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

Examples of Pledged Account in a sentence

• In the event of any conflict between the provisions of this Control Agreement and any other agreement governing the Pledged Account or the Collateral, the provisions of this Control Agreement shall control.

• No Grantor shall create or maintain any Pledged Account without the prior written consent of the Collateral Agent and complying with the terms of this Agreement.

• Requests or instructions received after 11:00 a.m. (New York City time) by the Collateral Agent to liquidate all or a portion of funds in any Pledged Account will be treated as if received on the following Business Day in New York.

• No Grantor shall create or maintain any Pledged Account without the prior written consent of the Collateral Agent (in its sole and absolute discretion) and complying with the terms of this Agreement.

• All Earnings shall be fully, immediately and completely reinvested in the Pledged Account.

More Definitions of Pledged Account

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.

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 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).

Pledged Account has the meaning set forth in Section 7.1.