Letter of Credit Account definition

Letter of Credit Account means the account established by the ------------------------ Borrowers 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 "Federal-Mogul Corporation Letter of Credit Account" that shall be used solely for the purposes set forth in Sections -------- 2.3(a) 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 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 Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the Letter of Credit Account.

• 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 Borrower and the Guarantors hereby pledge to the Collateral Agent, for its benefit and for the benefit of the other Secured Parties, and hereby grant 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 and the Guarantors’ 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 102 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).

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 Agent maintained at the office of the Agent at 270 Park Avenue, New York, New York 10017 designated as the "ACT Lettxx xx Xxxxxx Xxxxxxx" xxxx xxxxx xx xxxx solely for the purposes set forth in Sections 2.03(b) and 2.11.

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 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 of that name established in the Revenue Fund pursuant to Section 5.03 hereof.

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 LC Account” that shall be used solely for the purposes set forth herein.

Letter of Credit Account means the account, if any, established by the Borrower after the Closing Date under the sole and exclusive control of the Administrative Agent for Cash Collateralization of Letters of Credit in accordance with Sections 2.02(j) and 7.01.