Letter of Credit Account means, with respect to any Borrower, the account established by such Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, XX 00000 designated as the "[Borrower's Name] Letter of Credit Account" and used solely for the purposes set forth in Sections 2.02(b) and 2.12.

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.

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 270 Park Avenue, New York, NY 10017, designated as the “United Airlines L/C Account” that shall be used solely for the purposes set forth herein.

Examples of Letter of Credit Account in a sentence

The Borrower hereby pledges to the Collateral Agent, for its benefit and for the benefit of the other Secured Parties, and hereby grants to the Collateral Agent, for its benefit and for the benefit of the other Secured Parties, a first priority security interest, senior to all other Liens, if any, in all of the Borrower’s right, title and interest in and to the Letter of Credit Account, any direct investment of the funds contained therein and any proceeds thereof.
Cash held in the Letter of Credit Account shall not be available for use by the Borrower, and shall be released to the Borrower only as described in Section 2.02(j).
The Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the Letter of Credit Account.

More Definitions of Letter of Credit Account

Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Collateral Agent maintained at the office of the Collateral Agent at Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000 designated as the “Spirit Pledge Account” that shall be used solely for the purposes set forth herein.

Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Agent maintained at the office of the Agent at 270 Park Avenue, New York, New York 10017 designated as the "Burlixxxxx Xxxxxx xx Xxxxxx Xxxxxxx" xxxx xxxxl be used solely for the purposes set forth in Sections 2.03(b) and 2.13.

Letter of Credit Account means the account established by the Borrower after the Closing Date under the sole and exclusive control of the Collateral Agent maintained at the office of the Collateral Agent, which shall be used solely for the purposes set forth herein.

Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Paying Agent maintained at the office of the Paying Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the "United Airlines Letter of Credit Account" that shall be used solely for the purposes set forth in Sections 2.03(b) and 2.13.

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 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delta Air Lines LC Account” that shall be used solely for the purposes set forth herein.

Letter of Credit Account means the account so designated which is established and created as a separate account within the Bond Fund pursuant to Section 402 of the Indenture;