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. 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 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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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. 5 11. Tenant Estoppels and SNDAs............................................... 5 12. Insurance................................................................ 5 13. Reporting................................................................ 6 14. Management............................................................... 6 15.
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Related to Blocked Accounts Agreement

  • 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;

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

  • 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 (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;

  • 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.

  • Deposit Accounts; Credit Card Processors Open new DDAs (other than Excluded DDAs and Retail DDAs) unless the Loan Parties shall have delivered to the Agent appropriate Blocked Account Agreements consistent with the provisions of Section 6.12 and otherwise satisfactory to the Agent. No Loan Party shall maintain any bank accounts or enter into any agreements with Credit Card Issuers or Credit Card Processors other than the ones expressly contemplated herein or in Section 6.12 hereof.

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