Retention Account Pledge definition

Retention Account Pledge means a first priority charge required to be executed hereunder between the Borrowers and the Security Trustee in respect of the Retention Account in such form as the Agent and the Majority Lenders may require in their sole discretion;

Retention Account Pledge means the pledge required to be executed hereunder by the Borrowers over the Retention Account in such form as the Bank may agree or require;;

Retention Account Pledge means a pledge agreement creating security in favour of the Security Trustee in respect of the Retention Account in such form as the Lenders may approve or require;

Examples of Retention Account Pledge in a sentence

• The Earnings Account and the Retention Account and all amounts from time to time respectively standing to the credit thereof shall be subject to the security constituted and the rights conferred by, respectively, the Earnings Account Pledge and the Retention Account Pledge.

• The Earnings Accounts and the Retention Account and all amounts from time to time respectively standing to the credit thereof shall be subject to the security constituted and the rights conferred by, respectively, the Earnings Account Pledges and the Retention Account Pledge.

• The Earnings Accounts and the Retention Account and all amounts from time to time standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Earnings Account Pledges and the Retention Account Pledge respectively.

• The Retention Account and all amounts from time to time standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Retention Account Pledge.

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More Definitions of Retention Account Pledge

Retention Account Pledge means the pledge required to be executed hereunder by the Borrower over the Retention Account in such form as the Bank may agree or require;

Retention Account Pledge means a pledge of the Retention Account, in the form set out in Appendix I;

Retention Account Pledge means the pledge over the Retention Account dated 7 June 2007 executed by the Borrower in favour of the Original Bank;

Retention Account Pledge means the first priority pledge executed or (as the context may require) to be executed by the Borrower in favour of the Bank in respect of the Retention Account in such form as the Bank may require in its sole discretion;

Retention Account Pledge means the first priority pledge dated 25 October 2006 made between the Borrowers, the Banks, the Agent, the Swap Providers and the Account Bank in respect of the Retention Account;

Retention Account Pledge means a first priority pledge executed or (as the context may require) to be executed (inter alios) between the Borrowers and the Security Trustee as pledgee in respect of the Retention Account in agreed form;

Retention Account Pledge means a pledge over the Issuer’s claim against the bank in which the Retention Account is held for the amount from time to time standing to the credit of the Issuer on the Retention Account.