Blocked Account Agreements definition

Blocked Account Agreements has the meaning set forth in Section 2.22(c).

Blocked Account Agreements means agency agreements with the banks maintaining deposit accounts of any of the Loan Parties where funds from one or more DDAs are concentrated, which agreements shall be in form and substance reasonably satisfactory to the Administrative Agent.

Blocked Account Agreements shall have the meaning set forth in Section 7.1(a).

Examples of Blocked Account Agreements in a sentence

• The balance from time to time standing to the credit of the Blocked Accounts shall be distributed as directed in accordance with the provisions of the Blocked Account Agreements.

• Prior to the initial Investment hereunder, the SPV, Arrow and each other Originator shall enter into Blocked Account Agreements with all of the Blocked Account Banks, and deliver original counterparts thereof to the Administrative Agent.

• The names and addresses of all the Blocked Account Banks, together with the account numbers of the Blocked Accounts at such Blocked Account Banks, are specified in Schedule 4.1(s) (or at such other Blocked Account Banks and/or with such other Blocked Accounts as have been notified to the Administrative Agent and for which Blocked Account Agreements have been executed in accordance with Section 7.3 and delivered to the Master Servicer).

• Prior to the Closing Date the Servicer and SPV shall enter into Blocked Account Agreements with all of the Blocked Account Banks, and deliver original counterparts thereof to the Agent.

• Open new DDAs unless the Loan Parties shall have delivered to the Agent appropriate Blocked Account Agreements.

More Definitions of Blocked Account Agreements

Blocked Account Agreements means the blocked account agreements listed on the Security Schedule.

Blocked Account Agreements shall have the meaning ascribed thereto in subsection 3.5.

Blocked Account Agreements means, collectively, the Amended and Restated Deposit Account Control Agreement executed with respect to the Portfolio General Receivables Account and the Amended and Restated Collection Account Agreement executed with respect to the Third Party Payor Receivables Accounts, in each case executed by Borrower Representative, as agent for Borrowers, Administrative Agent and the bank named therein (the "Blocked Account Bank").

Blocked Account Agreements means, collectively, each of the Blocked Account Agreements in form and substance satisfactory to the Agent, entered into by the Borrowers, as applicable, the Agent and the applicable Lockbox Bank at which the applicable Collection Account is located, together with all amendments, supplements, modifications, substitutions and replacements thereto and thereof.

Blocked Account Agreements shall have the meaning assigned to it in Annex B.

Blocked Account Agreements means agency agreements with respect to an account established by a Borrower, in form and substance satisfactory to the Agent, establishing control (as defined in the UCC) of such account by the Agent and whereby the bank maintaining such account agrees, upon the occurrence and during the continuance of a Cash Dominion Event, to comply only with the instructions originated by the Agent without the further consent of any Borrower.

Blocked Account Agreements shall have the meaning ascribed thereto in SUBSECTION 3.5.