DACA Agreement definition

DACA Agreement means, with respect to any Account established by the Borrower, an agreement in form and substance satisfactory to the Collateral Agent establishing “control” (as defined in the UCC) of such Account by the Collateral Agent and whereby the bank maintaining such account agrees, upon the occurrence and during the continuance of an Event of Default, to comply only with the instructions originated by the Collateral Agent, without the further consent of any Loan Party or any Subsidiary thereof all as set forth in such DACA Agreement, as the same may be amended, restated, amended and restated, replaced, supplemented or otherwise modified from time to time.
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DACA Agreement means the deposit account control agreement entered into prior to the date hereof, by and among the Company, Professional Bank and the Purchaser pursuant to which the Purchasers shall deposit Subscription Amounts to be applied to the transactions contemplated hereunder.
Sample 1

Examples of DACA Agreement in a sentence

  • The Reserve Account shall have been established and be subject to an effective DACA Agreement in form and substance reasonably satisfactory to both Agents; provided that, with respect to an Advance made after the Closing Date, any amounts required to be deposited in the Reserve Account pursuant to the Loan Documents shall be so deposited from the proceeds of such Advance.

  • The Reserve Account shall have been established and be subject to an effective DACA Agreement in form and substance reasonably satisfactory to both Agents; provided that, with respect to the Advance made on the Initial Funding Date, the amounts required to be deposited in the Reserve Account pursuant to the Loan Documents shall be so deposited from the proceeds of the Advance made on the Initial Funding Date.

  • The Reserve Account shall have been established and be subject to an effective DACA Agreement in form and substance reasonably satisfactory to both Agents; provided that, with respect to the Advance made on the Initial Funding Date, the amounts required to be deposited in the Reserve Account pursuant to the Loan Documents shall be so deposited from the proceeds of the Advance made on the Initial Funding Date.(e) Litigation.

  • Each applicable Loan Party shall use commercially reasonable efforts to enter into a DACA Agreement with respect to each such operating Account of each applicable Loan Party by and among such depository institution, the applicable Loan Party and the Collateral Agent (A) if such Account contains funds exceeding One Million and 00/100 Dollars ($1,000,000) at any time or (B) if funds in the amount of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000) are deposited into such Account during any month.

Related to DACA Agreement

  • MCIP Agreement means the Agreement for the Development of a Joint County Industrial and Business Park (2010 Park) dated as of December 1, 2010, as amended, between the County and Xxxxxxxx County, South Carolina, as the same may be further amended or supplemented from time to time, or such other agreement as the County may enter with respect to the Project to offer the benefits of the Special Source Revenue Credits to the Company hereunder.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Foundation Agreement means the agreement dated the 20th February 1985 made between the Trustee, the Manager, Xxxxxxxx, Genting WA and Tileska providing for the subscription of Units and Options;

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Implementation Agreement means the Implementation Agreement dated ……… by and between the GOB, PGCB and the Company in connection with the Project, and also includes any amendment of it made from time to time;

  • Client Agreement means the agreement between the Company and the Client, which together with the Terms of Business are defined as “Operative Agreements” and govern the terms on which the Company deals with the Client.