Blocked Accounts definition

Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

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Blocked Accounts shall have the meaning set forth in Section 4.15(h).

Blocked Accounts has the meaning ascribed to it in Annex C.

Examples of Blocked Accounts in a sentence

Agent shall apply all funds received by it from the Blocked Accounts and/or Depository Accounts to the satisfaction of the Obligations (including the cash collateralization of the Letters of Credit) in such order as Agent shall determine in its sole discretion, provided that, in the absence of any Event of Default, Agent shall apply all such funds representing collection of Receivables first to the prepayment of the principal amount of the Swing Loans, if any, and then to the Revolving Advances.
All funds deposited in such Blocked Accounts or Depository Accounts shall immediately become subject to the security interest of Agent for its own benefit and the ratable benefit of Issuer, Lenders and all other holders of the Obligations, and Borrowing Agent shall obtain the agreement by such Blocked Account Bank to waive any offset rights against the funds so deposited.

Blocked Accounts has the meaning assigned to such term in Section 5.15(a).

Blocked Accounts has the meaning assigned to such term in Section 2.21(a).

Blocked Accounts shall have the meaning set forth in Section 2.21(c).

Blocked Accounts shall have the meaning provided in Section 9.15(a).

Blocked Accounts have the respective meanings specified in Section 2.7.

Blocked Accounts means each deposit account of the Borrowers which is the subject of a Blocked Account Agreement.

Blocked Accounts as defined in subsection 4.16(c).