Examples of Commodity Account Control Agreement in a sentence
The Borrower shall execute and deliver to the Lender a Commodity Account Control Agreement for any commodity accounts maintained by the Borrower.
To the extent applicable, the Administrative Agent shall have received each (i) Collateral Access Agreement required to be provided pursuant to Section 4.13 of the Security Agreement and (ii) Deposit Account Control Agreement, Securities Account Control Agreement and Commodity Account Control Agreement required to be provided pursuant to Section 4.14 of the Security Agreement.
Whenever any Grantor establishes any other Deposit Account or Commodity Account, such Grantor shall promptly (and in any event within 20 business days) upon the Party B’s request, cause the relevant Depositary Bank and Commodity Intermediary to enter into a Deposit Account Control Agreement and Commodity Account Control Agreement, as applicable, in form and substance reasonably satisfactory to Party B over such Deposit Account or Commodity Account for the benefit of the Secured Party.
APPROVED: XXXXX BROTHERS XXXXXXXX & CO., as Lender and Agent By:__________________ Name:________________ Title:_________________ Address: 000 Xxxxxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Senior Credit Office ACCEPTED and AGREED as of the date set forth above: [depository bank] By:__________________ Name:________________ Title:_________________ Commodity Account Control Agreement, dated as of _________, 2003 (the "Agreement"), by and among A-Xxxx Precious Metals, Inc.
On the Effective Date (in the case of an Original Grantor) or the date on which it signs and delivers its first Security Agreement Supplement (in the case of any other Grantor), such Grantor will enter into (and cause the relevant Commodity Intermediary to enter into) a Commodity Account Control Agreement in respect of each Commodity Account owned by it and will deliver such Commodity Account Control Agreement to the Administrative Agent (which shall enter into the same).