Deposit Account Control Agreement means a deposit account control agreement among the Collateral Agent, the Borrower or other Loan Party maintaining a Deposit Account at any bank or financial institution (an “Account Bank”) and such Account Bank, which agreement shall be on terms reasonably satisfactory to the Administrative Agent, as the same may be amended, supplemented or otherwise modified from time to time.
Deposit Account Control Agreement means an agreement in a form that is reasonably satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Deposit Account.
Deposit Account Control Agreement has the meaning assigned to such term in the Security Agreement.
Examples of Deposit Account Control Agreement in a sentence
Company will maintain all such funds for Subscriber’s benefit in a deposit account at Old Glory Bank, that is subject to a Deposit Account Control Agreement among Company, Old Glory Bank, and Company’s broker, Rialto Markets, LLC, until the earliest to occur of: (i) the acceptance by the Company of some or all of your Subscription at a Closing (as defined below), (ii) the rejection of such subscription, or (iii) the termination of the Offering by the Company (in its sole discretion).
More Definitions of Deposit Account Control Agreement
Deposit Account Control Agreement means an agreement, in form and substance reasonably satisfactory to the Collateral Agent, among any Grantor, a banking institution holding such Grantor’s funds, and the Collateral Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Grantor with such banking institution.
Deposit Account Control Agreement any Control Agreement entered into by the Administrative Agent, a Loan Party and a financial institution holding a Deposit Account of such Loan Party pursuant to which the Administrative Agent is granted “control” (for purposes of the UCC) over such Deposit Account.
Deposit Account Control Agreement means an agreement substantially in the form of Exhibit 5 hereto or such other form that is reasonably satisfactory to the Collateral Agent establishing the Collateral Agent’s Control with respect to any Deposit Account.
Deposit Account Control Agreement has the meaning specified in the Pledge and Security Agreement.
Deposit Account Control Agreement means, with respect to a Deposit Account, an agreement in form and substance reasonably satisfactory to Collateral Agent that (i) is entered into among Collateral Agent, the financial institution or other Person at which such Deposit Account is maintained, and the Note Party maintaining such Deposit Account, and (ii) is effective for Collateral Agent to obtain “control” (within the meaning of Articles 8 and 9 of the UCC) of such Deposit Account.
Deposit Account Control Agreement has the meaning specified in Section 8.12(a).
Deposit Account Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, the Borrower or Guarantor with a deposit account at any bank and the bank at which such deposit account is at any time maintained which provides that such bank will comply with instructions originated by Agent directing disposition of the funds in the deposit account without further consent by such Borrower or Guarantor and has such other terms and conditions as Agent may reasonably require.