Common use of Account Pledges Clause in Contracts

Account Pledges. Within ten (10) Banking Days of the date hereof, the relevant Security Party shall deliver to the Facility Agent an executed account pledge in respect of each of the Earnings Account and the Retention Account.

Appears in 1 contract

Sources: Waiver Agreement (International Shipholding Corp)

Account Pledges. Within ten (10) Banking Days of the date hereof, the relevant Security Party shall deliver to the Facility Agent an executed account pledge in respect of each of the Earnings Account and the Retention Account.;

Appears in 1 contract

Sources: Facility Agreement (International Shipholding Corp)