Securities Account Control Agreement definition

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

Securities Account Control Agreement means an agreement, in form and substance satisfactory to Agent, among Agent, any applicable Credit Party and each securities intermediary in which such Credit Party maintains a Securities Account pursuant to which Agent shall obtain “control” (as defined in Article 9 of the UCC) over such Securities Account.

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

Examples of Securities Account Control Agreement in a sentence

• Subject to Section 7.4 and the foregoing, Credit Parties shall ensure that each Deposit Account or Securities Account of a Credit Party (other than Excluded Accounts) is subject to a Deposit Account Control Agreement or Securities Account Control Agreement, as applicable.

• If any Deposit Account or Securities Account ceases to constitute an Excluded Account, such Credit Party and the applicable bank, financial institution or securities shall enter into a Deposit Account Control Agreement or Securities Account Control Agreement within thirty (30) days of the date on which such Deposit Account or Securities Account ceased to be an Excluded Account (or such longer period as Agent may agree in writing).

• Except as otherwise specified herein or as the context may otherwise require, capitalized terms used but not otherwise defined herein have the meanings ascribed thereto in the Trust Agreement, the Sale and Servicing Agreement and the Securities Account Control Agreement, as the case may be, for all purposes of this Indenture.

More Definitions of Securities Account Control Agreement

Securities Account Control Agreement means an agreement substantially in the form of Exhibit 4 hereto or such other form that is reasonably satisfactory to the Collateral Agent establishing the Collateral Agent’s Control with respect to any Securities Account.

Securities Account Control Agreement any Control Agreement entered into by the Administrative Agent, a Loan Party and a securities intermediary holding a Securities Account of such Loan Party pursuant to which the Administrative Agent is granted “control” (for purposes of the UCC) over such Securities Account.

Securities Account Control Agreement means an agreement, in form and substance satisfactory to Agent, among Agent, any applicable Borrower and each securities intermediary in which such Borrower maintains a Securities Account pursuant to which Agent shall obtain “control” (as defined in Article 9 of the UCC) over such Securities Account.

Securities Account Control Agreement means that certain Securities Account Control Agreement dated as of August 14, 2009 among Buyer, Servicer and Securities Intermediary, as may be amended, supplemented or replaced from time to time.

Securities Account Control Agreement means the Securities Account Control Agreement, dated as of the Closing Date, among the Issuer, the Indenture Trustee, as the Secured Party, the Servicer and U.S. Bank National Association, as Securities Intermediary.

Securities Account Control Agreement means the Securities Account Control Agreement, dated as of June 17, 2015, among the Seller, Deutsche Bank Trust Company Americas, as Securities Intermediary thereunder, and the Indenture Trustee, pursuant to which the Reserve Account will be established and maintained.

Securities Account Control Agreement means each Securities Account Control Agreement among the Borrower or a Guarantor of Payment, the Administrative Agent and a Securities Intermediary, to be in form and substance satisfactory to the Administrative Agent, as the same may from time to time be amended, restated or otherwise modified.