Controlled Account Bank definition

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

Controlled Account Bank means each bank with whom Deposit Accounts are maintained in which any funds of any of the Loan Parties are concentrated and with whom a Control Agreement has been, or is required to be, executed in accordance with the terms hereof.

Controlled Account Bank shall have the meaning set forth in Section 6(i) of this Agreement.

Examples of Controlled Account Bank in a sentence

• Concurrently with or prior to the opening of any Deposit Account, Securities Account or Commodity Account by any Loan Party, other than any Excluded Deposit Account, such Loan Party shall deliver to the Administrative Agent a Control Agreement covering such Deposit Account, Securities Account or Commodity Account, duly executed by such Loan Party, the Administrative Agent and the applicable Controlled Account Bank, securities intermediary or financial institution at which such account is maintained.

• The Company shall be responsible for the payment of any placement agent’s fees, financial advisory fees, Controlled Account Bank fees, transfer agent fees, DTC (as defined below) fees or broker’s commissions (other than for Persons engaged by any Buyer) relating to or arising out of the transactions contemplated hereby.

• The Seller will not make or permit any change in the instructions to Obligors regarding payments to be made to the Seller or the Collection Agent or payments to be made to the Controlled Account Bank, unless the Administrative Agent shall have received notice of and agreed to such change, other than a change related solely to instructions to Obligors to pay to a new Controlled Account Bank and subject to a Controlled Account Agreement.

• Each Control Agreement with respect to a Controlled Deposit Account shall require that, during a Dominion Trigger Period, the Controlled Account Bank transfer all cash receipts and other collections by ACH or wire transfer no less frequently than daily (and whether or not there are then any outstanding Obligations) to the concentration account maintained by the Administrative Agent at BMO (the “Concentration Account”).

• Actual emissions from Jordan Lumber are reported in the header of this permit review.

More Definitions of Controlled Account Bank

Controlled Account Bank shall have the meaning set forth in Section 4.8(h).

Controlled Account Bank means the bank or other financial institution holding the Controlled Account.

Controlled Account Bank has the meaning specified therefor in Section 6.12 (j).

Controlled Account Bank means Deutsche Bank Trust Company Americas.

Controlled Account Bank means Xxxxx Fargo Bank, N.A.

Controlled Account Bank has the meaning specified therefor in Section 5.17(a) of the Agreement.

Controlled Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom an Account Control Agreement has been, or is required to be, executed in accordance with the terms hereof.