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Deposit Control Agreement definition

Deposit Control Agreement means the deposit account control agreement by and among the Company, the Holder and the Deposit Control Account Bank, as amended, modified or supplemented from time to time in accordance with its terms
Deposit Control Agreement means the funds held in a deposit control account in accordance with Article 9 of the UCC intended to cover Development Security and Decommissioning Assurance.
Deposit Control Agreement means the Assigned Account Agreements among the Debtors, the applicable depository bank, the First Lien Debt Agent and the Second Lien Debt Agent.

Examples of Deposit Control Agreement in a sentence

  • No later than five (5) days after the occurrence of an Event of Default, each Borrower or Obligor which maintains a Concentration Account shall, upon Agent's request, obtain a Deposit Control Agreement, in form and substance to Agent, from each depository bank with respect to such Concentration Account.

  • The Borrowers shall not at any time allow the Warranty Obligations to exceed the sum of the Remaining Escrow Funds plus any cash held in a segregated bank account that is subject to a Deposit Control Agreement and set aside by the Borrowers solely for the purpose of satisfying the Warranty Obligations.

  • That certain account held at Monroe Bank, anIndiana chartered bank, defined in the Prepetition Deposit Control Agreement as the “Monroe Operating Account” or any other account designated by Postpetition Lender in its sole discretion.

  • In addition, the Company entered into a Deposit Control Agreement which granted control of and a priority interest in the Company’s commercial banking accounts to the third party.

  • Notwithstanding anything herein to the contrary, if the Company and any of its Subsidiaries receives any of the Deposit Control Account Funds in breach of the Deposit Control Agreement (or receives notice from the Holder that an amount was wired to the Company from the Deposit Control Account without the proper authorization of such Holder), the Company shall promptly cause such amounts to be returned to such applicable Deposit Control Account.

  • The Company shall establish and maintain the Deposit Control Account at the Deposit Control Agent, which Deposit Control Account shall be subject to the terms of the Deposit Control Agreement.

  • Each Borrower agrees to execute and deliver to Lender a Deposit Control Agreement, substantially in the form of Exhibit A hereto, with respect to each deposit account of Borrower.

  • The Bank will exercise its rights to give instructions to Valliance under the Deposit Control Agreement only in the event of an uncured default under the Loan Agreement, as amended by this Agreement and any other Loan Documents or the exercise or attempt by any other person to exercise any dominion or control over the account, directly or indirectly, including through any order, attachment or levy.

  • Lender shall exercise such control in accordance with said [Control Agreement for Deposit Account/Government Healthcare Receivables Deposit Control Agreement choose alternative as applicable].Deleted: or the Project AssetsDeleted:Deleted:Deleted:Deleted:Deleted: 3.

  • Pursuant to the Prepetition Deposit Control Agreement, which agreement will continue in effect after the date hereof, all funds received in the Lockbox Account maintained by Old National Bank will be transferred to the Prepetition Lender’s concentration account.


