Pledged Account Claims definition

Pledged Account Claims means any claim to the credit balance of the Account as well as any other claim the Pledgor may have against the Account Bank in relation to the Account regardless of the nature thereof, including, for the avoidance of doubt, any pecuniary claim for the payment of the relevant credit balance as well as any other pecuniary claim, regardless of the nature thereof in relation to the Account, including, for the avoidance of doubt, any pecuniary claim for the payment of the interests paid into the Account.
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Pledged Account Claims means any claim to the cash credit balance of the Bank Account as well as any other claim the Pledgor may have against the Account Bank in relation to such Bank Account, including, for the avoidance of doubt, any pecuniary claim for the payment of the relevant credit balance or for the repayment of a terms deposit (Festgeld) as well as any other claim, regardless of the nature thereof in relation to the Bank Account, including, for the avoidance of doubt, any claim for the payment of the interests paid into the Bank Account.
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Pledged Account Claims means all claims which the Main SPV has or may have at any time against the Main SPV Account Bank in relation to monies at any time owed by the Main SPV Account Bank to the Main SPV in relation to the pledged accounts or in relation to any monies at any time deposited therein or credited thereto, or otherwise owed by the Main SPV Account Bank to the Main SPV in respect thereof.
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Examples of Pledged Account Claims in a sentence

  • No action, choice or absence of action in this respect, or partial enforcement, shall in any manner affect the Pledge created hereunder over the Pledged Account Claims, as it then shall be.

  • Subject to Clause 6 (Remedies upon Default), the Collateral Agent shall be entitled to request enforcement of the Pledge over all or part of the Pledged Account Claims in its most absolute discretion.

  • It can150 be characterized by the width of the Transit Time Spread (TTS).

  • In particular, but without limitation, the Collateral Agent shall be entitled to request direct payment of the Pledged Account Claims from the Account Bank and the Collateral Agent may proceed to a set-off between the Pledged Account Claims and the Secured Obligations in accordance with the terms of Article 11(3) and 11(1) (d) of the Financial Collateral Law.

  • Subject to Clause 7 Remedies upon Default), the Collateral Agent shall be entitled to request enforcement of the Pledge over all or part of the Pledged Account Claims in its most absolute discretion.

  • The Pledgor ZELLSTOFF STENDAL GMBH By: By: Name: Xxxxxx Xxxxxx Name: Xxxxxxx Xxxxxx Title: Title: ACKNOWLEDGEMENT By signing hereunder for acceptance, the Account Bank acknowledges and accepts the existence of this Pledge Agreement and of the security interest created hereunder over the Pledged Account Claims for the purposes of Article 114 of the Luxembourg Code of Commerce and article 2074 of the Luxembourg Civil Code and takes notice of the terms of the Pledge Agreement.

  • Spoonmore makes a motion to approve the request to hire two employees at the Midpoint (3 Year Level) on the Salary Grid based on Resolution 2015-46.

  • By: ----------------------------- --------------------------------- Name: Xxxxxx Xxxxxx Name: Xxxxxxx Xxxxxx Title: Title: ACKNOWLEDGEMENT By signing hereunder for acceptance, the Account Bank acknowledges and accepts the existence of this Pledge Agreement and of the security interest created hereunder over the Pledged Account Claims for the purposes of Article 114 of the Luxembourg Code of Commerce and article 2074 of the Luxembourg Civil Code and takes notice of the terms of the Pledge Agreement.

  • Each Participant is required to present a person who meets the applicable requirements of the Tender Documents including the threshold requirements specified in Annex “D(7)” (“Threshold Requirements for the Rolling Stock Engineer").

  • By: By: Name: Hxxxxx Xxxxxx Name: Wxxxxxx Xxxxxx Title: Title: By signing hereunder for acceptance, the Account Bank acknowledges and accepts the existence of this Pledge Agreement and of the security interest created hereunder over the Pledged Account Claims for the purposes of Article 114 of the Luxembourg Code of Commerce and article 2074 of the Luxembourg Civil Code and takes notice of the terms of the Pledge Agreement.

Related to Pledged Account Claims

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

  • Pledged Accounts means all of each Grantor’s right, title and interest in all of its Deposit Accounts, Commodity Accounts and Securities Accounts (in all cases, including, without limitation, all Controlled Accounts and Foreign Currency Control Accounts).

  • Pledged Amount With respect to any Pledged Asset Loan, the amount of money remitted to Combined Collateral LLC, at the direction of or for the benefit of the related Mortgagor.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Pledged Assets With respect to any Mortgage Loan, all money, securities, security entitlements, accounts, general intangibles, payment intangibles, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description pledged by Combined Collateral LLC as security in respect of any Realized Losses in connection with such Mortgage Loan up to the Pledged Amount for such Mortgage Loan, and any related collateral, or such other collateral as may be set forth in the Series Supplement.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Pledged Funds means all of the Series Pledged Funds.

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Pledged Asset Loan Any Mortgage Loan supported by Pledged Assets or such other collateral, other than the related Mortgaged Property, set forth in the Series Supplement.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Controlled Accounts means the Collection Account and the Unfunded Exposure Account.

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate or Representative of such holder at the time of entry into such Hedging Obligations;

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

  • First Priority Obligations means (a) with respect to the Existing First Priority Agreement, all “Obligations” of each Loan Party as defined in the Existing First Priority Agreement and (b) with respect to each other First Priority Agreement, all “Obligations” of each Loan Party as defined in such First Priority Agreement, and shall in any event include (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all loans made or other indebtedness issued or incurred pursuant to such First Priority Agreement, (ii) all reimbursement obligations (if any) and interest thereon (including without limitation any Post-Petition Interest) with respect to any letter of credit or similar instruments issued pursuant to such First Priority Agreement, (iii) all Specified Swap Agreements, (iv) all Specified Cash Management Agreements and (v) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable First Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any First Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Second Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Pledged Security Entitlements means all security entitlements with respect to the financial assets listed on Schedule 4.7(c) (as such schedule may be amended from time to time) and all other security entitlements of any Grantor.

  • Managed Accounts means an account that is professionally managed through a wrap program. Managed Accounts require pre-approval through the Compliance Department prior to starting up the account. The Compliance Department will consider the facts and circumstances of the account, including the functions and duties of the employees, when approving or denying such accounts. In addition, preclearance is exempt with Managed Accounts, however, all trades still require reporting and duplicate statements and confirmations are required to be sent to the Compliance Department. Preclearance is only exempt for trades initiated by the wrap manager. All trades initiated by the employee require preclearance.

  • First Priority Liens means all Liens that secure the First Priority Lien Obligations.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.