Blocked Accounts Agreement definition

Blocked Accounts Agreement shall have the meaning assigned to it in Schedule D.
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Blocked Accounts Agreement means that certain Subordinate Lender's Blocked Accounts Agreement of even date herewith among Lock Box Bank, Senior Lender, Prime and JTD.
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Blocked Accounts Agreement shall have the meaning provided for in Section 3.4(b) of Article 3 of this Financing Agreement.
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Examples of Blocked Accounts Agreement in a sentence

  • Xxxx executed Blocked Accounts Agreement as contemplated by Schedule D.

  • The foregoing shall not be construed to limit the personal liability of Prime under the Recourse Indemnity Agreement, the Environmental Indemnification Agreement, the Blocked Accounts Agreement and any other document now or hereafter delivered by Prime which does not expressly exculpate Prime from such liability.

  • Without limiting Section 6.07, the Servicer hereby agrees that it will reimburse the Agent on demand for any payments or obligations that the Agent may incur pursuant to any indemnity provided by the Agent under any Deposit Account Agreement, including, without limitation, the Blocked Accounts Agreement dated October 27, 2005 among ACI, ACSC, the Agent, Royal Bank of Canada and the Seller, as such Deposit Account Agreements may be amended, restated, supplemented or otherwise modified from time to time.

  • Terms with initial capital letters in this notice and not otherwise defined herein shall have the meanings given to them in the Blocked Accounts Agreement.

  • Simultaneously with the execution and delivery hereof, (a) Prime, Senior Lender, and Lock Box Bank have entered into the Blocked Accounts Agreement and (b) Prime has made the initial deposits of funds pursuant thereto.

  • Borrower hereby agrees such Lock Boxes, Blocked Accounts and Disbursement Accounts shall become the Lock Boxes, Blocked Accounts and Disbursement Accounts, respectively of the Borrower pursuant to the terms of the Lock Box and Blocked Accounts Agreement made as of January 7, 1998 between Agent, Borrower, McDonald and Royal Bank of Canada.

  • The Project Revenue Account shall at all times be subject to the Blocked Accounts Agreement and, prior to the Initial Funding Date, subject to control of the Borrower (subject to the terms of this Agreement and the Blocked Accounts Agreement), except upon the occurrence, and during the continuance, of a Default or an Event of Default when the Project Revenue Account shall be subject to the control of the Agent.

  • Xxxx Title: Assistant Secretary (a) Business Chequing Account #0000000 (a) Business Chequing Account #0000000 (b) Business Chequing Account #0000000 (a) DDA #2000018590584 To: THE TORONTO-DOMINION BANK (“Bank”) Re: Blocked Accounts Agreement dated l, 20l among Lakeland Protective Wear Inc., as Company, Wachovia Bank, National Association, as Secured Party, and The Toronto-Dominion Bank (as amended, restated, supplemented or otherwise modified from time to time, the “Blocked Accounts Agreement”).

  • Duly executed Blocked Accounts Agreement as contemplated by Schedule D.

  • The Secured Party hereby notifies Bank that January 27 , 2009, shall be the Activation Date (which date shall be not later than the third (3rd) Business Day following receipt by Bank of this notice) such that, pursuant to Section 4 of the Blocked Accounts Agreement, on the Activation Date and on each Business Day thereafter, Bank shall transfer, prior to the end of each such Business Day, all funds on deposit in Blocked Accounts as provided for in the Blocked Accounts Agreement.


More Definitions of Blocked Accounts Agreement

Blocked Accounts Agreement means a blocked account agreement or deposit account control agreement, as applicable, dated as of the date hereof among the applicable Obligor, the applicable financial institution and the Collateral Agent in respect of each Collateral Account in each case, as the same may be amended, supplemented, modified, varied, restated or replaced from time to time.
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Blocked Accounts Agreement means the blocked accounts agreement dated the closing date between Toronto- Dominion Bank (or such other financial institution mutually acceptable to the Agent and the Borrower), the Borrower, the General Partner, the Parent Guarantor and the Agent.
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Blocked Accounts Agreement means each of:
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Blocked Accounts Agreement means each blocked accounts agreement to be executed by each Loan Party in favour of Agent, for the benefit of Agent and Lenders, in form and substance satisfactory to Agent, including all restatements, amendments, modifications and supplements thereto, in form and substance satisfactory to Agent, and shall refer to each Blocked Accounts Agreement as the same may be in effect at the time such reference becomes operative.
Sample 1
Blocked Accounts Agreement means the Blocked Accounts Agreement executed by the Borrowers in favor of the Lenders in the form attached to this Agreement as Exhibit K.
Sample 1

Related to Blocked Accounts Agreement

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

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

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Cash Management Account Bank and Lender providing for the exclusive control of the Cash Management Account and all other Subaccounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Account Agreement means the agreements for the operation of the Account.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Account Agreements means any lockbox account agreement, pledged account agreement, blocked account agreement, securities account control agreement, or any similar deposit or securities account agreements among the Notes Agent and/or the ABL Agent, one or more Grantors and the relevant financial institution depository or securities intermediary.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.

  • Blocked Account has the meaning provided in Section 6.13(a)(ii).

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

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Deposit Account Control Agreement means each deposit account control agreement among a Borrower, the Administrative Agent and the Account Bank, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

  • Control Agreement is any control agreement entered into among the depository institution at which Borrower maintains a Deposit Account or the securities intermediary or commodity intermediary at which Borrower maintains a Securities Account or a Commodity Account, Borrower, and Bank pursuant to which Bank obtains control (within the meaning of the Code) over such Deposit Account, Securities Account, or Commodity Account.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Account Control Agreement means the Account Control Agreement among the Borrower, as debtor, the Collateral Agent, as secured party, and State Street Bank and Trust Company, as depository bank and Securities Intermediary, dated on or about the date hereof.

  • Lock-Box Agreement With respect to any Mortgage Loan or Serviced Loan Combination, the lock-box or other similar agreement, if any, between the related originator(s) and the Mortgagor, pursuant to which the related Lock-Box Account, if any, may have been established.

  • Account Control Agreement(s) means any agreement entered into by and among the Agent, Borrower and a third party bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which perfects Agent’s first priority security interest in the subject account or accounts.

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.