Proceeds Account Bank definition

Proceeds Account Bank means any of the banks listed in Schedule C hereto, as amended from time to time in accordance with Section 4.07(c), at which a Proceeds Deposit Account is maintained.
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Proceeds Account Bank means (a) as at the date of this Agreement, Wilmington Trust, National Association or (b) any other account bank with whom the Proceeds Account may be held from time to time with the written consent of the Security Agent (acting on the instructions of the Majority Pari Passu Creditors).
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Proceeds Account Bank means (a) as at the date of this Agreement, Wilmington Trust, National Association or (b) any other account bank with whom the Proceeds Account may be held from time to time with the written consent of the Security Agent (acting on the instructions of the Majority Pari Passu Creditors) and for itself in its personal capacity.
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Examples of Proceeds Account Bank in a sentence

  • Following careful consideration of several bridge options and, taking into account the potential impact of the bridge works on the woodland beneath, it has been agreed that the most appropriate option is to create a new 2-lane and 1 footpath bridge in a position that abuts the existing single lane bridge.

  • Navistar Financial will use all reasonable efforts to cause International and each Account Debtor, Dealer, Proceeds Account Bank and Collection Bank to comply with the foregoing procedures and instructions; provided that the failure of any of them so to comply shall not constitute a breach of this subsection.

  • After receiving notice from the Trustee that a Notice of Acceleration is in effect, each Proceeds Account Bank shall immediately and from time to time thereafter (unless it receives notice from the Trustee stating that such Notice of Acceleration is no longer in effect) transfer all funds held in its Proceeds Deposit Account to the Trustee for deposit in the Collateral Account and shall notify the Trustee by facsimile transmission as to the details of each such transfer.

  • Corporation Limited (中國建設銀行 Registrar, Principal Paying Agent and Transfer Agent Pre-funding Account Bank and LC Proceeds Account Bank .

  • Each Credit Party shall close a Concentration Account or Loan Proceeds Account (and establish replacement accounts in accordance with the terms of this Annex C) promptly and in any event within ninety (90) days unless otherwise approved by Administrative Agent following notice from Administrative Agent if the total assets of such Concentration Account Bank or Loan Proceeds Account Bank, as applicable, are less than $1,000,000,000.

  • After Exhaustion of the amounts on deposit in the Second Mortgage Notes Proceeds Account, Bank Agent (acting under the Bank Credit Agreement) shall be entitled to waive the conditions precedent under Section 3.3 with respect to Advances under the Bank Credit Facility and from the Company's Funds Account without the Indenture Trustee's or the FF&E Agent's consent.

  • None of the Issuer, the Guarantor, the Group, the LC Bank, the Placing Agents, the Trustee, the Pre-funding Account Bank, the LC Proceeds Account Bank or the Agents, or any person who controls any of them, or any of their respective directors, officers, employees, agents, representatives, advisers or affiliates are making any representations regarding the legality of an investment in the Bonds under any law or regulation.

  • Until the Termination Date, Borrower shall establish and maintain a zero balance disbursement account under account number 6301373498 (the "Loan Proceeds Account") with The Bank of New York (the "Loan Proceeds Account Bank") or such other financial institution as approved by Agent and the Majority Lenders in writing.

  • On or prior to the Closing Date, Borrower will cause to be delivered to Administrative Agent a Control Agreement (in form and substance satisfactory to Administrative Agent) duly executed by the Loan Proceeds Account Bank and Borrower.

  • Evidence satisfactory to the Facility Agent that the persons who have executed on behalf of the Lessor, Santander UK plc, the Proceeds Account Bank and the Standby Purchaser Account Bank, the Transaction Documents and/or Security Documents to which they are respectively a party were properly authorised to do so.


More Definitions of Proceeds Account Bank

Proceeds Account Bank means Danske Bank A/S, Danmark, Sverige Filial.
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Proceeds Account Bank means Calyon, London branch acting through its office at Bxxxxxxxx Xxxxx, 0 Xxxxxx Xxxxxx, London EC2A 2DA;
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Proceeds Account Bank has the meaning specified in Section 8.14. ---------------------
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Proceeds Account Bank means Nordea Bank Finland plc, London Branch;
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Related to Proceeds Account Bank

  • 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).

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Designated Account Bank has the meaning specified therefor in Schedule D-1 to the Agreement (or such other bank that is located within the United States that has been designated as such, in writing, by Borrowers to Agent).

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Blocked Account Banks means the banks with whom deposit accounts are maintained in which material amounts (as reasonably determined by the Administrative Agent) of funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • 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.

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

  • Account Bank means any of them.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • Account Banks means the credit institutions administering the Accounts and “Account Bank” means any of them.

  • 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.

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

  • 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.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

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

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.