Blocked Account has the meaning provided in Section 6.13(a)(ii).
Blocked Account shall have the meaning assigned to such term in Section 5.11(a).
Examples of Blocked Account in a sentence
The same applies to other contractual relationships between the Depositary Bank and the Shareholder in respect of the Blocked Account, e.g. the termination of the securities account itself.
Each Loan Party hereby acknowledges and agrees, (i) such Loan Party has no right of withdrawal from a Blocked Account, (ii) the funds on deposit in a Blocked Account shall at all times be collateral security for all of the Secured Obligations and (iii) the funds on deposit in a Blocked Account shall be transferred daily to the Agent’s account for application to the Secured Obligations.
Each Blocked Account shall at all times be under the sole dominion and control of Agent.
More Definitions of Blocked Account
Blocked Account has the meaning set forth in Section 4.1.
Blocked Account has the meaning provided in SECTION 2.18(c).
Blocked Account means a deposit account maintained by the Debtor with a Blocked Account Bank which account is the subject of an effective Blocked Account Letter, and includes all monies on deposit therein and all certificates and instruments, if any, representing or evidencing such Blocked Account;
Blocked Account. Any DDA into which the contents of any other DDA is transferred.
Blocked Account has the meaning set forth in Section 2.10(c) hereof.
Blocked Account shall have the meaning set forth in Section 3.01(b) hereof.
Blocked Account means any deposit account in which any funds of any of the Loan Parties from one or more DDAs (other than any Excluded DDA) are concentrated and with respect to which a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.