Controlled Account Banks definition

Controlled Account Banks means the banks or other depository institutions with whom the Borrowers have entered into Account Control Agreements.
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Controlled Account Banks. “Trademarks”, Schedule 7, “Owned Real Property,” Schedule 8, “List of Uniform Commercial Code Filing Jurisdictions”, and Schedule 9 “Motor Vehicles” attached hereto supplement Schedule 1, Schedule 2, Schedule 3, Schedule 4, Schedule 5, Schedule 6, Schedule 6(l), Schedule 7, Schedule 8, and Schedule 9 respectively, to the Security Agreement and shall be deemed a part thereof for all purposes of the Security Agreement. Each reference to a “Grantor” in the Security Agreement shall be deemed to include each New Grantor. The Security Agreement is incorporated herein by reference.
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Examples of Controlled Account Banks in a sentence

  • The Borrower Agent shall cause bank statements and/or other reports from the Controlled Account Banks to be delivered to the Administrative Agent not less often than monthly, accurately setting forth all amounts deposited in each Controlled Deposit Account to ensure the proper transfer of funds as set forth above.

  • Upon request of the Administrative Agent, the Borrower Agent shall cause bank statements and/or other reports from the Controlled Account Banks to be delivered to the Administrative Agent not less often than monthly, accurately setting forth all amounts deposited in each Controlled Deposit Account to ensure the proper transfer of funds as set forth above.

  • At the request of the Administrative Agent, the Borrower Agent shall cause bank statements and/or other reports from the Controlled Account Banks to be delivered to the Administrative Agent not less often than monthly, accurately setting forth all amounts deposited in each Controlled Deposit Account to ensure the proper transfer of funds as set forth above.

  • The Borrower Agent shall request the Controlled Account Banks to deliver bank statements and/or other reports to the Administrative Agent not less often than monthly, setting forth all amounts deposited in each Controlled Deposit Account to ensure the proper transfer of funds as set forth above.

  • Each Grantor shall deposit or cause to be deposited promptly, but in any event within three (3) Business Days after receipt thereof by such Grantor, all of its collections (including those sent directly by its Account Debtors to such Grantor) into a bank account of such Grantor at one of the Controlled Account Banks (each bank account at a Controlled Account Bank, a “Controlled Account”).

  • On or prior to the Effective Date, the Borrowers shall enter into an Account Control Agreement with the Controlled Account Banks for the Concentration Accounts and the Investment Accounts, in each case in form and substance reasonably satisfactory to the Administrative Agent.

  • Parent shall deposit or cause to be deposited promptly, but in any event within seven (7) Business Days after receipt thereof by Parent, all of its collections (including those sent directly by its Account Debtors to Parent) into a bank account of Parent at one of the Controlled Account Banks (each bank account at a Controlled Account Bank, a “Controlled Account”).

  • The Company shall establish and maintain cash management services of a type and on terms reasonably satisfactory to Holder at each bank listed on Schedule 15(q)(i) attached hereto (each a “Controlled Account Bank”) and cause all cash and cash equivalents of the Company or any of its Subsidiaries to be held in Accounts (as defined in the Security Agreement) at one or more Controlled Account Banks in accordance therewith.

  • At the request of the Administrative Agent, the Borrower Agent shall cause bank statements and/or other reports from the Controlled Account Banks setting forth all amounts deposited in each Deposit Account to be delivered to the Administrative Agent not less often than monthly.

  • The Loan Parties shall (a) maintain its primary depository and treasury management relationships at all times during the term of the Agreement with W▇▇▇▇ Fargo or one or more of its Affiliates and (b) deposit or cause to be deposited promptly all of their Collections in a Controlled Account (as defined in the Guaranty and Security Agreement) at one of the Controlled Account Banks (as defined in the Guaranty and Security Agreement) as required pursuant to the terms of the Guaranty and Security Agreement.