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).
Blocked Account has the meaning set forth in Section 4.1.
Examples of Blocked Account in a sentence
Open new DDAs or Blocked Accounts unless the Loan Parties shall promptly thereafter have delivered to the Administrative Agent or the Canadian Agent, as applicable, appropriate Blocked Account Agreements consistent with the provisions of Section 6.12.
In the event that Seller changes its Buyer-approved Processor without Buyer’s written consent, Seller shall, in addition to paying any other damages suffered by Buyer, pay to Buyer the Blocked Account Fee set forth in the Fee Structure Addendum as liquidated damages, as it will be impracticable or extremely difficult to determine the resulting damages suffered by Buyer.
More Definitions of Blocked Account
Blocked Account has the meaning provided in SECTION 2.18(c).
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.
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 means each DDA subject to a Blocked Account Agreement.