Proceeds Account Pledge Agreement definition

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).
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Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or about 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).
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Proceeds Account Pledge Agreement has the meaning given to such term in the Terms and Conditions.
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Examples of Proceeds Account Pledge Agreement in a sentence

  • Any funds distributed by the Agent to the Bondholders in accordance with the Proceeds Account Pledge Agreement shall be deemed to be paid by the Issuer for the redemption under this Clause 4.1(e).

  • The Proceeds Accounts will be blocked and pledged by the Issuer in favour of the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Any proceeds received from an enforcement of the Proceeds Account Pledge Agreement shall be distributed to the Bondholders only.

  • Any funds distributed by the Agent to the Bondholders in accordance with the Proceeds Account Pledge Agreement shall be deemed to be paid by the Issuer for the redemption under this Clause 4(e).

  • Any Security granted over the Proceeds Account Pledge Agreement or similar arrangement whereby the proceeds from the Bonds, the New Debt or other Debt are paid pending satisfaction of certain conditions for its disbursement shall not be subject to this Agreement and, hence, only secure the obligations and liabilities owed towards the creditor having disbursed such debt.

  • Any funds distributed by the Agent to the Bondholders in accordance with the Proceeds Account Pledge Agreement shall be deemed to be paid by the Issuer for the redemption under this Clause 4.1(f).

  • Upon request by the Administrative Agent or the Proceeds Collateral Agent at any time, the other Purchaser Parties will confirm in writing the Administrative Agent's and Proceeds Account Agent's authority to release particular types or items of collateral under the Proceeds Account Pledge Agreement pursuant to this Section 7.8(d).

  • LaSalle Bank National Association, by execution of the Proceeds Account Pledge Agreement, shall accept such appointment and upon such acceptance shall be entitled to exercise such rights, remedies, powers and privileges hereunder, thereunder and under the other Note Documents as are delegated to the Proceeds Collateral Agent by the terms hereof and thereof; together with such rights, remedies, powers and privileges as are reasonably incidental thereto.

  • The Fund Administrator assumes Proceeds Account Pledge Agreement (Nortel NPA) total and sole responsibility for administration of the custody, registrar services, payment of all applicable taxes and net asset value calculation with respect to the Fund.

  • The Proceeds Collateral Agent, upon the Company's request, at the Company's expense and to the extent authorized to do so by Article 7 of the Qualcomm/Ericsson Note Purchase Agreement and in accordance with this Section 15, shall execute and deliver to the Company all documents Proceeds Account Pledge Agreement (Qualcomm/Ericsson NPA) 16 103 reasonably necessary to evidence such release.


More Definitions of Proceeds Account Pledge Agreement

Proceeds Account Pledge Agreement means the Proceeds Account Pledge Agreement among the Company, the Proceeds Collateral Agent, the fund administrator designated thereunder and the fund manager designated thereunder, in substantially the form of Exhibit C hereto (or, if there is no such Exhibit on the date hereof, acceptable in form and substance to Nortel), as amended from time to time.
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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
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Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account
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Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Trustee on or about 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 Trustee and the Bondholders (represented by the Trustee).8
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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 Account15 (c) The initial nominal amount of each Initial Bond is SEK 1,250,000 (the "Nominal Amount"). The Total Nominal Amount of the Initial Bonds is SEK 300,000,000. All Initial Bonds are issued on a fully paid basis at an issue price of one hundred(100) per cent. of the Nominal Amount. (d) The minimum permissible investment in a Bond Issue is SEK 1,250,000. (e) Provided that the Incurrence Test is met, the Issuer may, at one or several occasions, issue Subsequent Bonds (each such issue, a "Subsequent Bond Issue"). Subsequent Bonds shall benefit from and be subject to the Finance Documents, and, for the avoidance of doubt, the ISIN, the Interest Rate, the Nominal Amount and the Final Maturity Date applicable to the Initial Bonds shall apply to Subsequent Bonds. The price of the Subsequent Bonds may be set at a discount or at a premium compared to the Nominal Amount. The maximum Total Nominal Amount of the Bonds (the Initial Bonds and all Subsequent Bonds) may not exceed SEK 300,000,000 600,000,000 unless a consent from the Bondholders is obtained in accordance with Clause 16(e)(i). Each Subsequent Bond shall entitle its holder to Interest in accordance with Clause 8(a), and otherwise have the same rights as the Initial Bonds. (f) The Bonds constitute direct, unconditional, unsubordinated and secured obligations of the Issuer and shall at all times rank (i) without any preference among them and (ii) at least pari passu with all direct, unconditional, unsubordinated and unsecured obligations of the Issuer, except those obligations which are mandatorily preferred by law. (g) The Bonds are freely transferable but the Bondholders may be subject to purchase or transfer restrictions with regard to the Bonds, as applicable, under local laws to which a Bondholder may be subject. Each Bondholder must ensure compliance with such restrictions at its own cost and expense. (h) No action is being taken in any jurisdiction that would or is intended to permit a public offering of the Bonds or the possession, circulation or distribution of any document or other material relating to the Issuer or the Bonds in any jurisdiction other than Sweden, where action for that purpose is required. Each Bondholder must inform itself about, and observe, any applicable restrictions...
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Related to Proceeds Account Pledge Agreement

  • Pledge Agreement means the Pledge Agreement, dated as of the date hereof, by and among the Company, the Collateral Agent, the Custodial Agent, the Securities Intermediary and the Agent, on its own behalf and as attorney-in-fact for the Holders from time to time of the Units.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

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