Luxembourg Account Pledge Agreement definition

Luxembourg Account Pledge Agreement means a Luxembourg law governed account pledge agreement dated on or around the Consummation Date and made between the Lux Borrower as “Pledgor” and the Administrative Agent with respect to the Lux Borrower’s bank accounts situated in Luxembourg.

Luxembourg Account Pledge Agreement means the Bank Account Pledge Agreement, dated March 2, 2015, between RTK (Luxembourg) WP S.a.r.l. and the Administrative Agent.

Luxembourg Account Pledge Agreement means that certain Account Pledge Agreement dated as of March 23, 2015 among Genpact Luxembourg, as Pledgor, and the Lender, as Secured Party.

Examples of Luxembourg Account Pledge Agreement in a sentence

• These include:(i) an English law Supplemental Security Agreement in respect of each Property located in England or Wales acquired by Powerhouse Propco II S.à r.l. as contemplated by the Permitted Reorganisation; and(ii) (to the extent necessary) a Luxembourg Account Pledge Agreement in relation to any new control account opened or to be opened by Powerhouse Propco II S.à r.l. as contemplated by the Permitted Reorganisation.

• The Borrower shall ensure that the securities account(s) pledged in accordance with the Luxembourg Account Pledge Agreement shall be kept with the account bank in Luxembourg (as identified in the Luxembourg Account Pledge Agreement) at all times.

• The Borrower shall procure that (i) all other Target Shares held in CREST owned by it are kept in the relevant Pledged Account (as defined in the Luxembourg Account Pledge) and (ii) all Target Shares held in CREST acquired by it are held on the relevant Pledged Account (as defined in the Luxembourg Account Pledge Agreement) and shall procure that the same occurs within three Business Days of the settlement of such acquisition by the Borrower.

• If the Borrower acquires any certificated Target Shares, it shall procure that such certificated shares are dematerialised as soon as practicable and in any event within ten Business Days after receipt by the registrar of the corresponding stock transfer forms stamped by HMRC, and that such Target Shares are credited to the relevant Pledged Account (as defined in the Luxembourg Account Pledge Agreement) as soon as practicable and in any event within three Business Days of such dematerialisation.

• The Borrower shall ensure that any Cash transferred to it by the Bahamas Company or the BVI Company, Dividends, Owner Capital Raising Proceeds, Third Party Capital Raising Proceeds, Owner Debt Proceeds, Third Party Debt Proceeds or Disposal Proceeds are paid directly into the bank account pledged by the Borrower pursuant to the Luxembourg Account Pledge Agreement (or if not paid directly into such account, that they are transferred to such account immediately upon receipt by the Borrower).

More Definitions of Luxembourg Account Pledge Agreement

Luxembourg Account Pledge Agreement means the Luxembourg law governed pledge over bank account agreement dated on or about the date hereof and entered into by and between the Borrower and the Administrative Agent or any replacement thereto entered into pursuant to Section 6.11 hereof.

Luxembourg Account Pledge Agreement means that certain bank account pledge agreement to be executed by RTK (Luxembourg) WP S.A.R.L for the benefit of the Secured Parties, in form and substance satisfactory to the Administrative Agent and the Required Lenders.

Luxembourg Account Pledge Agreement means the Luxembourg law account pledge agreement dated on or about the date hereof between, inter alios, the Borrower and the Lender, in respect of account(s) in which all present and future shares held by the Borrower in the Target, and all Dividends, Owner Capital Raising Proceeds, Third Party Capital Raising Proceeds, Owner Debt Proceeds, Third Party Debt Proceeds, Disposal Proceeds and Cash transferred to the Borrower by the Bahamas Company or BVI Company, have been or will be credited.