Examples of Master Deposit Account Control Agreement in a sentence
Depositary Bank shall mean T.D. Bank, N.A., in its capacity as the financial institution under the Master Deposit Account Control Agreement receiving all revenues of the Institution, together with its successors and assigns in such capacity, and any successor Depositary Bank pursuant to the Master Deposit Account Control Agreement.
Control Agreement shall mean any and all agreements, whether there be one or more, among the Institution, as “Debtor,” the Depositary Bank and the Master Trustee, as “Secured Party,” pursuant to which the Institution agrees to grant the Master Trustee a security interest in one or more of the Institution’s depository accounts in order to secure the Institution’s repayment obligations under the Master Trust Documents; the initial Control Agreement being the Master Deposit Account Control Agreement.