Blocked Account Control Agreements Sample Clauses

Blocked Account Control Agreements. The Agent and each Lender shall have received copies of Blocked Account Control Agreements related to each Property Manager Account maintained by Silver Bay Property Corp. or any Collecting Property Manager that is an Affiliate of any Borrower, in each case duly executed by each such Collecting Property Manager that is an Affiliate of any Borrower, the bank maintaining the related Property Manager Account and each Borrower.
Sample 1
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Blocked Account Control Agreements. (a) Cause each Manager to, (i) deliver irrevocable written instructions to all Tenants to deliver all Rents and other receipts payable thereunder directly to the applicable Lockbox Account, (ii) deliver irrevocable written instructions to each of the credit card companies or credit card clearing banks with which any Group Member or such Manager has entered into merchant’s agreements to deliver all receipts payable with respect to the applicable Borrowing Base Property directly to the applicable Lockbox Account and (iii) deposit all amounts received by any Group Member or the Manager constituting Rents into the Lockbox Account within one Business Day after receipt thereof.
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Blocked Account Control Agreements. The Administrative Agent shall have received deposit account control agreements in form and substance reasonably satisfactory to the Administrative Agent granting the Administrative Agent “control” for purposes of Article 9 of the Uniform Commercial Code or as necessary to perfect such security interest under any other applicable law (such agreements, each as amended, supplemented or otherwise modified from time to time, the “Blocked Account Control Agreements”), executed and delivered by a duly authorized officer of each party a party thereto, covering each Lockbox Account.
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Blocked Account Control Agreements. (a) Cause each Tenant to deposit all Rents in a Lockbox Account subject to a Blocked Account Control Agreement.
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Blocked Account Control Agreements. (a) Blocked Account Control Agreement, dated as of January 10, 2005, by and among the Infinity, Inc., Infinity Oil & Gas of Wyoming, Inc., Promethean Asset Management L.L.C. and U.S. Bank National Association.
Sample 1
Blocked Account Control Agreements. To the extent not previously delivered on or prior to the Effective Date, the Administrative Agent shall have received deposit account control agreements in form and substance reasonably satisfactory to the Administrative Agent granting, with respect to each Borrowing Base Property, the Subsidiary of the REIT that is a lessor under the relevant Operating Lease “control” for purposes of Article 9 of the Uniform Commercial Code or as necessary to perfect such security interest under any other applicable law (such agreements, each as amended, restated, supplemented or otherwise modified from time to time, the “Blocked Account Control Agreements”), executed and delivered by a duly authorized officer of each party a party thereto, covering each Lockbox Account, together with legal opinions satisfactory to the Administrative Agent; provided that, all interests of such Subsidiary in such Blocked Account Control Agreements, together with each related Lockbox Account, shall be assigned to the Administrative Agent, for the benefit of the Secured Parties, pursuant to the Guarantee and Collateral Agreement.
Sample 1

Related to Blocked Account Control 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.

  • 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.

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

  • 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;

  • Control Agreement A control agreement (the “Custodian Control Agreement”), duly executed and delivered by the Borrower, the Administrative Agent and State Street Bank and Trust Company.

  • 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;

  • Blocked Account The Blocked Account referred to in Section 2.10(c) hereof shall have been established to the satisfaction of FINOVA in its sole discretion;

  • Change of Control Agreements Neither the execution and delivery of this Agreement nor the consummation of the Merger or the other transactions contemplated by this Agreement, will (either alone or in conjunction with any other event) result in, cause the accelerated vesting or delivery of, or increase the amount or value of, any payment or benefit to any director, officer or employee of the Company. Without limiting the generality of the foregoing, no amount paid or payable by the Company in connection with or by reason of the Merger or the other transactions contemplated by this Agreement, including accelerated vesting of options, (either solely as a result thereof or as a result of such transactions in conjunction with any other event) will be an “excess parachute payment” within the meaning of Section 280G of the Code.

  • Deposit Accounts; Credit Card Arrangements (a) Annexed hereto as Schedule 5.21(a) is a list of all DDAs maintained by the Loan Parties as of the Closing Date, which Schedule includes, with respect to each DDA (i) the name and address of the depository; (ii) the account number(s) maintained with such depository; (iii) a contact person at such depository, and (iv) the identification of each Blocked Account Bank.

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