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.
Sample 1Sample 2Sample 3
DACA Agreement means the that certain Deposit Account Control Agreement which may be entered into prior to the Closing Date, by and among the Corporation, Professional Bank and the Holders pursuant to which the Holder shall deposit Subscription Amounts with Professional Bank to be applied to the transactions contemplated by the Purchase Agreement.
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.

  • 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.

  • From the beginning it was ensured that before the line was laid, archaeologists would be able to investigate the archaeological importance of sites along the route.

  • EquityCo II shall open the Accounts at the Deposit Bank and enter into a DACA Agreement with the Deposit Bank and Administrative Agent pursuant to Section 10 of the Amended Loan Agreement prior to any additional Advances, and in any event within 21 days after the First Amendment Effective Date.

  • If, for any reason, the DACA Agreement is not fully executed and in place 30 days after the date of this Amendment No. 3, then within 5 days, the Parties shall meet (which unless otherwise agreed to by the Parties such meeting shall be done telephonically) and confer in good faith and use their reasonable best efforts to agree upon an appropriate replacement mechanism to provide an equivalent level of protection to the Sellers and the Seller Representative as the DACA Agreement.

  • Prior to the execution of this Amendment No. 3, the Company shall (i) deposit all of the Company’s cash on hand into its regular banking account at the Bank, which bank account shall be subject to the DACA Agreement upon execution of the DACA Agreement by the Company, the Seller Representative and the Bank (the “DACA Account”) and (ii) take all steps reasonably necessary and appropriate to direct any and all payments to the Company of any and all A/R List, as defined below, into such DACA Account.

  • 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 [Redacted – Commercially Sensitive Information] at any time or (B) if funds in the amount of [Redacted – Commercially Sensitive Information] are deposited into such Account during any month.

  • All Gross Receipts shall be deposited into an Account covered by a DACA Agreement.

Related to DACA Agreement

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • SPS Agreement means the Agreement on the Application of Sanitary and Phytosanitary Measures which is a part of the WTO Agreement; Subheading means the first six digits in the tariff classification number under the HS; Territory means:

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Licence Agreement means an agreement (whether or not in writing) between the owner of student accommodation and a student giving a licence to the student;

  • Xxxxxx Agreement means that certain Contingent Stock Agreement, effective as of January 1, 1996, by The Xxxxx Company in favor of and for the benefit of the Holders (named in Schedule I thereto) and the Representatives (therein defined), as amended.

  • 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.

  • Main Agreement means the part of this Agreement that commences on the first page and ends with but includes Schedule A, excluding Section 3(d) (which incorporates this Schedule C into the Agreement).

  • Cross License Agreement means that certain Cross License Agreement between and among Medarex, Cell Genesys, Inc., Abgenix, Inc., Xenotech, L.P. and Japan Tobacco Inc., dated March 26, 1997.

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • Transition Agreement has the meaning set forth in Section 12.8.1.

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

  • Sponsor Letter Agreement has the meaning set forth in the recitals to this Agreement.

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

  • Commercial Agreement means an agreement, other than an agency agreement, made between carriers and relating to the provision of their joint services for carriage of passengers by air;

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Assistance Agreement means a for- mal, written agreement between the CDFI Fund and an Awardee which specifies the terms and conditions of assistance under this part;

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

  • Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.

  • Formation Agreement has the meaning attributed to it in Recital A;

  • 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.

  • Mediation agreement means a written agreement between the parties to a mediation meeting.

  • Side Agreement means the Side Agreement for Transfer Agency Services between the Customer and Transfer Agent dated as of January 1, 2015.

  • Licensing Agreement means a commercial agreement between a design approval holder and a production approval holder (or applicant) formalizing the rights and duties of both parties to use the design data for the purpose of manufacturing the product or article.

  • License Agreement means the agreement between SAP (or an SAP SE Affiliate, or an authorized reseller) under which Customer procured the rights to use SAP Software or a Cloud Service.

  • Framework Agreement means the Clauses of this Framework Agreement together with the Framework Schedules and annexes to it;