Special Account definition
Special Account means the account referred to in Section 2.02 (b) of this Agreement;
Special Account means the account referred to in Part B of Schedule 1 to this Agreement.
Special Account means the account referred to in Part B of Schedule 1 to this Agreement;
Examples of Special Account in a sentence
Amounts on deposit in the Special Account may be applied by ▇▇▇▇▇▇ at any time or from time to time to the Obligations in ▇▇▇▇▇▇’s sole discretion, and shall not be subject to withdrawal by Borrower so long as ▇▇▇▇▇▇ maintains a security interest therein.
If the Revolving Note expires or is terminated for any reason whatsoever while any Letter of Credit is outstanding, Borrower shall thereupon pay Lender in immediately available funds for deposit in the Special Account an amount equal to one hundred and five percent (105%) of the then outstanding L/C Amount.
Any interest earned on amounts deposited in the Special Account shall be credited to the Special Account.
More Definitions of Special Account
Special Account means a managed account in which a financial adviser, trustee, or other person buys or sells Restricted Trading Securities for a Covered Person (or for a person in whose securities a Covered Person has a Beneficial Ownership interest), provided that the account meets the requirements described in Section D.2.f.(4).
Special Account means a specified cash collateral account maintained by a financial institution acceptable to the Lender in connection with Letters of Credit, as contemplated by Section 2.4.
Special Account means an account as defined for the purposes of Chapter 4A of Part 8 of the Jobseeker’s Allowance Regulations or Chapter 5 of Part 10 of the Employment and Support Allowance Regulations;
Special Account means the account maintained by the Company with a bank in Singapore for the purpose of crediting moneys paid by exercising Warrantholders in satisfaction of the Exercise Price in relation to the Warrants exercised by such exercising Warrantholders;
Special Account means any of the Special Accounts.
Special Account means one or more of the Special Accounts established in the Debt Service Reserve Fund by a Supplemental Resolution pursuant to the Second Resolution.
Special Account. A’ means the account referred to in Section 2.02 (b) (i) of this Agreement;