Examples of Holding Account Agreement in a sentence
The Credit Facility and all other amounts due under this Credit Agreement shall be secured in accordance with the terms of the Holding Account Agreement.
Not later than April 30, 2001, Borrowers shall (a) establish the Holding Account at Agent, (b) notify their customers to make payment of amounts due to Borrowers and Guarantor directly to the Holding Account, and (c) deliver to Agent the Holding Account Agreement executed by Borrowers and Guarantor.
The Credit Agreement and all other amounts due under this Agreement shall be secured in accordance with the terms of the Holding Account Agreement.
Scotiabank and the Trust entered into a Holding Account Agreement (“Agreement”) on the 26th day of September 2009, whereby the Scotiabank agreed to provide, to the Customer, storage and related services for gold, silver, platinum, and palladium in bullion form.
The Security Agreement and the Holding Account Agreement shall on the first Drawdown Date create and constitute valid and perfected security interests in and to the properties covered thereby, subject to the exceptions contained therein, enforceable against all third parties, subject to laws affecting creditors' rights generally and applicable equitable principles, and shall secure the Credit Facility.