Pledged Account Bank definition

Pledged Account Bank has the meaning specified in Section 6.01(15)(c)(i).

Pledged Account Bank shall have the meaning set forth in Section 4.03(c).

Pledged Account Bank shall have the meaning specified in Section 5(a).

Examples of Pledged Account Bank in a sentence

• In addition, the Administrative Agent shall have the right at any time to exchange, or direct the applicable Pledged Account Bank to exchange, such Cash Equivalents for similar Cash Equivalents of smaller or larger determinations, or for other Cash Equivalents, credited to the Collateral Account or the L/C Collateral Account, as the case may be.

• In addition, the Collateral Agent shall have the right at any time to exchange, or direct the applicable Pledged Account Bank at which the Collateral Account or the L/C Collateral Account is held to exchange, such Cash Equivalents for similar Cash Equivalents of smaller or larger determinations, or for other Cash Equivalents, credited to the Collateral Account or the L/C Collateral Account, as the case may be.

• In addition, the Collateral Agent shall have the right at any time after the occurrence and during the continuance of an Event of Default to exchange, or direct the applicable Pledged Account Bank to exchange, such Cash Equivalents for similar Cash Equivalents of smaller or larger determinations, or for other Cash Equivalents, credited to the Collateral Account, as the case may be.

• In addition, subject to Sections 6, 8 and 22, the Collateral Agent shall have the right at any time to exchange, or direct the applicable Pledged Account Bank to exchange, such Cash Equivalents for similar Cash Equivalents of smaller or larger determinations, or for other Cash Equivalents, credited to the Collateral Account.

• So long as no Triggering Event shall have occurred and be continuing, the Grantors shall have the sole and exclusive right to direct the applicable Pledged Account Bank to pay and release, to the applicable Grantor or at its order or, at the request of such Grantor, to the Administrative Agent to be applied to the Obligations of the Grantors under the Loan Documents, such amount, if any, as is then on deposit in the Collateral Account and the Pledged Deposit Accounts.

More Definitions of Pledged Account Bank

Pledged Account Bank has the meaning specified in the Security Agreement.

Pledged Account Bank that has entered into a Deposit Account Control Agreement. The Collateral Agent hereby agrees that it will not deliver a notice indicating that the Collateral Agent will take Control over a Deposit Account, Securities Account or Commodity Account under any Control Agreement unless an Event of Default or Cash Dominion Event has occurred and is continuing.

Pledged Account Bank as defined in Section 5.11(a).

Pledged Account Bank has the meaning specified in the Pledge Agreement.

Pledged Account Bank shall have the meaning provided in Section 2.6(a) of this Agreement.

Pledged Account Bank means HSBC Bank USA, N.A., the financial institution where X. X. Xxxx Lending maintains the X. X. Xxxx Lending Pledged Account.

Pledged Account Bank that has agreed, in a record authenticated by the Grantor, the Collateral Agent and such Pledged Account Bank, to comply with instructions originated by the Collateral Agent directing the disposition of funds in each such deposit account without the further consent of such Grantor (which instructions shall only be given upon the occurrence and during the continuance of an Event of Default), which authenticated record shall be in form and substance reasonably satisfactory to the Collateral Agent (each, an “Account Control Agreement”).