Notes Collateral Account definition

Notes Collateral Account means any deposit account or securities account required to be established pursuant to the First Lien Documents for purposes of holding Notes Priority Collateral pending application as required under the First Lien Documents (it being understood that ABL Priority Collateral deposited in the Notes Collateral Account shall continue to be ABL Priority Collateral).
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Notes Collateral Account has the meaning given in Section 5.01 of the Collateral Agency Agreement.
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Notes Collateral Account means one or more deposit accounts or securities accounts under the control of the Trustee or the Collateral Agent holding only the proceeds of any sale or disposition of any Notes Priority Collateral.
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Examples of Notes Collateral Account in a sentence

  • Collection Account; Subordinated Notes Collection Account; CollateralAccount and Subordinated Notes Collateral Account.

  • The Fixed Asset Secured Parties hereby appoint the DIP ABL Agent as their agent for the purposes of perfecting their security interest in all Deposit Accounts and Securities Accounts (in each case, other than the DIP Term Loan Collateral Account and the Prepetition Secured Notes Collateral Account (each as defined in the DIP ABL Credit Agreement as in effect on the date hereof)) of the DIP Loan Parties.

  • Reasons for the Offer:Refinancing existing indebtedness and the proceeds will be applied towards ( x) repayment of existing Senior Debt of the Issuer and/or (y) funding of the Notes Collateral Account.


More Definitions of Notes Collateral Account

Notes Collateral Account means an account maintained by the Company in the name of the Trustee with any financial institution reasonably designated by the Trustee, after consultation with the Company, into which net cash proceeds in respect of the First-Priority Collateral is required to be deposited pursuant to this Indenture.
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Notes Collateral Account means the account so designated opened and maintained in accordance with the Accounts Agreement, in the name of the Issuer, with the Lead Account Bank;
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Notes Collateral Account means (i) the “Collateral Account” as defined in the Indenture.
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Notes Collateral Account has the meaning set forth in the Senior Notes Indenture, as in effect on the date hereof.
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Notes Collateral Account means one or more deposit accounts of Borrower and/or Parent under the control of the Collateral Agent into which certain proceeds of the primary collateral for the Senior Secured Notes shall be deposited in accordance with the terms of the Intercreditor Agreement.
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Notes Collateral Account means an account maintained by the Company in the name of the Trustee with any financial institution reasonably designated by the
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Related to Notes Collateral Account

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • 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.

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

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

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

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Initial Collateral Amount means $1,000,000,000, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.