applicable Servicing Agreement, if any, in each case, into which any Holdback Amounts with respect to BPL – Holdback may be deposited and held. Administrative Agent shall have a perfected security interest in all such accounts and Seller Party acknowledges that Administrative Agent shall have no obligations of any kind to remit any additional amounts into the related Holdback Account.

Holdback Account has the meaning set forth in Section 2.5(a)(ii). “Holdback Amount” has the meaning set forth in Section 2.5(a)(i).

Examples of Holdback Account in a sentence

• The Settlement Escrow shall initially be comprised of three subaccounts (the “Accounts”), to be used solely for such purposes as are set forth in Section I above: (1) the Settlement Escrow Account, (2) Lien Holdback Account, and (3) the Administration Account.

• The City would make monthly deposits into the Holdback Account equal to one-third of the quarterly payment that the Service Corporations owed to the Swap Counterparties.

• However, the City has made all of its required payments to the Swap Counterparties through the Holdback Account.

• All interest on or income realized by investment of the Escrowed Funds or any portion hereof shall be accumulated and added to the Escrowed Funds, and further provided that any such interest or investment income earned on the Settlement Escrow Account or the Lien Holdback Account pursuant to Section VII shall be transferred to the Administration Account on a monthly basis.

• Except as contemplated herein, no Seller Party shall pledge, transfer or convey any security interest in any Holdback Account or Custodial Account to any Person without the express written consent of Administrative Agent.

More Definitions of Holdback Account

Holdback Account. As defined in Section 4.4.

Holdback Account means each segregated account held by the related Holdbank Bank, which account is held by the applicable Seller and into which any Holdback Amounts (exclusive of the related Non-Segregated Holdback Amounts) with respect to the Purchased Assets shall be deposited. Buyer shall have a perfected security interest in each such account and all amounts deposited therein from time to time and the applicable Seller acknowledges that Buyer shall have no obligations of any kind to remit any additional amounts into the related Holdback Account.

Holdback Account shall have the meaning set forth in Section 2.13(a).

Holdback Account has the meaning ascribed to it in the Allocation Agreement.

Holdback Account means an account established by ETP in the name of the Contributor Representatives with the ETP Transfer Agent into which are deposited the Holdback Units.

Holdback Account means an interest bearing account in the joint names of the Seller and the Buyer with the Escrow Bank, which shall be dealt with in accordance with Schedule 9 and the Holdback Agreement.

Holdback Account is defined in Section 4.2 of the Pooling Agreement.