Examples of Preferred Equity Account in a sentence
On each Repayment Date, the Borrower shall transfer to the Preferred Equity Account any amount payable under clause (4) of the Priority of Payments.
Any Senior Shortfall Amount pursuant to Section 2.8(b) shall be applied by transferring such amount from the Preferred Equity Account to the Custodian Reserve Account.
On each Repayment Date, the Borrower shall apply, or cause to be applied, funds from the Preferred Equity Account in an amount equal to the Senior Shortfall Amount (or, if such Senior Shortfall Amount is greater than the amount in the Preferred Equity Account, all funds in the Preferred Equity Account) pursuant to the Priority of Payments.
The Managing Member shall provide written confirmation to the Preferred Equity Member upon receiving confirmation that the $10 billion has been deposited in the Preferred Equity Account.
Following the execution of the May 29 Agreement, the Preferred Equity Member transferred the UST Contribution Amount in cash, and no other property, from the Exchange Stabilization Fund to the Preferred Equity Account as a contribution to the capital of the Company.
During this period I faced problems with language communication; many times I had to ask other people to help me in making phone calls and deal with different situations for me.
Except for the Investment Account, the Preferred Equity Account and the Clearing Account (and any sub-accounts of any thereof), open or maintain any deposit account or securities account.
The Preferred Equity Account shall have been funded with an initial balance of U.S.$37,500,000,000 (THIRTY-SEVEN BILLION FIVE HUNDRED MILLION DOLLARS).
Concurrently with the execution and delivery of this Agreement, and concurrently with the acquisition of any additional Collateral at any time after the date hereof (including the establishment of the Preferred Equity Account), the Borrower shall take such actions as shall be necessary to effect Delivery of such Collateral to the Secured Party.
The Borrower shall have the right to sell or otherwise Dispose of, free and clear of the Lien and security interest created hereby, any Collateral in the manner and under the circumstances provided for in the Custodian Agreement or the Preferred Equity Account Documentation, as applicable.