Termination of Account Control Agreements Sample Clauses

Termination of Account Control Agreements. The Parties shall use commercially reasonable efforts to terminate the account control agreements among Buyer, Seller (or an Affiliate of Seller), and Silicon Valley Bank related to the Master Lease Agreement within [***] Business Days after the Closing Date. After the Closing, Seller shall not, and shall cause its Affiliates to not, issue a notice or direction to Silicon Valley Bank directing Silicon Valley Bank to disperse any funds in such accounts to Seller or its Affiliates. The provisions of this Section 7.7 shall survive Closing.
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Termination of Account Control Agreements. Upon the completion of the Trigger Event Date Transfer, the Administrative Agent shall, at the sole cost and expense of the Borrower and the other Loan Parties, promptly take such action to terminate all Account Control Agreements with respect to each Control Account and shall release its Lien on each Control Account (including the funds on deposit in each such account); provided that (i) in no event shall the Administrative Agent release its Lien on any Collateral maintained in the Administrative Agent’s Collateral Account until the date that all Obligations under the Loan Documents are satisfied in full in cash and all Commitments of the Lenders have been terminated and (ii) the foregoing shall in no way affect any arrangements for cash collateral for any letters of credit issued by Bank of America for the account of the Borrower or any Subsidiary of the Borrower.
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Related to Termination of Account Control Agreements

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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;

  • Change of Control Agreements Neither the execution and delivery of this Agreement nor the consummation of the Merger or the other transactions contemplated by this Agreement, will (either alone or in conjunction with any other event) result in, cause the accelerated vesting or delivery of, or increase the amount or value of, any payment or benefit to any director, officer or employee of the Company. Without limiting the generality of the foregoing, no amount paid or payable by the Company in connection with or by reason of the Merger or the other transactions contemplated by this Agreement, including accelerated vesting of options, (either solely as a result thereof or as a result of such transactions in conjunction with any other event) will be an “excess parachute payment” within the meaning of Section 280G of the Code.

  • Change in Control Agreements Simultaneously with the execution and delivery of this Agreement, the Company and the Executive have executed and delivered a Change In Control Agreement ("C-I-C Agreement"), which applies under the circumstances and during the period described therein. If circumstances arise which cause both the C-I-C Agreement and this Agreement to apply to the Company and the Executive, then, to the extent of any inconsistency between the provisions of this Agreement and the C-I-C Agreement, the terms of the C-I-C Agreement alone shall apply. However, if the C-I-C Agreement does not apply (as, for example, if there is no Change in Control as described therein, or the C-I-C Agreement has expired, or the C-I-C Agreement simply does not apply), then the provisions of this Agreement shall control and be unaffected by the C-I-C Agreement.

  • 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.

  • Change in Control Agreement An Agreement Regarding Change in Control in effect between the Company (or the Surviving Entity) and the Employee, if any.

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