Securities Account Pledge definition

Securities Account Pledge means a pledge or other instrument in respect of the Securities Account executed or to be executed by the Borrower in favour of the Lender in such form as the Lender may require in its reasonable discretion;
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Securities Account Pledge means that certain Investment Property Security Agreement dated October 8, 1999, by Xxxxxx in favor of Bank affecting, among other property described therein, all of Xxxxxx'x rights in and to that certain investment account no. 0XX000000 maintained by Xxxxxx with Hibernia Investment Securities, Inc., as the same may be amended or modified from time to time.
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Securities Account Pledge means an agreement between the Borrower and the Security Agent creating a first priority Security under the UCC in the Securities Account in favour of the Security Agent in the agreed form.
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Examples of Securities Account Pledge in a sentence

  • That certain Securities Account Pledge Agreement executed by Borrower in favor of Agent dated January 11, 2008, as the same may be amended, modified, confirmed, supplemented or restated from time to time.

  • Borrower shall cause Xxxxxx to at all time maintain sufficient cash or securities in the securities account subject to the Securities Account Pledge so as to maintain the account with a market value of not less than $1 million.

  • The parties hereto are parties to a Securities Account Pledge Agreement dated as of March 17, 2003 (the "Original Agreement"), which secured certain of the Applicant's obligations relating to letters of credit issued under the Credit Agreement (as defined in the Original Agreement).

  • Any refinancing of the NM Shipmortgage Notes referred to in clause 8.4(2) shall not give rise to any proceeds under the Securities Account Pledge or result in any mandatory prepayment obligation under clause 4.3.

  • Account Pledge Agreement, of even date herewith, between the Borrower and the Agent; the Securities Account Pledge Agreement, of even date herewith, between Resource Capital Investor, Inc.

  • This Amendment shall not be deemed effective until receipt by Bank of (a) a Securities Account Pledge Agreement (the “Pledge Agreement”), in form and content satisfactory to Bank, granting Bank a security interest in the Pledged Account and (b) all other additional instruments, documents or information as the Bank may reasonably deem necessary or advisable to perfect, protect and maintain the security interests in the Pledged Account.

  • With respect to the French Securities Account Pledge Agreement granted by Parent, the related pledged bank account certificate of pledge (attestation de nantissement) shall be sent within 10 Business Days after the Closing Date (or such later date as may be reasonably agreed by the Collateral Agent) by Parent to each bank account holder.

  • Securities Account Pledge Agreement.......................49 Section 6.05.

  • Amend the Securities Account Pledge Agreement without the prior written consent of the Required Lenders, which consent shall not be unreasonably withheld.

  • We hereby give you notice that under a Securities Account Pledge Agreement dated on or about [●] (the "Pledge Agreement"), we have pledged as a first ranking security to […] (the "Pledgee"), all title, interest, benefit, claims and rights of any nature, present and future in connection with and to our Securities Account (including all securities deposited or standing from time to the account, in whatever form).


More Definitions of Securities Account Pledge

Securities Account Pledge means a pledge or other instrument in respect of the Securities Account executed or to be executed by the Borrower in favour of the Lender in such form as the Lender may require in its reasonable discretion
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Related to Securities Account Pledge

  • Account Pledge means, in relation to each Account, a pledge agreement creating security in respect of that Account in the Agreed Form and, in the plural, means all of them;

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • 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).

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent before the Issue Date in respect of a first priority pledge over the Escrow Account and all funds standing to the credit of the Escrow Account from time to time, granted in favour of the Agent and the Holders (represented by the Agent).

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.

  • Commodity Account Control Agreement means a control agreement in a form that is reasonably satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Commodity Account.

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

  • 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”.

  • 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.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Collection Account Bank and Lender providing for the exclusive control of the Collection Account and all other Accounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender.

  • Securities Entitlement means the rights and property interests of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • Investment Property Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, and has such other terms and conditions as Agent may require.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • 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).

  • Approved Securities Intermediary means a Securities Intermediary or Commodity Intermediary selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Control Account Agreement.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative 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.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Deposit Account Control Agreement.

  • Control Agreements means, collectively, the Deposit Account Control Agreement, the Securities Account Control Agreement and the Commodity Account Control Agreement.

  • Security Account “Software”, and “Supporting Obligations”.

  • Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.