Account Control Bank definition

Account Control Bank has the meaning set forth in Section 2.7(a).
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Account Control Bank means Bank of America, N.A.
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Account Control Bank is defined in Section 2.6(b).
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Examples of Account Control Bank in a sentence

  • Lender agrees that it will not provide any notification to an Account Control Bank under an Account Control Agreement directing it to transfer, redeem or permit the withdrawal of any property in the AC Account except upon the occurrence and continuance of an Event of Default.

  • In accordance with Section 2.8, the Loan Account will be credited with all payments received by Lender from Borrower or for Borrower's account, including all amounts received in the Lender's Account from any Account Control Bank.

  • Following the final resolution of the Marriott Parking Dispute and the receipt by Administrative Agent of the documentation described in the preceding sentence, any amounts then on deposit in the Marriott Parking Dispute Reserve Account shall be transferred by the Account Control Bank into the Predevelopment Expenses Reserve Account.

  • Within two (2) Business Days after the later to occur of Lender’s receipt of a Payment Certificate and the deposit in the Borrower Account of the amounts identified therein, Lender shall instruct Account Control Bank (by any means permitted under the Account Control Agreement, including, without limitation, Automated Clearing House transfers) to transfer to Lender all amounts deposited in the Borrower Account.

  • Prior to the time of opening any replacement AC Account in accordance with the preceding sentence, (i) the prospective replacement Account Control Bank must be satisfactory to Lender and Lender shall have consented in writing in advance to the opening of such AC Account (such consent not to be unreasonably withheld) and (ii) Borrower, Lender and such prospective replacement Account Control Bank shall have executed an Account Control Agreement satisfactory in form and substance to Lender.

  • The Account Control Agreement is an account control agreement, as defined under the Security Trust Deed, entered into on 13 January 2010 among the Borrower, the Facility Agent, Security Agent and Account Control Bank (AM) in connection with the relevant accounts set up by the Pledgor with the Account Control Bank.

  • We all have the same goals.Each of us at Children of the World, Inc.

  • Upon meeting the above conditions, the Account Control Bank should, in accordance with the payment instruction of the Transfer Request, directly transfer the amount from the Onshore Control Account to the Onshore Cash Collateral Account.

  • Provided that no Event of Default or Potential Event of Default has occurred, on each Business Day on which available funds are on deposit in the School Cost Control Account, Control Bank shall transfer all such available funds to Borrower’s Operating Account.

  • To: [Name of Account Control Bank] cc: [Deutsche Bank AG, Hong Kong Branch] as the Facility Agent [DB Trustees (Hong Kong) Limited] as the Security Agent Date: Dear sirs: This letter refers to the Account Control Agreement dated [ ][ ][ ](DD/MM/YY) (including its amendments or additions from time to time) (collectively referred to as the Account Control Agreement) among Tianjin New Highland Science Development Co., Ltd.


More Definitions of Account Control Bank

Account Control Bank means the bank or agent under the Account Control Agreement holding the FF&E reserve account and the operating account required to be maintained by Operating Tenant pursuant to the Hotel Management Agreement, and any successor thereto.
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Related to Account Control Bank

  • Account Control Agreement means the Account Control Agreement among the Borrower, as debtor, the Collateral Agent, as secured party, and State Street Bank and Trust Company, as depository bank and Securities Intermediary, dated on or about the date hereof.

  • Deposit Account Control Agreement means each deposit account control agreement among a Borrower, the Administrative Agent and the Account Bank, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time.

  • Account Control Agreement(s) means any agreement entered into by and among the Agent, Borrower and a third party bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which perfects Agent’s first priority security interest in the subject account or accounts.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Cash Management Account Bank and Lender providing for the exclusive control of the Cash Management Account and all other Subaccounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Commodity Account Control Agreement means a control agreement in a form that is reasonably satisfactory to the Collateral Agent establishing the Collateral Agent’s Control with respect to any Commodity Account.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Control Agreement is any control agreement entered into among the depository institution at which Borrower maintains a Deposit Account or the securities intermediary or commodity intermediary at which Borrower maintains a Securities Account or a Commodity Account, Borrower, and Bank pursuant to which Bank obtains control (within the meaning of the Code) over such Deposit Account, Securities Account, or Commodity Account.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Account Agreement means the agreements for the operation of the Account.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Control Account means a Securities Account or Commodities Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodities Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Equity Account Administrator means the brokerage firm utilized by the Company from time to time to create and administer accounts for participants in the Company’s equity plans and programs, including the Plan.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.