More Definitions of Deposit Control Agreement

Deposit Control Agreement means the Deposit Account Control Agreement, dated the Closing Date, among the Company, Bank of the West and the Purchasers, in the form of Exhibit G attached hereto “Disclosure Schedules” shall have the meaning ascribed to such term in Section 3.1.
Deposit Control Agreement means a deposit control agreement between the Borrowers, TCB and the Administrative Agent regarding the bank accounts maintained by North American Petroleum Corporation USA at TCB, including, without limitation, the deposit accounts identified on Schedule One hereto (the “TCB Accounts”).
Deposit Control Agreement means the Deposit Account Control Agreement, dated the Closing Date, among the Company, Bank of the West and the Purchasers, in the form of Exhibit G attached hereto
Deposit Control Agreement has the meaning set forth in Section 5.16.
Deposit Control Agreement means the agreement in the form of Exhibit E annexed hereto. 1.34. "EBITDA" shall mean, for any period, Asta Funding's Net Income, plus interest expenses (exclusive of interest on Non-Recourse Loans), plus taxes, plus depreciation, all as determined in accordance with GAAP and set forth in the Financial Statements. 1.35. "Eligible Accounts" means an Account arising out of a Consumer Loan, as to which Lender has been granted a first and prior perfected security interest by a Debtor and with respect to which the Account Debtor has made a Payment within the last ninety (90) days and which is presently owned by a Debtor and is part of an Eligible Portfolio. 1.36. "Eligible Portfolio" shall mean a Portfolio as to which a Debtor has acquired the legal right, title and interest to the Consumer Loans comprising each such Portfolio and the Collections and Accounts relating thereto, which is not a Rejected Portfolio. Each Eligible Portfolio shall be designated in each Debtor's Books and Records by a code name acceptable to the Lender, which code names shall be set forth in each Borrowing Base Certificate. 1.37. "Events of Default" shall have the meaning set forth in Section 12 hereof. 1.38. "Examination Fee" means a field examination fee of Lender not to exceed $750.00 per each day of examination, plus Lender's out-of-pocket expenses, including, travel, meals and listed expenses, provided that so long as no Event of Default is continuing, Borrower shall not be required to pay for more than one field examination in any calendar quarter prior to an Event of Default. 1.39. "Financial Statements" mean the financial statements to be furnished Lender pursuant to Section 9(v) hereof. 1.40. "GAAP" means generally accepted accounting principles then in effect and consistent with those applied in the preparation of the Financial Statements to be delivered pursuant to Section 9(v) hereof. 1.41. "Grid Note" means the note executed by Borrower in the form of Exhibit B annexed hereto, as amended, renewed or replaced from time to time. 1.42. "Guarantees" means the guaranty of all of the Obligations executed by each Guarantor, including each Affiliate Guaranty, as each is amended from time to time. 1.43. "Guarantors" shall mean Asta Funding, Asta I, E.R., Palisades I, Palisades II and each Affiliate, executing an Affiliate Guaranty, after the date hereof, but in no event a Non-Affiliate. 1.44. "Indemnified Party" means Lender and each of its officers, directors, representatives and...
Deposit Control Agreement the Deposit Control Agreement to be executed and delivered by each AREH Subsidiary Guarantor, substantially in the form of Exhibit D.

Related to Deposit Control Agreement

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

  • Account Control Agreement means the Securities Account Control Agreement, dated as of the Effective Date, by and between the Borrower, as pledgor, the Collateral Agent on behalf of the Secured Parties, as secured party, and the Collateral Custodian, as Securities Intermediary.

  • Blocked Account Control Agreement shall have the meaning attributed to such term in the Security Agreement.

  • 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.

  • Control Agreement is any control agreement entered into among the depository institution at which Borrower maintains a Deposit Account or the securities intermediary or commodity intermediary at which Borrower maintains a Securities Account or a Commodity Account, Borrower, and Bank pursuant to which Bank obtains control (within the meaning of the Code) over such Deposit Account, Securities Account, or Commodity Account.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Account Control Agreement(s) means any agreement entered into by and among the Lender, Borrower and a third party Bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which grants Lender a perfected first priority security interest in the subject account or accounts.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Control Agreements means, collectively, the Deposit Account Control Agreement, the Securities Account Control Agreement and the Commodity Account Control Agreement.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance reasonably satisfactory to the Administrative Agent.

  • Account Agreement means the agreements for the operation of the Account.

  • Commodity Account Control Agreement means a control agreement in a form that is reasonably satisfactory to the Collateral Agent establishing the Collateral Agent’s Control with respect to any Commodity Account.

  • Blocked Account Agreement means an agreement among the Borrower, the Agent and a Clearing Bank, in form and substance reasonably satisfactory to the Agent, concerning the collection of payments which represent the proceeds of Accounts or of any other Collateral.

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Account Agreements means any lockbox account agreement, pledged account agreement, blocked account agreement, securities account control agreement, or any similar deposit or securities account agreements among the Notes Agent and/or the ABL Agent, one or more Grantors and the relevant financial institution depository or securities intermediary.

  • Qualifying Control Agreement means an agreement, among a Loan Party, a depository institution or securities intermediary and the Administrative Agent, which agreement is in form and substance acceptable to the Administrative Agent and which provides the Administrative Agent with “control” (as such term is used in Article 9 of the UCC) over the deposit account(s) or securities account(s) described therein.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Collection Account Agreement means an agreement in form reasonably acceptable to the Administrative Agent among Buyer, the Administrative Agent and a Collection Bank.

  • Investment Property Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, and has such other terms and conditions as Agent may require.

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

  • Change of Control Agreement means the Change of Control letter agreement between the Company and the Executive of even date herewith.

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.