Pledged Account definition

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

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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

• The Collateral Trustee shall not in any way be held liable by reason of any insufficiency of funds in any Pledged Account resulting from any loss relating to any such investment, except with respect to investments in obligations of the Bank or any Affiliate thereof.

• If the Collateral Trustee does not receive written instructions from the Asset Manager or the Issuer within five Business Days after receipt of funds into a Pledged Account, the funds held in such Pledged Account shall be held uninvested (unless otherwise directed by the Issuer or the Asset Manager).

• The Collateral Trustee agrees to give the Issuer and the Asset Manager immediate notice if any Pledged Account or any funds on deposit therein, or otherwise to the credit of such Pledged Account, shall become subject to any writ, order, judgment, warrant of attachment, execution or similar process.

• The Issuer has not consented for the Intermediary of any Pledged Account to comply with entitlement orders of any person other than the Collateral Trustee.

• If an institution with whom the funds in respect of any Pledged Account is deposited fails to meet the requirements of an Eligible Institution, such funds shall be moved by the Issuer within 30 calendar days to another institution that does meet the requirements of an Eligible Institution.

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. Each of the Payment Account, the Collection Account, the Collateral Account, the Unused Proceeds Account, the Interest Reserve Account, the Expense Reserve Account, the Variable Funding Account, the Contribution Account and the Hedge Counterparty Collateral Account and such other accounts as established by the Collateral Trustee pursuant to this Indenture.

Pledged Account means a cash collateral account in a financial institution acceptable to Trustee that is pledged in whole or in part to Issuer or Trustee as security for the Bond Debt in a manner acceptable to Trustee.

Pledged Account means each of the TIFIA Debt Service Account, the TIFIA Reserve Account, the Revenue Sharing Account, and the Construction Account.

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