Common use of Deposit Account Control Agreements Clause in Contracts

Deposit Account Control Agreements. Within forty five (45) days (or such longer period as may be agreed to by the Required Holders acting in their sole discretion) of the Closing Date, each Loan Party agrees to deliver or to cause to be delivered to the Collateral Agent, in form and substance reasonably satisfactory to the Required Holders, a control agreement for each deposit account (excluding Excluded Deposit Accounts) (as defined in the Security Agreement).

Appears in 2 contracts

Samples: Note Purchase Agreement (KonaTel, Inc.), Note Purchase Agreement (KonaTel, Inc.)

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Deposit Account Control Agreements. Within forty five thirty (4530) days (or such longer period as may be agreed to by the Required Holders acting in their sole discretion) of the Initial Closing Date, each Loan Party agrees to deliver or to cause to be delivered to the Collateral Agent, in form and substance reasonably satisfactory to the Required Holders, a control agreement for each deposit account (excluding Excluded Deposit Accounts) (as defined in the Security Agreement).

Appears in 1 contract

Samples: Note Purchase Agreement (Neptune Wellness Solutions Inc.)

Deposit Account Control Agreements. Within forty forty-five (45) days days, (or such longer period as may be agreed to by the Required Holders Purchaser acting in their its sole discretion) of after the Closing Date, each Loan Party agrees to deliver or to cause to be delivered to the Collateral AgentPurchaser, in form and substance reasonably satisfactory to the Required HoldersPurchaser, a control agreement for each deposit account (excluding Excluded Deposit Accounts) (as defined in the Security Agreement)).

Appears in 1 contract

Samples: Note Purchase Agreement (Interactive Strength, Inc.)

Deposit Account Control Agreements. Within forty five The Loan Parties will provide to the Agent within thirty (4530) days after the Closing Date (or such longer period or, if later, as may be agreed to by the Required Holders acting in their sole discretion) of the Closing Datedate any Loan Party’s interest in such account arises), a Deposit Account Control Agreement duly executed on behalf of each financial institution holding a deposit account of a Loan Party agrees to deliver or to cause to be delivered to the Collateral Agent, in form and substance reasonably satisfactory to the Required Holders, a control agreement for each deposit account (excluding Excluded Deposit Accounts) (as defined set forth in the Security Agreement).

Appears in 1 contract

Samples: Credit Agreement (Action Performance Companies Inc)

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Deposit Account Control Agreements. Within forty five Upon request of the Purchaser, which such request shall be no earlier than thirty (4530) days (or such longer period as may be agreed to by the Required Holders acting in their sole discretion) of after the Closing Date, each Loan Party agrees to deliver or to cause to be delivered to the Collateral AgentPurchaser, in form and substance reasonably satisfactory to the Required HoldersPurchaser, a control agreement for each deposit account (excluding Excluded Deposit Accounts) (as defined in the Security Agreement)) within thirty (30) days (or such longer period as may be agreed to by the Purchaser acting in its sole discretion) of such request.

Appears in 1 contract

Samples: Note Purchase Agreement (FaceBank Group, Inc.)

Deposit Account Control Agreements. Within forty forty-five (45) days (or such longer period as may be agreed to by the Required Holders Agent acting in their its sole discretion) of the Closing Date, each Loan Credit Party agrees to deliver or to cause to be delivered to the Collateral Agent, in form and substance reasonably satisfactory to the Required HoldersAgent, a control agreement Control Agreement for each deposit account, securities account and commodities account (excluding Excluded Deposit other than Exempt Accounts) (as defined in the Security Agreement).

Appears in 1 contract

Samples: Securities Purchase Agreement (Faraday Future Intelligent Electric Inc.)

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