Control Account definition
Control Account means a Securities Account or Commodity Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.
Control Account has the meaning assigned to such term in Section 5.08(c)(ii).
Control Account includes all Financial Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.
Examples of Control Account in a sentence
The Borrower shall cause all amounts received pursuant to Section 9 of the Management Agreement to be promptly deposited into a Control Account.
The Borrower agrees that it will, or will cause its relevant Subsidiaries to, complete (i) the requirements provided for Company Accounts and Control Account Collections set forth in Section 6.13(d) and (ii) each of the actions described on Schedule 6.18 by no later than the date set forth therein (or such later date as the Administrative Agent (acting at the direction of the Requisite Lenders) or the Requisite Lenders may reasonably agree).
Immediately after giving effect to the Closing Date, at least 85% of Collections will be Control Account Collections.
More Definitions of Control Account
Control Account means any of the accounts established pursuant to a Control Agreement.
Control Account means any securities account, whether or not with a broker or dealer, over which an Access Person has any control or influence over security transaction decisions or in which the Access Person has any beneficial interest (i.e., derives any benefit). Such accounts include securities accounts of (i) any Access Person, (ii) his or her spouse or domestic partner, (iii) any family member of the Access Person living in the same household as the Access Person, and (iv) any trust, partnership or other entity which the Access Person, spouse or domestic partner, or a family member living in the same household influences security transaction decisions or has any beneficial interest. Control Accounts do not include an account over which the Access Person has no direct or indirect control or influence.
Control Account means an account established by Company and held at the Control Institution in accordance with the terms of the Control Account Agreement.
Control Account has the meaning specified in Section 6.20(a).
Control Account has the meaning specified in the Pledge and Security Agreement.
Control Account means a Deposit Account that is subject to a Deposit Account Control Agreement.
Control Account means each deposit account, securities account, or commodities account now or hereafter owned by the Borrowers, other than an Excluded Account.