Controlled Account Bank definition

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

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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

By its signature below, ▇▇▇▇▇ Fargo, in its capacities as Custodian, Controlled Account Bank and Backup Servicer, hereby consents to, ratifies and confirms this Amendment and the Amended Fee Letter.
No Agent shall replace, or consent to replacement of, the Servicer with any Person other than the Backup Servicer and there shall be no termination and replacement of Custodian, Backup Servicer or Controlled Account Bank, in each case, without the consent of the Requisite Lenders.
This Amendment shall be binding upon and inure to the benefit of (i) the Borrower, CPS, each Lender, the Class A Agent, the Collateral Agent, the Administrative Agent, the Backup Servicer and their respective successors and permitted assigns, and (ii) solely with respect to Section 5 (Consents) above, the Custodian, Controlled Account Bank and Backup Servicer.
This Amendment shall be binding upon and inure to the benefit of (i) the Borrower, CPS, each Lender, the Class A Agent, the Collateral Agent, the Administrative Agent and their respective successors and permitted assigns, and (ii) solely with respect to Section 4 (Consents) above, the Custodian, Controlled Account Bank and Backup Servicer.
Upon receipt of notice of the occurrence of a Servicer Termination Event, the Administrative Agent shall give notice thereof to each Lender, the Class A Agent, the Collateral Agent, the Backup Servicer and the Controlled Account Bank.

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 ▇▇▇▇▇ Fargo Bank, N.A.

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

Controlled Account Bank means ▇▇▇▇▇ Fargo Bank, National Association, in its capacity as account bank under the Controlled Account Control Agreement, and its successors and assigns.