Controlled Account Agreements definition

Controlled Account Agreements means those certain cash management agreements, in form and substance reasonably satisfactory to Agent, each of which is executed and delivered by a Grantor, Agent, and one of the Controlled Account Banks.
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Controlled Account Agreements shall have the meaning assigned to such term in the Notes.
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Controlled Account Agreements has the meaning specified therefor in the Guaranty and Security Agreement.
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Examples of Controlled Account Agreements in a sentence

  • Buyer shall have sole dominion and control (including, without limitation, “control” within the meaning of Section 9-104(a)(2) of the UCC) over the Waterfall Account, and Buyer shall have “control” within the meaning of Section 9-104(a)(2) of the UCC over the Servicer Account, in each case pursuant to the terms of separate Controlled Account Agreements.

  • So long as any deposit accounts, disbursement accounts, investment accounts and lockbox accounts of the Loan Parties that are subject to Controlled Account Agreements as of the Closing Date remain open (each such deposit account, disbursement account, investment account and lockbox account, a “Controlled Account”, and each such Controlled Account Agreement, an “Existing Controlled Account Agreement”), the Loan Parties shall keep such Existing Controlled Account Agreements in place.

  • With respect to the protective security interest granted by Seller in Section 11.01, upon the delivery of the Confirmations and the Purchased Asset Documents to Custodian, the execution and delivery of the Controlled Account Agreements and the filing of the UCC financing statements as provided herein, such security interest shall be a valid first priority perfected security interest to the extent such security interest can be perfected by possession, filing or control under the UCC.

  • Seller shall maintain the Custodial Agreement and Controlled Account Agreements in full force and effect.

  • Each Grantor shall establish and maintain Controlled Account Agreements with Agent and the applicable Controlled Account Bank, in form and substance reasonably acceptable to Agent.

  • The Borrowers shall cause each of the Controlled Account Agreements governing any Collateral Accounts to be amended to provide for springing dominion by the Agent over all assets deposited therein in accordance with the provisions of the Credit Agreement as amended hereby, each such amendment to be in form and substance reasonably acceptable to the Agent.

  • The Agent may release to the Borrower or any of its Domestic Subsidiaries (and its Foreign Subsidiaries, if required to maintain Controlled Account Agreements in respect of its Deposit Accounts by Section 5(g)(ii)) such portions of such reserves and proceeds as the Agent may determine.

  • Should any Lender or the Issuing Bank obtain possession of any such Collateral, subject to the limitations set forth in the Controlled Account Agreements, promptly upon the Administrative Agent’s request therefor shall deliver such Collateral to the Administrative Agent or in accordance with the Administrative Agent’s instructions.

  • The Collateral Agent acknowledges and reaffirms is obligations pursuant to Section 11(e) of the Security Agreement (as defined in the April SPA) upon the Payment in Full (as defined in the Security Agreement) of the Obligations (as defined in the Security Agreement), including, without limitation, the release of liens in connection therewith and the termination of the Controlled Account Agreements).

  • The Agent shall have received the Facility Documents (including this Agreement, the Notes, the Security and Pledge Agreement, the Trademark Security Agreement and Controlled Account Agreements for each account (other than the Initial Accounts as defined in the Security and Pledge Agreement) listed on Schedule III to the Security and Pledge Agreement under the heading "Deposit Accounts"), duly executed by each of the parties thereto, and in full force and effect.


More Definitions of Controlled Account Agreements

Controlled Account Agreements those certain cash management agreements, in form and substance reasonably satisfactory to the Collateral Agent, among a Grantor, Agent and Controlled Account Bank.
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Controlled Account Agreements means those certain deposit and securities account control agreements executed and delivered pursuant to the Pledge and Security Agreement.
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Controlled Account Agreements means those certain cash management agreements, in form and substance satisfactory to Agent in its Permitted Discretion, each of which is executed and delivered by a Grantor, Agent, and one of the Controlled Account Banks. (xvi) "Controlled Account Bank" has the meaning specified therefor in Section 7(k) hereof. (xvii) "Copyrights" means any and all rights in any works of authorship, including (A) copyrights and moral rights, (B) copyright registrations and recordings thereof and all applications in connection therewith including those listed on Schedule 2, (C) income, license fees, royalties, damages, and payments now and hereafter due or payable under and with respect thereto, including payments under all licenses entered into in connection therewith and damages and payments for past, present, or future infringements thereof, (D) the right to xxx for past, present, and future infringements thereof, and (E) all of each Grantor's rights corresponding thereto throughout the world. (xviii) "Copyright Security Agreement" means each Copyright Security Agreement executed and delivered by Grantors, or any of them, and Agent, in substantially the form of Exhibit A. (xix) "Credit Agreement" has the meaning specified therefor in the recitals to this Agreement. (xx) "Excluded Accounts" means (A) Deposit Accounts and Securities Accounts (x) with an amount on deposit in any individual Deposit Account or Securities Account of not more than $50,000 at any one time and (y) with an aggregate amount on deposit for all such Deposit Accounts and Securities Accounts taken together of not more than $250,000 at any one time, (B) Deposit Accounts specially and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for any Grantor's employees; provided, that the amount on deposit in the Deposit Accounts of this clause (B) does not exceed the current amount of such payroll, payroll taxes and other employee wage and benefit obligations, (C) Deposit Accounts specially and exclusively used for taxes, including sales taxes; provided, that the amount on deposit in the Deposit Accounts of this clause (C) does not exceed the current amount of such tax obligations, (D) the Excluded L/C Account; provided that the aggregate amount of cash collateral
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Controlled Account Agreements means those certain cash management agreements, in form and substance reasonably satisfactory to the Collateral Agent (it being understood that, before the Discharge of First Lien Obligations, any form and substance deemed reasonably acceptable by the First Lien Collateral Agent shall be deemed reasonably acceptable to the Collateral Agent), each of which is among the Borrower or one of the Guarantors, the Collateral Agent, and one of the Controlled Account Banks.
Sample 1
Controlled Account Agreements means those certain cash management agreements, in form and substance reasonably satisfactory to the Secured Party, each of which is among the Borrower, the Secured Party, and one of the Controlled Account Banks.
Sample 1
Controlled Account Agreements means each 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 deposit account, bank account or investment account, granting "control" over such deposit accounts and investment accounts to the Administrative Agent in a manner that perfects the Lien of the Administrative Agent under the UCC.
Sample 1

Related to Controlled Account Agreements

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Account Agreements means any lockbox account agreement, pledged account agreement, blocked account agreement, securities account control agreement, or any similar deposit or securities account agreements among the Notes Agent and/or the ABL Agent, one or more Grantors and the relevant financial institution depository or securities intermediary.

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Account Agreement means the agreements for the operation of the Account.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • 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.

  • Controlled Accounts means the Collection Account and the Unfunded Exposure Account.

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Cash Management Account Bank and Lender providing for the exclusive control of the Cash Management Account and all other Subaccounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

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

  • Deposit Account Control Agreement means each deposit account control agreement among a Borrower, the Administrative Agent and the Account Bank, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time.

  • Controlled Account means each deposit account and securities account that is subject to a Qualifying Control Agreement.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Account Control Agreement(s) means any agreement entered into by and among the Agent, Borrower and a third party bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which perfects Agent’s first priority security interest in the subject account or accounts.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Account Control Agreement means the Account Control Agreement among the Borrower, as debtor, the Collateral Agent, as secured party, and State Street Bank and Trust Company, as depository bank and Securities Intermediary, dated on or about the date hereof.

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

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.