Onshore Cash Collateral Account definition

Onshore Cash Collateral Account means the Facility A Cash Collateral Account (as defined in the Amended and Restated Facilities Agreement).
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Onshore Cash Collateral Account means an account (including any renewal or re-designation thereof) of the Borrower to be established with China Construction Bank Corporation on or prior to the delivery of the first Utilisation Request and designated in writing as the “Onshore Cash Collateral Account” by the Borrower and the Arranger.
Sample 1

Examples of Onshore Cash Collateral Account in a sentence

  • The original certificate of deposits (the Original CD) refers to the certificates for RMB time deposits, as described in detail in Attachment 1 (Specifics of the Original CD), set up for the amount (RMB25 million) placed by the Pledgor in its Onshore Cash Collateral Account as required under item 1(a) of Attachment 13 (Conditions Subsequent) of the Loan Contract, including all the principals, interests and any other amounts that the Pledgor is entitled to and relevant rights and interests.

  • Upon meeting the above conditions, the Account Control Bank should, in accordance with the payment instruction of the Transfer Request, directly transfer the amount from the Onshore Control Account to the Onshore Cash Collateral Account.

  • In the event that the currency in which any payment (to which any amount withdrawn from any of the Onshore Controlled Account, the Onshore USD Project Account, the Onshore RMB Project Account, the Onshore Cash Collateral Account and/or the DSRA pursuant to this Schedule is to be applied) is due is different from the currency of such amount so withdrawn, the Borrower shall be responsible to convert such amount withdrawn into such currency in which such payment is due at a prevailing market rate of exchange.

  • The Security Agent has the sole authority over the Onshore Cash Collateral Account, and any withdrawal, transfer or other instruction in connection with that account must have the written instruction from the Security Agent (acting in accordance with the instruction of the Instructing Group) without the need for the Borrower’s instruction.

  • Any withdrawal or transfer from, and any other instructions relating to, the Onshore Cash Collateral Account shall require the written instructions of the Security Agent.

  • Attachment 1 The Controlled Account Checklist Form Account Bank of deposit Account number Currency Onshore Control Account Onshore USD Project Account Onshore RMB Project Account Onshore Cash Collateral Account Onshore RMB DSRA Account Attachment 2 The Format of Opex Withdrawal Request From: Tianjin New Highland Science Development Co., Ltd.

  • With respect to the Borrower’s request to transfer funds from the Onshore Control Account to the Onshore Cash Collateral Account, upon meeting of the conditions of Clause 3.2 (Basic withdrawal conditions), Clause 3.4 (Priority of withdrawal) and Clause 3.5 (Use of withdrawn funds) and presenting of the transfer request properly completed by the Borrower as per the format and contents of Attachment 7 (The Format of Transfer Request), the Account Control Bank should authorize the withdrawal.

  • The Security Agent shall have sole signing authority with respect to the Onshore Cash Collateral Account.

  • Without prejudice to the rights of the Security Agent under the Security Documents, the Borrower may by not less than three Business Days’ notice request the AM (with a copy to each of the Facility Agent and the Security Agent) to authorise a transfer from the Onshore Controlled Account to the Onshore Cash Collateral Account.

  • Within 10 Business Days of the end of each month, AM shall provide to each of the Facility Agent and the Security Agent an account statement in respect of the Onshore Cash Collateral Account for such month.

Related to Onshore Cash Collateral Account

  • L/C Cash Collateral Account means any Cash Collateral Account (a) specifically designated as such by the Borrower in a notice to the Administrative Agent and (b) from and after the effectiveness of such notice, not containing any funds other than those required under the Loan Documents to be placed therein.

  • 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.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

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

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

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

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Cash Collateral shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Cash Collateral Agreement shall have the meaning provided in Section 5.2(b).

  • L/C Cash Deposit Account means an interest bearing cash deposit 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.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.