Blocked Accounts Agreement Sample Clauses

Blocked Accounts Agreement. Simultaneously with the execution and delivery hereof, (a) Prime, Senior Lender, and Lock Box Bank have entered into the Blocked Accounts Agreement and (b) Prime has made the initial deposits of funds pursuant thereto. Prime hereby pledges its interest in the Blocked Accounts to Senior Lender as security for its obligations under this Intercreditor Agreement and the other Prime Documents.
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Blocked Accounts Agreement. The Trustee has the power and authority to grant indemnification to the Bank pursuant to the Deposit Account Control Agreement if and as necessary, and the Holders hereby acknowledge that the Trustee, in order to so indemnify the Bank, may have recourse against any part of the Collateral granted to it by each Issuer and PNCC, pursuant to Article 10 of this Indenture.
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Blocked Accounts Agreement. As soon as practicable, and in any event no later than the Closing Date, the Company shall deliver to the Security Agent the Blocked Accounts Agreement, in form and substance satisfactory to the Security Agent, and act accordingly until full repayment and release by the Security Agent.‌
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Blocked Accounts Agreement. 5 11. Tenant Estoppels and SNDAs............................................... 5 12. Insurance................................................................ 5 13. Reporting................................................................ 6 14. Management............................................................... 6 15.
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Blocked Accounts Agreement. 5 3.11 Warrant Agreement and the Warrants........................................................... 6 3.12
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Blocked Accounts Agreement. The Borrowers shall have executed and delivered the Blocked Accounts Agreement to the Lenders and such agreement shall be in full force and effect.
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Related to Blocked Accounts Agreement

  • Account Agreement Lender shall have received the original of the Account Agreement executed by each of Cash Management Bank and Borrower.

  • 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 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 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.

  • 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.

  • Control Agreements Borrower agrees that it will not transfer assets out of any Securities Accounts other than as permitted under Section 7.19 and, if to another securities intermediary, unless each of Borrower, Lender, and the substitute securities intermediary have entered into a Control Agreement. No arrangement contemplated hereby or by any Control Agreement in respect of any Securities Accounts or other Investment Property shall be modified by Borrower without the prior written consent of Lender. Upon the occurrence and during the continuance of a Default or Event of Default, Lender may notify any securities intermediary to liquidate the applicable Securities Account or any related Investment Property maintained or held thereby and remit the proceeds thereof to the Lender's Account.

  • Special Account Instructions You may request that we facilitate certain trust, will, or court-ordered account arrangements. However, because we do not give legal advice, we cannot counsel you as to which account arrangement most appropriately meets the specific requirements of your trust, will, or court order. If you ask us to follow any instructions that we believe might expose us to claims, lawsuits, expenses, liabilities, or damages, whether directly or indirectly, we may refuse to follow your instructions or may require you to indemnify us or post a bond or provide us with other protection. We may require that account changes requested by you, or any account owner, such as adding or closing an account or service, be evidenced by a signed Account Change Card or other document which evidences a change to an account and accepted by us.

  • Lockbox The Secured Party may, by notice to the Debtor, require the Debtor to direct each of its account debtors to make payments due under the relevant account or chattel paper directly to a special lockbox to be under the control of the Secured Party. The Debtor hereby authorizes and directs the Secured Party to deposit all checks, drafts and cash payments received in said lockbox into the collateral account established as set forth above.

  • Change of Control Agreement Except as expressly amended herein, all of the terms and provisions of the Change of Control Agreement shall remain in full force and effect.

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