Collateral Account

Collateral Account. The high yield savings account #__________ (and any and all sub-accounts thereof, replacement accounts therefor and other accounts relating thereto) maintained by the Applicant at the Bank for the benefit of the Bank.

Collateral Account. Accounts (collectively, the "Collateral Account "), which shall be one or more Securities Accounts and Deposit Accounts, each in the name and under the sole dominion and control of the Administrative Agent and, in the case of a Securities Account, in respect of which the Administrative Agent is the Entitlement Holder, into which there shall be deposited from time to time the cash proceeds... of any of the Collateral (including proceeds of insurance thereon) required to be delivered to the Administrative Agent pursuant hereto or that, as -2 provided in Section 2.05(k) of the Credit Agreement, any of the Obligors are required to pledge as cash collateral or otherwise deposit into the Collateral Account. The Financial Assets and other property and balances credited to the Collateral Account from time to time shall constitute part of the Collateral hereunder and shall not constitute payment of the Secured Obligations until applied as hereinafter provided. Except as provided (a) in the next sentence with respect to an Event of Default or (b) with respect to the amount of the LC Exposure Sub-Account, the Administrative Agent shall remit the collected balance standing to the credit of the Collateral Account to or upon the order of the Lead Borrower shall from time to time instruct. However, at any time following the occurrence and during the continuance of an Event of Default, the Administrative Agent may (and, if instructed by the Required Lenders, shall) in its (or their) discretion apply or cause to be applied (subject to collection) the balance from time to time stand ing to the credit of the Collateral Account to the payment of the Secured Obligations in the manner specified in Section 5.09. The balance from time to time in the Collateral Account shall be subject to withdrawal and application only as provided herein (including this Section and Sections 4.04 and 5.09). View More

Collateral Account. Means a special non-interest bearing account at a financial institution selected by the Collateral Agent (which may be at Bank of America) styled "Peerless Collateral Account."

Collateral Account. Any account to hold money Proceeds, maintained under the sole dominion and control of the Company.

Collateral Account. Shall mean any collateral account established by the Administrative Agent as provided in subsection 5.1.

Collateral Account. Any collateral account established by the Lender as provided in subsection 5.4 or subsection 8.2.

Collateral Account. Means any collateral account established by the Administrative Agent as provided in Section 5.3 or Section 8.2.

Collateral Account. As defined in the Collateral Agency Agreement.

Collateral Account. Has the meaning assigned such term in the Collateral Agency Agreement.

Collateral Account. Any collateral account established by the Lender in accordance with the provisions of this Agreement.