Senior Secured Note Collateral Proceeds Account

Senior Secured Note Collateral Proceeds Account. Shall mean the collective reference to one or more deposit accounts now or hereafter established in accordance with the provisions of the Senior Secured Indenture and/or the Security Documents (as defined in the Senior Secured Indenture) as in effect on December 1, 2004 for the purpose of solely holding the proceeds received upon the sale, lease, transfer, exchange or other disposition of Senior Secured Note Collateral; provided, that, (i) no Senior Secured Note Collateral Proceeds Account... shall at any time contain Collateral or any proceeds thereof and (ii) no Senior Secured Note Collateral Proceeds Account shall include any account with Wachovia Bank, National Association bearing account number 2090000165571, 20900002052093 or 9981227026. View More