Secured Accounts definition

Secured Accounts has the meaning specified in Section 3(a).

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Secured Accounts has the meaning given in Schedule A of the CSAA.

Secured Accounts means the Accounts, excluding the Excluded Unsecured Accounts.

Examples of Secured Accounts in a sentence

Without limiting the foregoing, the Facility Servicer shall (i) approve each Payment Date Report as set forth in Section 8.08(a) and (ii) instruct the Account Bank to apply funds on deposit in the Secured Accounts as described in Section 2.08 and in accordance with the Payment Date Report.
The Loan Parties have not granted any Person other than the Administrative Agent, for the benefit of the Secured Parties, an interest or Lien in the Secured Accounts.
If the funds on deposit in the Secured Accounts, as applicable, are insufficient to pay any amounts otherwise due and payable on a Payment Date or otherwise, the Borrower nevertheless remains responsible for, and shall pay when due, all amounts payable under this Agreement and the other Transaction Documents in accordance with the terms of this Agreement and the other Transaction Documents, together with interest accrued as set forth in Section 2.05(h) from the date when due until paid hereunder.
On each Payment Date (including, each Interim-Period Payment Date), the Administrative Agent (or its designee), on behalf of the Borrower, shall instruct the Account Bank to apply funds on deposit in the Secured Accounts as described in this Section 2.08.
Each of the parties hereto hereby agrees to cause the Account Bank to agree with the parties hereto that regardless of any provision in any other agreement, for purposes of the UCC, with respect to the Secured Accounts, New York shall be deemed to be the Account Bank’s jurisdiction (within the meaning of Section 9-304 of the UCC).

More Definitions of Secured Accounts

Secured Accounts means with respect to a Class of Metal Securities, the Secured Allocated Account and the Secured Unallocated Account with respect to that Class and “Secured Account” shall be construed accordingly.

Secured Accounts has the meaning set forth in the Collateral Agreement.

Secured Accounts means credit card Accounts for which Client has established some form of reserve dollars directly allocated to each such Account which dollars are intended to be used by Client to offset losses incurred by Client on each such Account and which Accounts are grouped into a specified agent number or principal number (as “agent” and “principal” are defined by FDR) on the System, which group is of sufficient size to warrant special identification for processing, servicing, and/or pricing. Such reserve dollars include but are not limited to security deposits and/or special fees paid by Cardholder.

Secured Accounts. The meaning specified in Section 4.1(c).

Secured Accounts means, collectively, the Collection Account, any Operating Account and any other account listed in Schedule VII from time to time, and “Secured Account” shall mean any of such accounts as the context may require.

Secured Accounts means, collectively, the Principal Collection Account, the Interest Collection Account, the Operating Account, and any securities accounts opened in compliance with Section 5.02(o).

Secured Accounts has the meaning given to it in the Debenture.