Lender Collateral Account definition

Lender Collateral Account means the trust account established pursuant to Section 8.3(d).

Lender Collateral Account means the trust account established pursuant to Section 8.3(d). “Lender Collateral Subaccount” has the meaning set forth in Section 8.3(d)(ii).

Lender Collateral Account means the account established pursuant to Section 8.3(d).

Examples of Lender Collateral Account in a sentence

• In the event that the account bank at which the Lender Collateral Account is maintained ceases to be an Eligible Account Bank, or the account bank with respect to the Lender Collateral Account gives notice that it is terminating the Account Control Agreement, then the Borrower shall, within 60 days of such occurrence, move the Lender Collateral Account to an Eligible Account Bank and cause the successor account bank to enter into a control agreement.

• The Lender Collateral Account may contain any number of subaccounts for the purposes described in this Section 8.3(d).

• The only permitted deposits to or withdrawals from the Lender Collateral Account shall be in accordance with the provisions of this Agreement.

• The Borrower shall not have any legal, equitable or beneficial interest in the Lender Collateral Account (or any subaccount thereof).

• The Lender Collateral Account shall remain at all times with an Eligible Account Bank.

More Definitions of Lender Collateral Account

Lender Collateral Account and which shall be governed solely by the terms of this Agreement and the Account Control Agreement and maintained with the Securities Intermediary in accordance with the Account Control Agreement for the benefit of the Secured Parties. The Collateral Agent shall have exclusive control over such account (and each subaccount thereof) and the sole right of withdrawal. The Lender Collateral Account may contain any number of subaccounts for the purposes described in this Section 8.3(d) . The only permitted deposits to or withdrawals from the Lender Collateral Account shall be in accordance with the provisions of this Agreement. The Borrower shall not have any legal, equitable or beneficial interest in the Lender Collateral Account (or any subaccount thereof).

Lender Collateral Account means a general interest bearing deposit account established at and maintained by Lender and under the exclusive dominion and control of Lender, into which Collateral in the form of cash shall be deposited for purposes of collateralizing Letter of Credit obligations as set forth herein, and as to which Lender has "control" pursuant to Section 9-104 of the UCC.

Lender Collateral Account has the meaning assigned to such term in Section 4.01.

Lender Collateral Account has the meaning assigned to such term in Section 4.01 of the Lender Security Agreement.

Lender Collateral Account means a special collateral account (a) maintained in the name of the applicable Ratings Affected Lender (as defined in sub-clause 8.8.2 of Clause 8.8 (Ratings Affected Lenders)), but under the sole dominion and control of the Agent, for the benefit of the relevant Issuing Bank, (b) maintained pursuant to documentation reasonably satisfactory to the Agent and the Issuing Bank at the Agent’s office at the address specified pursuant to sub-clause 36.2.3 of Clause 36.2 (Contact details) and (c) in which such Ratings Affected Lender shall not have an interest other than as set forth in sub-clause 8.8.5 of Clause 8.8 (Ratings Affected Lenders).