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 Danske Bank A/S, Danmark, Sverige Filial.
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Examples of Proceeds Account Bank in a sentence

  • 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.

  • 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.

  • By 3:00 p.m. (Hong Kong time) • The Trustee is to instruct the LC Proceeds Account Bank to confirm to the Principal Paying Agent that the proceeds of the Demand will be paid to the Principal Paying Agent by 10:00 a.m. (Hong Kong time) on the Business Day preceding the due date for the payment.

  • In isostructural stoi- chiometric CeNiSi2, we find that the Ni-Si1 and Ni-Si2, distances are nearly identical, close to 2.31 Å.

  • 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.

  • The Third Party Loan Purchase Proceeds Account Bank shall transfer, each Business Day, amounts held in the Third Party Loan Purchase Proceeds Account to an account designated by Buyer in the amount necessary to reduce the aggregate outstanding Repurchase Price of all Purchased Loans sold by Seller to third parties and all other related Obligations to zero.

  • On the Business Day immediately following the date payment is due to be made by the LC Bank By 11:00 a.m. (Hong Kong time) • The LC Proceeds Account Bank to notify the Trustee of any amount received from the LC Bank in the LC Proceeds Account.

  • 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.

  • 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.


More Definitions of Proceeds Account Bank

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

  • 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.

  • 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.

  • Account Bank means any of them.

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

  • 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).

  • Blocked Account Agreement means with respect to a deposit account established by a Loan Party, an agreement, in form and substance reasonably satisfactory to the Collateral Agent, establishing control (as defined in the UCC) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, upon the occurrence and during the continuance of a Dominion Trigger Event, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.