Prepayment Collateral Account definition

Prepayment Collateral Account is defined in Section 3.08(b).
Sample 1Sample 2Sample 3
Prepayment Collateral Account has the meaning specified in the Existing Security Agreement.
Sample 1
Prepayment Collateral Account has the meaning ascribed to it in Section 9.22(a).
Sample 1

Examples of Prepayment Collateral Account in a sentence

  • The Head of Inspection, Advice and School Performance Services reported that nationally the situation regarding 14-19 education was complex.

  • All funds from time to time on deposit in the Prepayment Collateral Account shall be under the exclusive control of the Administrative Agent and shall be invested in Cash Equivalents, and such Prepayment Collateral Account shall be subject to the sole dominion and control of the Administrative Agent and the Borrower shall have no right of withdrawal from the Prepayment Collateral Account.

  • The Administrative Agent shall deposit in the Prepayment Collateral Account funds which the Borrower shall have requested to be so deposited pursuant to Section 3.03(k).

  • Beneficial ownership of all funds held in the Prepayment Collateral Account will remain with the Canadian Borrower and such Borrower shall at all times be entitled to use such funds solely for (x) voluntary prepayments on the Canadian Borrower Term Loans and the Delayed Draw Term Loans in accordance with Section 2.10 or (y) any Permitted Uses.

  • This Warrant shall constitute a contract under the laws of California, without regard to its conflict of law, principles or rules.

  • Except to the extent otherwise expressly provided in Section 9.2(a) hereof, the Prepayment Collateral Account shall be under the sole dominion and control of the Administrative Agent.

  • There shall be established with the Collateral Agent or one of its affiliates, an account (the "Prepayment Collateral Account") in the name of the Collateral Agent, into which (a) any Borrower may from time to time deposit Dollars pursuant to, and in accordance with, Section 2.11(o) hereof and (b) 100% of the Net Cash Proceeds received by RRI or any of its Subsidiaries from the issuance of the initial series of Secured Notes shall be irrevocably deposited.

  • None of the Agent, the Lenders or the L/C Issuers shall have any obligation or responsibility or shall be liable in any way for any investment decision made in accordance with this Section 9.22 or for any decrease in the value of the investments held in the Prepayment Collateral Account.

  • Finally, Verizon allows people managers to make a determination to grant leave for employees to participate in Verizon-led volunteer opportunities.

  • There shall be established with the Administrative Agent an account (the "Prepayment Collateral Account") in the name of the Administrative Agent (for the benefit of the Secured Parties), into which any Borrower may from time to time deposit Dollars pursuant to, and in accordance with Section 2.11(o) hereof.


More Definitions of Prepayment Collateral Account

Prepayment Collateral Account as defined in Section 2.3(e).
Sample 1

Related to Prepayment Collateral Account

  • 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.]

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • 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.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • Reallocated Collateral Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables applied in accordance with subsections 4.12(a) and (b) in an amount not to exceed the product of (a) the Collateral Allocation with respect to the Monthly Period relating to such Transfer Date and (b) the Investor Percentage with respect to the Monthly Period relating to such Transfer Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Transfer Date; provided, however, that such amount shall not exceed the Collateral Interest after giving effect to any Collateral Charge-Offs for such Transfer Date.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • Initial Collateral Amount means $757,097,792, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • 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.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • 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.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).