Blocked Accounts Agreement definition

Blocked Accounts Agreement shall have the meaning assigned to it in Schedule D.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2
Blocked Accounts Agreement shall have the meaning provided for in Section 3.4(b) of Article 3 of this Financing Agreement.
Sample 1Sample 2

Examples of Blocked Accounts Agreement in a sentence

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

  • 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.

  • 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.

  • 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.

  • 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.

  • The COA shall be subject to the control of the Agent under the Blocked Accounts Agreement or another blocked account agreement which shall be substantially in the form of the Blocked Accounts Agreement and which shall be delivered to the Agent along with such legal opinions and corporate and other supporting documents in connection therewith as the Agent may require, acting reasonably, both before and after an Event of Default and shall be subject to the Security in favour of the Agent.

  • The Debtor shall irrevocably direct all of its present and future Account Debtors and other Persons obligated to make payments constituting Collateral to make such payments directly to the lockboxes maintained by the Debtor (the “Canadian Lockboxes”) with Royal Bank of Canada (the “Canadian Lockbox Bank”) pursuant to the terms of the Blocked Accounts Agreement dated as of on or about the date hereof, or such other financial institution accepted by the Lender in writing as may be selected by the Debtor.

  • 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.

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

  • Duly executed Blocked Accounts Agreement and, if required by Lender, pledged account agreements in respect of the Disbursement Accounts as contemplated by Schedule C.


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.
Sample 1Sample 2
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 each of:
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
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.
Sample 1

Related to Blocked Accounts Agreement

  • 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”.

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time 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.

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

  • Account Control Agreement means the Account Control Agreement relating to the Accounts, dated as of the Closing Date, among the Borrower, the Servicer, the Administrative Agent and the Account Bank.