Common Contracts
1 similar Blocked Account Agreement contracts
Blocked Account Agreement with NoticeBlocked Account Agreement • June 17th, 2011 • New York
This Blocked Account Agreement (“Agreement”) dated as of June 17, 2011, is made by and among Wells Fargo Capital Finance, LLC (in its capacity as first-priority agent, “ABL Secured Party”), Black Diamond Commercial Finance, L.L.C. (in its capacity as second-priority agent, “Roll-Over Secured Party”), Black Diamond Commercial Finance, L.L.C. (in its capacity as third-priority agent, “Shareholder Secured Party”, and together with ABL Secured Party and Roll-Over Secured Party, to the extent that this Agreement has not terminated with respect to each such party pursuant to Section 1 of this Agreement, “Secured Parties”), The Bank of New York Mellon (“Bank”) and Constar, Inc. (“Customer”). Pursuant to agreements between Customer and each Secured Party (“Security Agreements”), the Customer has granted to each Secured Party a security interest in account 078-9574 (the “Account”) and the proceeds of the
