Borrower Control Agreement definition

Borrower Control Agreement means each Control Agreement among a Borrower, the Administrative Agent and the applicable Account Bank, as the same may be amended, supplemented or modified from time to time.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3

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 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.
Sample 1Sample 2
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.
Sample 1Sample 2
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.
Sample 1
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.
Sample 1
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.
Sample 1
Borrower Control Agreement shall have the meaning set forth in Section 9.1(a)(ii) hereof.
Sample 1

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 reasonably satisfactory to the Administrative Agent, among any Loan Party, a banking institution holding such Loan Party’s funds, and the Administrative Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by such Loan Party with such banking institution.

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

  • 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.

  • Blocked Account Agreement means with respect to a deposit account established by a Loan Party, an agreement, in form and substance reasonably satisfactory to the Collateral Agent, establishing control (as defined in the UCC) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, upon the occurrence and during the continuance of a Dominion Trigger Event, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.