Control Agreements, Etc Clause Samples

Control Agreements, Etc. Each Borrower and each Guarantor Subsidiary shall hold all of its cash and Cash Equivalents in a Deposit Account or Securities Account that is, except for Excluded Accounts, subject to a Control Agreement or Account Charge, as applicable. All such Control Agreements governed under the laws of a state or territory of the United States shall provide for “springing” cash dominion with respect to each such account, including each disbursement account that is not an Excluded Account. With respect to each Control Agreement providing for “springing” cash dominion, Administrative Agent will not deliver to the relevant depository institution a notice or other instruction which provides for exclusive control over such account by Administrative Agent unless an Event of Default has occurred and is continuing.
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Control Agreements, Etc. Except as set forth in the Subordination Agreement, Beneficiary shall not have any obligation or responsibility to do any of the following pursuant to this Security Agreement: (a) protect or preserve the Collateral against the rights of third persons having an interest therein; (b) subordinate its security interest in the Collateral to the interests of any third persons; or (c) enter into Control Agreements relative to the Collateral; provided, however, that nothing contained in this Section 5.3 shall be deemed to limit any provisions or duties of the Beneficiary set forth in the Stock Purchase Agreement or any employment agreement between the Grantor and any Beneficiary.
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Control Agreements, Etc. Take all reasonable steps in order for the Collateral Agent or the Administrative Agent to obtain control in accordance with Sections 8-106, 9-104, 9-105, 9-106, and 9-107 of the Uniform Commercial Code with respect to all of its securities accounts, deposit accounts, electronic chattel paper, investment property, and letter of credit rights, except as otherwise provided in Section 8.01(a).
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Related to Control Agreements, Etc

  • Control Agreements Each 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 the applicable Borrower, Agent, 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 Borrowers without the prior written consent of Agent. Upon the occurrence and during the continuance of a Default or Event of Default, Agent 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 Agent's 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.

  • 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.