Operating Account Control Agreement definition

Operating Account Control Agreement means the deposit account control agreement, dated on or about the date hereof, among OFFERPAD SPE BORROWER A, LLC, Administrative Agent and Account Bank, which shall provide for Administrative Agent control over the Operating Account and shall be in form and substance acceptable to Administrative Agent, as the same may be amended, restated, modified and supplemented and in effect from time to time.
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Operating Account Control Agreement means one or more account control agreements, among the applicable Borrowers, the applicable Pledgor, Lender and the Operating Account Bank, which shall provide for Lender control over each Borrower Operating Account, as well as Security Deposits, taxes and insurance escrow amounts for the Financed Rental Properties, and shall be in form and substance acceptable to Lender, as the same may be amended from time to time.
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Operating Account Control Agreement means an account control agreement among a Pkg Parent, an Operating Account Bank and the Administrative Agent providing for springing control by the Administrative Agent during an Event of Default only over the applicable Operating Account, substantially in the form agreed to on the Closing Date or such other form as may be reasonably acceptable to the Administrative Agent.
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Examples of Operating Account Control Agreement in a sentence

  • Borrower shall not pledge, transfer or convey any security interest in the Collection Account, Concentration Account or Operating Account to any Person (other than the pledge contemplated in the Collection Account Control Agreement, the Concentration Account Control Agreement or the Operating Account Control Agreement, as applicable) without the express written consent of Administrative Agent.

  • Maintain in full force and effect the Company Operating Account Control Agreement.

  • At all times from and after the date of its execution and delivery, maintain in full force and effect the Company Operating Account Control Agreement.

  • Within 30 days following the Effective Date, Company, Collateral Agent, and Operating Account Bank shall have executed and delivered the Company Operating Account Control Agreement.

  • The Purchasers hereby appoint Tang Capital Partners, LP, as the “Agent” for the Purchasers under each of the Notes, the Security Agreement and that certain Pledged Operating Account Control Agreement, dated as of September 9, 2011, by and among the Company, the Agent and Barclays Capital Inc.

  • In Brunson the Article 32 investigating officer conducted numerous ex parte discussions concerning substantive and procedural matters withneutral officers.

  • Borrower, Agent and Cash Management Bank shall enter into the Operating Account Control Agreement on or prior to the Closing Date, which agreement shall provide, in part, that Agent shall have control and springing dominion over the Operating Account.

  • The Credit Parties shall cause to be established and maintained a deposit account at the Account Bank in the name of the Borrower designated as the Borrower Operating Account and the Borrower shall provide the account number of the Borrower Operating Account to the Administrative Agent as to which the New Money Agent shall have control within the meaning of Section 9-104(a)(2) of the UCC pursuant to the Borrower Operating Account Control Agreement.


More Definitions of Operating Account Control Agreement

Operating Account Control Agreement means that certain Account Control Agreement dated as of January 28, 2016, among the Borrower, the Administrative Agent and any securities intermediary or depositary bank that may be party thereto from time to time, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time or replaced from time to time in which case such Account Control Agreement may give effect to the customary provisions required by the replacement deposit bank or securities intermediary.
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Operating Account Control Agreement means that certain account control agreement by and among Agent, Borrower and Xxxxx Fargo Bank, National Association dated as of the Closing Date, which provides for springing instructions for the disposition of funds from the Operating Account directly to Agent or as Agent may direct, as the same may be amended, modified, supplemented, restated, replaced or renewed in writing from time to time.
Sample 1
Operating Account Control Agreement means one or more account control agreements, among the applicable Borrowers, the applicable Pledgor, Lender and the Operating Account Bank, which shall provide for Lender control over each Borrower Operating Account, as well as Security Deposits, taxes and insurance escrow amounts for the Financed Rental Properties, and shall be in form and substance acceptable to Lender, as the same may be amended, restated, supplemented or otherwise modified from time to time.
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Operating Account Control Agreement means that certain Blocked Account Control Agreement (Shifting Control), with respect to the Operating Account, dated on or about the date hereof among Borrower, Agent and Cash Management Bank, as the same may be amended, restated, supplemented or otherwise modified from time to time.
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Operating Account Control Agreement means a blocked account control agreement with respect to the Operating Account among Seller, Buyer, and the Bank in form and substance acceptable to Buyer in its good faith discretion, as the same may be amended from time to time.
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Operating Account Control Agreement means the deposit account control agreement with respect to the Operating Account entered into by and among Borrower, Lender and Operating Account Bank in accordance with Section 3.2.
Sample 1

Related to Operating Account Control Agreement

  • 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.

  • 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.

  • 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(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.

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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”.

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

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

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

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

  • 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.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • 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.

  • 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.

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