Deposit Account Control Agreements definition

Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

Deposit Account Control Agreements the deposit account control agreements in form and substance satisfactory to Agent executed by each lockbox servicer and financial institution maintaining a lockbox and/or Deposit Account (other than an Excluded Deposit Account) for a Loan Party, in favor of Agent and meeting the requirements set forth in Section 8.2.4.

Deposit Account Control Agreements means the deposit account control agreements or blocked account agreements in a form that is reasonably satisfactory to the Agent to be executed by each institution maintaining a deposit account or securities account for any of the Credit Parties, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations to the extent required by Section 4.14(g) or any other provision of this Agreement or any Other Document.

Examples of Deposit Account Control Agreements in a sentence

• This document is a model form produced by the Joint Task Force on Deposit Account Control Agreements of the Business Law Section of the American Bar Association.

• Borrower will not have the right to withdraw amounts from the Designated Accounts until such time as the Lenders authorize such withdrawal or the Deposit Account Control Agreements are terminated.

• Pursuant to the Deposit Account Control Agreements, as and when Pay-for-Success Payments are due to Borrower under the City PFS Agreement, the Lender Representative will have the authority to cause all of such amounts to be paid directly from the Designated Accounts to Senior Lenders and Subordinate Lender for the account of Borrower in accordance with the Priority of Payments Schedule for application to the obligations of Borrower under the Senior Loan Agreements and the Subordinate Loan Agreement.

• Melzer, Deposit Account Control Agreements, 229N.Y.L.J. 5 ( June 5, 2003) (discussing the practical issues facing a secured party in negotiating a control agreement).

• It next discusses the form of Deposit Account Control Agreement produced by the task force and set forth as Attachment A to this report, including the General Terms for Deposit Account Control Agreements set forth as AttachmentB.

More Definitions of Deposit Account Control Agreements

Deposit Account Control Agreements means such control agreements required pursuant to Section 3.9 of the Security Agreement.

Deposit Account Control Agreements has the meaning specified in the Security Agreement.

Deposit Account Control Agreements has the meaning specified in the U.S. Security Agreement and/or the Canadian Security Agreement, as the context may require.

Deposit Account Control Agreements the collective reference to the Borrower Deposit Account Control Agreements and the Subsidiaries Deposit Account Control Agreements.

Deposit Account Control Agreements means those certain cash management agreements, in form and substance satisfactory to the Collateral Agent, each of which is among one or more of the Loan Parties, the Collateral Agent, and a depositary bank.

Deposit Account Control Agreements shall have the meaning assigned to such term in Section 4.1(c).

Deposit Account Control Agreements means (a) the Deposit Account Control Agreement dated April 30, 2007, among Administrative Agent, Borrower and Bank of America, N.A., and (b) any other Deposit Account Control Agreement (in form and substance acceptable to the Administrative Agent in its sole discretion) pertaining to a Bank Deposit Account.