Examples of Blocked Accounts in a sentence

Pay to Agent on demand all usual and customary fees and expenses which Agent incurs in connection with (a) the forwarding of Advance proceeds and (b) the establishment and maintenance of any Blocked Accounts or Depository Accounts as provided for in Section 4.15(h).
All funds deposited in such Blocked Accounts shall immediately become the property of Agent and Borrowing Agent shall obtain the agreement by such Blocked Account Bank to waive any offset rights against the funds so deposited.
Borrower agrees to reimburse Lender on demand for any amounts owed or paid to any bank at which a Blocked Account is established or any other bank or person involved in the transfer of funds to or from the Blocked Accounts arising out of Lender's payments to or indemnification of such bank or person.
Borrower agrees that all payments made to such Blocked Accounts or other funds received and collected by Lender, whether on the Accounts or as proceeds of Inventory or other Collateral or otherwise shall be the property of Lender.
Alternatively, Agent may establish depository accounts ("Depository Accounts") in the name of Agent at a bank or banks for the deposit of such funds and Borrowers shall deposit all proceeds of Collateral or cause same to be deposited, in kind, in such Depository Accounts of Agent in lieu of depositing same to the Blocked Accounts.

More Definitions of Blocked Accounts

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 as defined in subsection 4.16(c).