Common use of Blocking Notice Clause in Contracts

Blocking Notice. If at any time the First Lien Collateral Agent or, after delivery of a Notice of Termination of First Lien Obligations sent by the First Lien Collateral Agent, the Second Lien Collateral Agent, as the case may be, delivers to the Securities Intermediary a Blocking Notice in substantially the form set forth in Exhibit B hereto, the Securities Intermediary agrees that after receipt of such notice, it will cease to follow any instruction with respect to the Securities Account from the Debtor.

Appears in 2 contracts

Samples: Patent Security Agreement (Edgen Murray LTD), Patent Security Agreement (Edgen Murray LTD)

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Blocking Notice. If at any time the First Lien Collateral Agent or, after delivery of a Notice of Termination of First Lien Obligations sent by the First Lien Collateral Agent, the Second Lien Collateral Agent, as the case may be, delivers to the Securities Intermediary a Blocking Notice in substantially the form set forth in Exhibit B hereto, the Securities Intermediary agrees that after receipt of such notice, it will cease to follow any take all instruction with respect to the Securities Account solely from the Debtorapplicable Collateral Lien Holder.

Appears in 2 contracts

Samples: Intercreditor Agreement (Greektown Newco Sub, Inc.), Pledge and Security Agreement (Greektown Superholdings, Inc.)

Blocking Notice. If at any time the First Lien Collateral Agent Bank or, after delivery of a Notice of Termination of First Lien Obligations sent by the First Lien Collateral AgentBank, the Second Lien Collateral Agent, as the case may be, delivers to the Securities Intermediary Financial Institution a Blocking Notice in substantially the form set forth in Exhibit B hereto, the Securities Intermediary Financial Institution agrees that after receipt of such notice, it will cease to follow any take all instruction with respect to the Securities Deposit Account solely from the DebtorBank.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Greektown Newco Sub, Inc.), Control Agreement (Greektown Superholdings, Inc.)

Blocking Notice. If at any time the First Lien Collateral Agent or, after delivery of a Notice of Termination of First Lien Obligations sent by the First Lien Collateral Agent, the Second Lien Collateral Agent, as the case may be, delivers to the Securities Intermediary Financial Institution a Blocking Notice in substantially the form set forth in Exhibit B hereto, the Securities Intermediary Financial Institution agrees that after receipt of such notice, it will cease to follow any take all instruction with respect to the Securities Deposit Account solely from the Debtorsuch Collateral Lien Holder.

Appears in 2 contracts

Samples: Intercreditor Agreement (Greektown Newco Sub, Inc.), Pledge and Security Agreement (Greektown Superholdings, Inc.)

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Blocking Notice. If at any time the First Lien Collateral Agent Bank or, after delivery of a Notice of Termination of First Lien Obligations sent by the First Lien Collateral AgentBank, the Second Lien Collateral Agent, as the case may be, delivers to the Securities Intermediary a Blocking Notice in substantially the form EXHIBIT C-3 set forth in Exhibit B hereto, the Securities Intermediary agrees that after receipt of such notice, it will cease to follow any take all instruction with respect to the Securities Account solely from the Debtorapplicable Collateral Lien Holder.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Greektown Newco Sub, Inc.), Control Agreement (Greektown Superholdings, Inc.)

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