Bank Account Agreements Sample Clauses

Bank Account Agreements. Each bank account agreement with ----------------------- respect to which Buyer (to the extent Buyer has determined that it wants such agreement transferred to it) and the relevant bank or financial institution have agreed to a transfer of such agreement to Buyer effective on or immediately after the Closing Date; provided, that Sellers shall have no obligation with respect to the foregoing other than to execute an Assumption and Assignment Agreement and to pay all fees current through Closing (other than account transfer fees);
Sample 1
AutoNDA by SimpleDocs
Bank Account Agreements. Within ninety (90) days after the Closing Date, each Borrower maintaining a depositary account (each a "Depositary Account") with any bank other than the Agent (each a "Depository Bank") shall enter into a depositary account agreement, in form and substance satisfactory to the Agent, with the relevant Depository Bank and the Agent (each, as the same may be amended, restated, supplemented or otherwise modified from time to time, called a "Depositary Account Agreement"). Pursuant to the Collateral Documents, including any Depositary Account Agreement, each Borrower shall grant to the Agent, for the benefit of the Lender Parties, a continuing first priority lien upon, and security interest in, the Master Account, the Agent Bank Accounts, the Depositary Accounts and the Operating Account, respectively, in each case as described below (collectively, the "Bank Accounts"), all funds, items, instruments, investments, securities and other things of value at any time paid, deposited, credited to or held in the Lockbox (as described below) or the Bank Accounts (whether for collection, provisionally or otherwise), and all other Property of such Borrower from time to time in the possession or under the control of, or in transit to, any Lender Party, any Depository Bank or any agent, bailee or custodian therefor, and all proceeds of all of the foregoing. The Depositary Account Agreements shall each specify that throughout the term of this Agreement, the respective Depository Bank (I) shall be pledgee-in-possession (for the benefit of Agent, for the benefit of the Lender Parties) of the underlying Bank Accounts of each Borrower described therein, all Cash Instruments of each Borrower held by such Person, and all such funds, items, instruments, investments, securities, other things of value, Property and proceeds, (II) shall take such action as shall be specified in written notice from the Agent to enable the Agent to exercise its rights with respect to such lien and security interest, (III) shall forward all amounts received in such Depositary Accounts to the Master Account through weekly sweeps (or more frequently upon Agent's request during any Event of Default or at any time at Funds Administrator's request), (IV) shall be entitled to exercise all and any rights which any Lender Party may have under this Agreement and the other Loan Documents or applicable law with respect to the Depositary Accounts of each Borrower described therein and such other Property, and (V) s...
Sample 1Sample 2
Bank Account Agreements. All transactions arising from the authorized use of the Card shall be subject to and controlled by the terms of all agreements, rules and regulations governing your Bank Account and any other contractual relationships you have with us, each as amended from time to time.
Sample 1

Related to Bank Account Agreements

  • Deposit Account Control Agreements the Deposit Account control agreements to be executed by each institution maintaining a Deposit Account for an Obligor, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations.

  • Account Control Agreements Account Control Agreements for all of Borrower’s deposit accounts and accounts holding securities duly executed by all of the parties thereto, in the forms provided by or reasonably acceptable to Lender.

  • Bank Accounts The Custodian shall identify on its books as belonging to the applicable Fund cash (including cash denominated in foreign currencies) deposited with the Custodian. Where the Custodian is unable to maintain, or market practice does not facilitate the maintenance of, cash on the books of the Custodian, a bank account or bank accounts shall be opened and maintained outside the United States on behalf of a Portfolio with a Foreign Sub-Custodian. All accounts referred to in this Section shall be subject only to draft or order by the Custodian (or, if applicable, such Foreign Sub-Custodian) acting pursuant to the terms of this Agreement to hold cash received by or from or for the account of the Portfolio. Cash maintained on the books of the Custodian (including its branches, subsidiaries and affiliates), regardless of currency denomination, is maintained in bank accounts established under, and subject to the laws of, The Commonwealth of Massachusetts.

  • Deposit Account Control Agreement control agreement satisfactory to Agent executed by an institution maintaining a Deposit Account for an Obligor, to perfect Agent’s Lien on such account.

  • Control Agreements (i) Except to the extent otherwise excused by Section 7(k)(iv), each Grantor shall obtain an authenticated Control Agreement (which may include a Controlled Account Agreement), from each bank maintaining a Deposit Account or Securities Account for such Grantor;

  • Depository Accounts Except to the extent that Manager has not complied with its obligations under Sections 2.4 and 5.2, Owner and Manager agree that Manager shall have no liability for loss of funds of Owner contained in the bank accounts for the Property maintained by Owner or Manager pursuant to this Agreement due to insolvency of the bank or financial institution in which its accounts are kept, whether or not the amounts in such accounts exceed the maximum amount of federal or other deposit insurance applicable with respect to the financial institution in question.

  • Account Control Agreement The provisions of Sections 8.02 and 8.05 are subject to the terms of the Account Control Agreement.

  • Bank Accounts; Investments Capital Contributions, revenues and any other Company funds shall, as directed by Preferred, be deposited by the Company in trading accounts (whether “regulated” or “unregulated”) established in the name of the Company. As provided by Rule 4.20(c) of the Commodity Futures Trading Commission (the “CFTC”), no other funds shall be deposited into the Company’s trading accounts or commingled with Company investments. Funds deposited in the Company’s trading accounts may be withdrawn only to be invested in furtherance of the Company’s purposes, to pay Company debts or obligations or to be distributed to the Members pursuant to this Agreement.

  • Blocked Accounts Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!