Permitted EUR Account definition

Permitted EUR Account means (i) the EUR Collection Account and/or (ii) the EUR Unfunded Exposure Account.

Permitted EUR Account means (i) the EUR Collection Account and/or (ii) the EUR Unfunded Exposure Account. "Permitted GBP Account" means (i) the GBP Collection Account and/or (ii) the GBP Unfunded Exposure Account.

Permitted EUR Account means any account (including any subaccount thereof established for the benefit of the Company) established by the Intermediary in its own name at its designated custodian in Frankfurt, Germany to hold cash or investments of the nature of the Portfolio Investments denominated in EUR for its clients, with respect to which the Intermediary (and not its clients) has the right to direct the Intermediary’s designated custodian for all purposes.

Examples of Permitted EUR Account in a sentence

• Promptly upon establishment of each such Permitted EUR Account, the Securities Intermediary shall provide a written notice to each of the Company, the Portfolio Manager, the Collateral Agent, the Collateral Administrator and the Administrative Agent setting forth the account name and account number of such account (such notice, the "EUR Account Opening Notice").

• The Registrar will take decision on the application and appoint Authorised Officer.

• All amounts contributed to the ​ any Permitted EUR Account, any Permitted GBP Account or the Collection Account, as applicable, for the Permitted Currency in respect of which there is a Currency Shortfall in an amount necessary to cure such Currency Shortfall.

• Promptly upon establishment of each such Permitted EUR Account, the Securities Intermediary shall provide a written notice toeach of the Company, the Portfolio Manager, the Collateral Agent, the Collateral Administrator and the Administrative Agent setting forth the account name and account number of such account (such notice, the "EUR Account Opening Notice").

• Promptly upon establishment of each such Permitted EUR Account, the Securities Intermediary shall provide a written notice to each of the Company, the Portfolio Manager, the Collateral Agent, the Collateral Administrator and the Administrative Agent setting forth the account name and ​ ​ ​ account number of such account (such notice, the “EUR Account Opening Notice”).