Borrower Control Agreement definition

Borrower Control Agreement means, with respect to a Fund Group, each Control Agreement among the applicable Borrower, the Administrative Agent and the applicable Account Bank, as the same may be amended, restated, amended and restated, supplemented or modified from time to time.
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Borrower Control Agreement means an account control agreement relating to the Borrower’s bank accounts to be entered into among the Lender, the Borrower and the Borrower’s bank or financial institution.
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Borrower Control Agreement means each deposit or securities account control agreement among (a) the Initial Borrower, (b) the Administrative Agent on behalf of the Secured Parties and (c) the depository bank or securities intermediary, each as the same may be amended, supplemented or modified from time to time, and for the avoidance of doubt the term “Borrower Control Agreement” shall not include any deposit or securities account control agreement a Borrower or any of its Subsidiaries may from time to time enter into with a swap counterparty and a depositary bank or securities intermediary for the purpose of holding collateral (together with, if applicable, interest and distributions thereon) in connection with any Swap Agreement. “Borrower Control Agreements” means, where the context requires, all such borrower control agreements, collectively.
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Examples of Borrower Control Agreement in a sentence

  • As soon as possible (and in any event within 30 days) after the date hereof, the Borrower and each of the other Credit Parties shall ensure that the Borrower Control Agreement duly executed by the Borrower and BMO Bank of Montreal is delivered to the Lender in form and substance satisfactory to the Lender.

  • Promptly notify the Lender of any change in bank location or accounts, and shall, subject to Section 8.1(bb), at all times ensure that each of its respective bank accounts remains subject to the Borrower Control Agreement.


More Definitions of Borrower Control Agreement

Borrower Control Agreement means the Collateral Account Control Agreement dated the date hereof, among the Borrower, the Administrative Agent and The Bank of New York Mellon relating to the Surplus Account.
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Borrower Control Agreement means a deposit account control agreement among Borrower, Collateral Agent and Bank of America, as deposit bank, reasonably acceptable to the parties thereto, substantially in the form of Bank of America’s standard form of deposit account control agreement, pursuant to which Borrower shall grant control (within the meaning of Section 9-104 of the UCC of the State of New York) of the Borrower Cash Collateral Account to the Collateral Agent.
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Borrower Control Agreement means that certain Control Agreement, dated as of the date hereof, among the Borrower, the Collateral Agent and Custodian, in the form of Exhibit C-1.
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Borrower Control Agreement means the account control agreement relating to the Borrower’s bank accounts to be entered into between the Lender, the Borrower and BMO Bank of Montreal.
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Borrower Control Agreement shall have the meaning set forth in Section 9.1(a)(ii) hereof.
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Borrower Control Agreement shall have the meaning set forth in Section 9.1(a)(ii) hereof.
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Related to Borrower Control Agreement

  • 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.

  • 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 Agreements means, collectively, the Deposit Account Control Agreement, the Securities Account Control Agreement and the Commodity Account Control Agreement.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • 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.

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

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.