Pledged Account definition

Pledged Account has the meaning set forth in the Deposit and Security Agreement.

Pledged Account has the meaning specified in the Pledge Agreement.

Pledged Account means the depository account or accounts established and maintained by Seller at Bank for the purpose of holding funds of Seller to be used as a source of funds to pay the Repurchase/Sale Obligations. The account number for the Pledged Account is identified in Schedule 1 to the Pledge Agreement.

Examples of Pledged Account in a sentence

• Moneys in any Pledged Account shall not be used to make open market purchases of Turbo Term Bonds.

• Each Pledged Account is free and clear of any Lien thereon or with respect thereto, except (i) for the RRIF Lien (with respect to the Pledged Accounts) and (ii) as may be entitled to priority as a matter of law.

• Except for Permitted Liens, the Borrower shall not create, incur, assume or permit to exist any Lien on (i) the Pledged Taxes, (ii) any Pledged Taxes Account, or (iii) any Pledged Account, or the Borrower’s or the RRIF Lender’s rights in respect thereof.

• Each such Revolving Loan Advance will be made by wiring the amount thereof to the Pledged Account on the requested Closing Date.

• Only upon demand by the Lender when an Event of Default has occurred and is continuing, all money, cash and cash equivalents of the Borrower deposited in the Pledged Account in an aggregate amount at any time not in excess of (a) the Loan minus (b) the outstanding amount of Eligible Accounts Receivable.

More Definitions of Pledged Account

Pledged Account means a deposit account subject to a Deposit Account Control Agreement or a securities account that is the subject of a Securities Account Control Agreement.

Pledged Account means any InvestLine Account or any bank, securities or commodity account of any of the Loan Parties provided that such bank, securities, or commodity account is at an Account Bank and is subject to an Account Control Agreement.

Pledged Account means the Bank Account and the Financial Instruments Account.

Pledged Account means the Pledged Account (as such term is defined in the Securities Account Control Agreement).

Pledged Account means a cash collateral account maintained at a financial institution acceptable to Agent that is pledged (i) on a senior basis, to Agent as security for Agent's Debt, in a manner acceptable to Agent and (ii) on a junior basis, to each of the Bonds Trustee as security for the Bonds Debt and the Notes Trustee as security for the Notes Debt, in a manner acceptable to the Bonds Trustee and the Notes Trustee, respectively.

Pledged Account has the meaning set forth in the Collateral Agreement.

Pledged Account shall have the meaning given to such term in Section 4.14(e).