Common use of Collateral Accounts Established Clause in Contracts

Collateral Accounts Established. The Collateral Agent acknowledges, confirms and agrees that it has established the Collateral Accounts as set out in Section 2.02(a), which shall be maintained in the name of the Borrower but under the exclusive “control” (within the meaning of Section 8-106(d) of the UCC) of the Collateral Agent at all times until the termination of this Agreement.

Appears in 2 contracts

Sources: Collateral Agency Agreement (Cheniere Energy Inc), Credit Agreement (Cheniere Energy Inc)