Controlled Deposit Accounts definition

Controlled Deposit Accounts means Deposit Accounts that are subject to the “control” of the Collateral Agent.
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Controlled Deposit Accounts has the meaning specified in Section 6.11.
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Controlled Deposit Accounts means each Deposit Account that is not an Excluded Deposit Account.
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Examples of Controlled Deposit Accounts in a sentence

  • To the extent required pursuant to Section 5.01 of this Agreement, all of the deposit accounts of each Grantor are, and all cash and money of each Grantor is held in, Controlled Deposit Accounts.

  • Agent agrees not to issue an Activation Instruction with respect to the Controlled Deposit Accounts except during a Cash Dominion Trigger Period.

  • The Grantors shall cause all deposit accounts to be Controlled Deposit Accounts.

  • The Administrative Agent shall have (as applicable) springing control with respect to the Controlled Deposit Accounts pursuant to the Control Arrangements governing such accounts.

  • Except as permitted pursuant to Section 5.1(a) of this Agreement, all of the Deposit Accounts of each Grantor are, and all cash and Money of each Grantor is held in, Controlled Deposit Accounts.


More Definitions of Controlled Deposit Accounts

Controlled Deposit Accounts shall have the meaning assigned to the term in Section 2.5.
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Controlled Deposit Accounts means the following bank account of a Credit Party subject to a deposit account control agreement as required by the Lender: US Bank, 000 Xxxxxx Xxxxxx, Grand Forks, ND 58201 – Account #163070886912.
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Controlled Deposit Accounts has the meaning specified in the Preliminary Statements.
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Controlled Deposit Accounts. Each Lien Grantor represents, warrants and covenants as follows:”
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Controlled Deposit Accounts means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).
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Controlled Deposit Accounts means each Commercial Deposit Account, Operating Account, and if applicable, the master collections account established by a Borrower in accordance with Section 2.5(b).
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Controlled Deposit Accounts means the following bank account of a Credit Party subject to a deposit account control agreement as required by the Lender: US Bank, 600 Demers Avenue, Grand Forks, ND 58201 – Account #163070886912.
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