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Pledged Deposit Account definition

Pledged Deposit Account shall have the meaning as defined in Section 5.4.
Pledged Deposit Account has the meaning assigned to such term in the preamble hereto.
Pledged Deposit Account means each deposit account as to which a U.S. Grantor has complied with the requirements of Section 7.01(15)(c) of this Agreement.

Examples of Pledged Deposit Account in a sentence

  • Accordingly, the interest rate and annual percentage yield on the Pledged Deposit Account are both 0.00% for the entire life of the Pledged Deposit Account.

  • The Deposit Bank will exclusively control the Pledged Deposit Account, including the management of any funds deposited after the effective date of this Agreement, without further consent by you.

  • You hereby appoint us your agent and attorney-in-fact to open the Pledged Deposit Account, maintain records, and deliver disclosures for the Pledged Deposit Account, and to initiate all actions associated with the Pledged Deposit Account.

  • You agree to sign any documents that we may request throughout the lifetime of your Account to confirm the creation of the Pledged Deposit Account and our security interest in the Pledged Collateral.

  • We will close the Pledged Deposit Account after your credit privileges are terminated and all amounts owed to us are repaid in full and return to you any Deposit Funds that remain.


More Definitions of Pledged Deposit Account

Pledged Deposit Account means each deposit account as to which a U.S. Grantor has complied with the requirements of Section 6.01(15)(c) of this Agreement.
Pledged Deposit Account means an interest bearing deposit account that (a) is maintained by the Borrower with an institution located in the United States of America that is acceptable to the DIP Agent, (b) is fully insured by the Federal Deposit Insurance Corporation without limit as to the amount of such insurance, and (c) is subject to the terms of a deposit account control agreement satisfactory in form and substance to the DIP Agent among the Borrower, the DIP Agent and such institution.
Pledged Deposit Account means any Deposit Account into which Proceeds of Eligible Accounts are required to be paid as provided in any Collateral Document.
Pledged Deposit Account means an account required by the award agreement into which all RUS funds are advanced.
Pledged Deposit Account means that certain deposit account number 3009097279 maintained with PNC Bank, National Association in the name of the Seller which shall at all times be subject to the control of and a first priority perfected security interest in favor of the Administrative Agent.
Pledged Deposit Account means an interest-bearing USD current account opened by the Borrower with the Lender and includes any sub-accounts thereof and any other account designated in writing by the Lender to be a Pledged Deposit Account for the purposes of this Agreement, and in the plural means all of them;
Pledged Deposit Account means any Deposit Account of an Obligor, other than a Permitted Unpledged Account.