Control Account Agreement definition

Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance reasonably satisfactory to the Administrative Agent.
Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.
Control Account Agreement means a letter agreement, substantially in the form of Annex 2 (Form of Control Account Agreement) (with such changes as may be agreed to by the Administrative Agent), executed by the relevant Grantor, the Administrative Agent and the relevant Approved Securities Intermediary.

Examples of Control Account Agreement in a sentence

  • Upon the occurrence of the Control Termination Events, the Agent shall, within two (2) Business Days of the occurrence thereof, provide to the Account Bank a notice of termination of the Control Account Agreement, pursuant to the Control Account Agreement.

  • The Company and the Agent hereby agree that the Company shall deposit $300,000 into the Blocked Account upon the execution of the Control Account Agreement.


More Definitions of Control Account Agreement

Control Account Agreement has the meaning specified in the Pledge and Security Agreement.
Control Account Agreement means a letter agreement in a form acceptable to the Collateral Agent, executed by the Debtor, the Collateral Agent and the relevant approved Securities Intermediary;
Control Account Agreement means the account agreement attached hereto as Exhibit A.
Control Account Agreement means any agreement executed by a depository bank and the Administrative Agent, for the benefit of the Lender Group, and acknowledged and agreed to by the applicable Credit Party, in form acceptable to the Administrative Agent in its reasonable discretion.
Control Account Agreement means that certain Control Account Agreement, dated as of the date hereof, among Buyer, the Sellers, the Servicer and Bank, as amended.
Control Account Agreement has the meaning specified in the Bank Security Agreement.
Control Account Agreement has the meaning specified in the Canadian Security Agreement (or, if such defined term is used with respect to or otherwise applicable to a U.S. Loan Party, specified in the U.S. Pledge and Security Agreement).