Indemnity Account definition

Indemnity Account means an indemnity account established and maintained by the Borrower to secure the Borrower's obligations to be incurred with County Bank of Rehoboth Beach, Delaware in connection with Pay-Day Advance Loans, such obligations to be established and governed by the Pay-Day Advance Loan Documents.
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Indemnity Account means a Xxxxx'a compliant or non-interest bearing account held in the name of the Company:
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Indemnity Account means the separate bank account established by the Stockholder Representative that will be used by the Stockholder Representative solely to fund any obligation under Section 2.6(f).
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Examples of Indemnity Account in a sentence

  • The Prepetition Indemnity Obligations shall be secured by a first priority lien on the Prepetition Indemnity Account and the funds therein and by a lien on the Prepetition Collateral.

  • In the event the distributor should fail to perform or commits fraud, the Commodity Indemnity Account reimburses the producer up to 90 percent of their initial investment.

  • The Debtors shall remain liable to the Prepetition Secured Lenders, or any of them as the case may be, for all unpaid Prepetition Indemnity Obligations to the extent that the funds in the Prepetition Indemnity Account are insufficient to satisfy them in full.

  • The Department of Agriculture Commodity Indemnity Account, reported as an Agriculture and Natural Resources nonmajor special revenue fund, secures producers who have placed commodities in the hands of others for commodity distribution.

  • Establishment of Indemnity Account As part of the efforts to integrate the KBFF lending activities into the ABK, most of the loans initially granted through the KBFF were transferred over to create a fully functioning bank.

  • The Prepetition ABL Indemnity Obligations shall be secured by a first priority lien on the Prepetition ABL Indemnity Account and the funds therein.

  • The Working Capital Indemnity Account shall be released and the funds applied in accordance with paragraph 19 of this Final Order upon the receipt by the Working Capital Agent of releases acceptable to the Working Capital Agent in its sole discretion.

  • This is evident in intervention of Senegal to quell Kukoi Samba Sanyang coup of 1981104.

  • In addition to any other provisions in this Interim Order, the Prepetition Indemnity Account shall be maintained until the final resolution of all such objections or claims against the affected Prepetition Secured Party(ies).

  • The Debtors’ residual interest in the Prepetition Revolver Indemnity Account shall be subject to the DIP Liens in accordance with the priorities set forth in this Final Order and the DIP Loan Documents.


More Definitions of Indemnity Account

Indemnity Account means the Indemnity Account established pursuant to Section 5.4(b)(ix) of the Senior Credit Agreement.
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Indemnity Account shall have the meaning set forth in Section 2.2 of the Depositary Agreement.
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Indemnity Account means that certain account in the Control of the Master Trustee into which certain funds equal to $200,000 have been deposited, pursuant to the Cash Collateral Order, as security for any reimbursement, indemnification or similar continuing obligations of the Obligated Group Debtors in favor of the Master Trustee, the Bond Trustees and the Prepetition Secured Creditors.
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Related to Indemnity Account

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Property Account has the meaning set forth in Section 2.8(c).

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Security Account “Software”, and “Supporting Obligations”.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Direct Account : means any Account which is not an ISA Account.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Company-Sponsored Equity Account means an account that is created with the Equity Account Administrator in connection with the administration of the Company’s equity plans and programs, including the Plan.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.