Lockbox Account Agreements and Blocked Account Agreements Sample Clauses

Lockbox Account Agreements and Blocked Account Agreements. Duly executed originals of tri-party lockbox account agreements and blocked account agreements in form and substance reasonably satisfactory to Agent shall have been delivered to Agent with respect to all bank accounts of the Credit Parties and creating lockboxes and lockbox accounts as required by Section 2.10.
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Lockbox Account Agreements and Blocked Account Agreements. Duly executed originals of tri-party lockbox account agreements and blocked account agreements in form and substance reasonably satisfactory to Agent shall have been delivered to Agent with respect to all bank accounts of the Credit Parties and creating lockboxes and lockbox accounts as required by Section 2.9; provided, that notwithstanding the foregoing (i) no tri-party control agreement shall be required as a condition to funding of any Revolving Credit Advance or issuance of any Letter of Credit with respect to deposit account number 6301465195509 or deposit account number 323116272, each maintained at JPMorgan Chase Bank until March 31, 2004, so long as not more than $50,000 in the aggregate is held in such deposit accounts and Borrower continues to use reasonable efforts to obtain such tri-party control agreement, and (ii) no tri-party control agreement shall be required for deposit account number 218742 maintained at Pinnacle Bank or deposit account number 0000000000 maintained at Xxxxxx County Bank until the thirtieth (30th) day following the date hereof and so long as not more than $5,000 is held in either such deposit account.
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Related to Lockbox Account Agreements and Blocked Account Agreements

  • 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.

  • 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;

  • 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;

  • 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.

  • 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 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;

  • Lockbox Accounts The names and addresses of all the Lockbox Banks, together with the account numbers of the Lockbox Accounts of the Seller at each Lockbox Bank and the post office box numbers of the lockboxes, are listed on Schedule 6.1(o) (or have been notified to and approved by the Agents in accordance with Section 7.3(d)) and are the only post office boxes and accounts into which Collections of Receivables are deposited or remitted. The Seller has not granted any Person, other than the Administrative Agent for the benefit of the Secured Parties as contemplated by this Agreement, control of any lockbox or Lockbox Account, or the right to take control of any such lockbox or Lockbox Account at a future time.

  • Lockboxes Upon request of the Administrative Agent after the occurrence and during the continuance of a Default, each Grantor shall execute and deliver to the Administrative Agent irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Administrative Agent, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of the Administrative Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at the Administrative Agent.

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

  • Lock-Box Accounts The names and addresses of all of the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks, are specified in Schedule 6.1(n).

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