Examples of Issuer Dutch Account in a sentence
In such circumstances, the other assets (including the Issuer Dutch Account and its rights under the Management Agreement) of the Issuer will not be available for payment of such shortfall which shall be borne by the Noteholders and the other Secured Parties in accordance with the Priorities of Payment (applied in reverse order).
The Notes will also be secured by an assignment by way of security of various of the Issuer’s other rights, including its rights under certain of the agreements described herein but excluding its rights in respect of the Issuer Dutch Account and the Issuer Management Agreement.
The Issuer has established the Issuer Dutch Account with a bank situated in The Netherlands.
Pursuant to a pledge of account dated 23 November 2005, the Issuer granted a pledge in favour of the Managing Director of the Issuer over the Issuer Dutch Account and all amounts standing to the credit thereof as security for the Issuer’s obligations to the Managing Director under the Management Agreement.
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