LC Collateral Accounts definition

LC Collateral Accounts is defined in Section 2.22(b).
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LC Collateral Accounts has the meaning assigned to such term in Section 2.05(j).
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LC Collateral Accounts means, collectively, the Company LC Collateral Account and the Canadian Borrower LC Collateral Account. “LC Disbursement” means a payment made by any Issuing Bank pursuant to a Letter of Credit.
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Examples of LC Collateral Accounts in a sentence

  • Amounts, if any, on deposit in the LC Collateral Accounts on the Final Payout Date shall be remitted by the Administrator to the Seller.

  • In December 1998, despite the devastating floods, net savings in the oldest branches increased by 13% and was quickly moving the net savings position to its December 1997 level.

  • The Administrator shall have exclusive dominion and control, including the exclusive right of withdrawal, over the LC Collateral Accounts.

  • Dave Wagner moved to authorize the Clerk-Treasurer to release SRF funds equaling $56,794.50 to Chandler’s Excavating as per Contractor’s Progress Estimate #2 submitted by Butler-Fairman-Seufert, along with change order #1.

  • The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such accounts and the Borrowers hereby grant the Administrative Agent a security interest in the L/C Collateral Accounts.

  • Other than pxxxx cash not exceeding $10,000 in the aggregate for all Debtors and funds deposited in L/C Collateral Accounts, each Debtor shall deposit and keep on deposit all of its funds into a Deposit Account which is subject to an Account Control Agreement.

  • Whether the duties and responsibilities of Group Members when providing medical services included, from time to time, the performance of ward rounds.

  • The Letter of Credit Administrative Agent shall exercise remedies under the L/C Collateral Accounts Security Agreement on behalf of the Lenders under each Letter of Credit Facility in respect of the collateral pledged in favor of the Letter of Credit Administrative Agent on behalf of such Lenders only at the written direction of the Majority Holders with respect to such Letter of Credit Facility.

  • Each Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account or such account shall be subject to a Deposit Account Control Agreement and/or acknowledgement of notice, as applicable, and each Borrower other than the UK Borrower hereby grants the applicable Collateral Agent (for the 77 benefit of the Agents, the applicable Lenders and the applicable Issuing Banks) a security interest in the LC Collateral Accounts.

  • Following the date hereof, no Debtor shall establish any Deposit Account (other than L/C Collateral Accounts), securities account, brokerage account or other similar account with any financial institution, unless the Secured Party and such Debtor shall have previously entered into an Account Control Agreement with such financial institution which purports to cover such account.


More Definitions of LC Collateral Accounts

LC Collateral Accounts means, collectively, the Company LC Collateral Account and the Canadian Borrower LC Collateral Account.
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LC Collateral Accounts means the Revolving LC Collateral Account and the Term LC Collateral Accounts.
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LC Collateral Accounts means collateral accounts (maintained in Canadian Dollars or U.S. Dollars, as the case may be) in the form of a deposit account established and maintained by the Administrative Agent for the benefit of the Secured Creditors, in accordance with the provisions of Section 2.13.
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Related to LC Collateral Accounts

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • L/C Cash Collateral Account means any Cash Collateral Account (a) specifically designated as such by the Borrower in a notice to the Administrative Agent and (b) from and after the effectiveness of such notice, not containing any funds other than those required under the Loan Documents to be placed therein.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

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

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Credit Account is modified to read “Grant Account”.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Liquidity Account Investments means Deposit Securities or any other security or investment owned by the Fund that is rated not less than A3 by Moody’s, A- by Standard & Poor’s, A- by Fitch or an equivalent rating by any other NRSRO (or any such rating’s future equivalent).

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.