Securities Accounts Control Agreements Sample Clauses

Securities Accounts Control Agreements. Upon the request of the Agent, each Grantor shall execute and deliver to the Agent Securities Account Control Agreements for each Securities Account maintained by such Grantor. Before opening or replacing any Securities Account, each Grantor shall (a) obtain the Agent’s consent in writing to the opening of such Securities Account, and (b) cause each securities intermediary or financial institution with which it seeks to open such Securities Account, to enter into a Securities Account Control Agreement with the Agent in order to give the Agent Control of such Securities Account.
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Securities Accounts Control Agreements. Subject to Section 6.15, create or permit to exist any securities accounts (as such term is defined in the Uniform Commercial Code) owned by any Loan Party unless the securities intermediary for such securities account, such Loan Party and Administrative Agent have executed and delivered a control agreement in form and substance satisfactory to Administrative Agent; provided that the Loan Parties shall be permitted to have securities accounts for which no control agreement exists so long as the aggregate value of all securities contained in all such other securities accounts does not exceed $100,000 at any time.
Sample 1
Securities Accounts Control Agreements. Create or permit to exist any securities account (as such term is defined in the Uniform Commercial Code) owned by any Loan Party unless the securities intermediary for such securities account, such Loan Party and the Administrative Agent have executed and delivered a control agreement in form and substance satisfactory to Administrative Agent; provided that the Loan Parties shall be permitted to have securities accounts for which no control agreement exists so long as (i) there are no assets in such securities account except treasury stock and repurchased Convertible Bonds or (ii) the aggregate value of all securities contained in all such other securities accounts does not exceed $100,000 at any time.
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Related to Securities Accounts Control 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.

  • 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 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 Borrower, Lender, 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 Borrower without the prior written consent of Lender. Upon the occurrence and during the continuance of a Default or Event of Default, Lender 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 Lender's Account.

  • 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.

  • Securities Accounts If a Collateral Account is a securities account, the Financial Institution agrees that:

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement) maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • 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.

  • Securities Account All Permitted Investments have been and will be credited to a Securities Account. The securities intermediary for each Securities Account has agreed to treat all assets credited to the Securities Accounts as “financial assets” within the meaning of the applicable UCC.

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