LC Collateral Account definition

LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

LC Collateral Account means a collateral account in the form of a deposit account established and maintained by the Administrative Agent for the benefit of the Secured Creditors, in accordance with the provisions of Section 2.13.

LC Collateral Account has the meaning specified in Section 2.04(b).

Examples of LC Collateral Account in a sentence

• ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 704 8.1 Acceleration; Facility LC Collateral Account.

• The Agent will invest any funds on deposit from time to time in the Facility LC Collateral Account in certificates of deposit of JPMCB or other Cash Equivalents Investments acceptable to the Agent having a maturity not exceeding 30 days; provided that the Agent shall at all times maintain a perfected security interest in such investments for the ratable benefit of the LC Issuer and the Lenders.

• Nothing in this Section 2.19(k) shall either obligate the Agent to require the Company to deposit any funds in the Facility LC Collateral Account or limit the right of the Agent to release any funds held in the Facility LC Collateral Account in each case other than as required by Section 8.1.

More Definitions of LC Collateral Account

LC Collateral Account has the meaning specified in Section 6.02.

LC Collateral Account means the account at any time designated as the LC Collateral Account established and maintained by the Administrative Agent (for the benefit of the LC Bank and the LC Participants), or such other account as may be so designated as such by the Administrative Agent.

LC Collateral Account means the account designated as the LC Collateral Account established and maintained by the Administrator (for the benefit of the LC Bank and the LC Participants), or such other account as may be so designated as such by the Administrator.

LC Collateral Account is defined in Section 2.18(k).

LC Collateral Account means, with respect to each LC Bank, the account at any time designated as the LC Collateral Account for such LC Bank and established and maintained by the Administrative Agent (for the benefit of such LC Bank and the Related LC Participants), or such other account as may be so designated as such by the Administrative Agent. As of the Closing Date, no such account(s) have been opened.

LC Collateral Account means, individually or collectively as the context may require, the U.S. LC Collateral Account and the Non-U.S. LC Collateral Account.

LC Collateral Account means a blocked deposit account held by the Administrative Agent.