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Securities Account Control Agreements definition

Securities Account Control Agreements means each securities account control agreement entered into by a Loan Party, the Collateral Agent, and the applicable securities intermediary party thereto.
Securities Account Control Agreements the securities account control agreements, in form and substance reasonably acceptable to Agent, to be executed by each institution maintaining a Securities Account for an Obligor, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations.
Securities Account Control Agreements has the meaning specified in the Guarantee and Collateral Agreement.

Examples of Securities Account Control Agreements in a sentence

  • The Borrowers shall not permit the balance of assets contained in any Securities Account of any Loan Party that is not subject to a Control Agreement to exceed $250,000 at any time, and shall not permit the balance of funds and other assets contained in all Securities Accounts of the Loan Parties that are not subject to Securities Account Control Agreements to exceed $500,000 at any time.

  • Evidence that all Liens in favor of the Agent granted pursuant to any Loan Document shall constitute first-perfected priority Liens, subject only to Permitted Liens, including, without limitation, Deposit Account Control Agreements executed by depository banks and Securities Account Control Agreements executed by Securities Intermediaries as are necessary to perfect the security interest in favor of the Agent in Cash Holdings included in the Borrowing Base.

  • Assuming the due execution of the respective Securities Account Control Agreements or Commodity Account Control Agreements (to the extent possible after using commercially reasonable efforts), the Collateral Agent has a first priority security interest in each such Securities Account and Commodity Account, which security interest is perfected by Control.

  • Within sixty (60) days after the Closing Date (or such extended period of time as agreed to by the Administrative Agent), the Administrative Agent shall have received, in form and substance reasonably satisfactory to the Administrative Agent, Deposit Account Control Agreements and Securities Account Control Agreements with respect to each account required to be subject to such agreement pursuant to Section 6.13.

  • In connection with any termination or release pursuant to this Section 8.14, the Administrative Agent shall execute and deliver to any Grantor, at such Grantor’s expense and without recourse to or warranty by the Administrative Agent, all documents that such Grantor shall reasonably request to evidence such termination or release, including UCC termination statements and terminations of Deposit Account Control Agreements and Securities Account Control Agreements.


More Definitions of Securities Account Control Agreements

Securities Account Control Agreements has the meaning specified in the U.S. Security Agreement and/or the Canadian Security Agreement, as the context may require.
Securities Account Control Agreements shall have the meaning given in the Security Agreement.
Securities Account Control Agreements means the respective Securities Account Control Agreements in commercially reasonable form to be entered into, in accordance with the terms of the Loan Documents, after the Closing Date among Lessee, as customer, Agent, as secured party, and the following, as account holders: Xxxxxx Brothers, Money Market One, Xxxxxxx Xxxxx, Xxxxxxx Xxxxx Xxxxxx, Blackrock Provident, Nations Trust Bank, Xxxxxxx, AMR Investments and any other account holders with whom Lessee maintains securities accounts from time to time.”
Securities Account Control Agreements means: (a) the Securities Account Control Agreements dated on or about June 21, 2011, by and among the US Guarantors, the Collateral Agent and the Securities Intermediary; and (b) any Securities Account Control Agreement entered into after the date hereof by and among an Approved EOI Pledged Share Transferee, the Collateral Agent and the Securities Intermediary in connection with the transfer of Collateral owned by a Maple Ficus Guarantor to such Approved EOI Pledged Share Transferee, having substantially the same terms and conditions as those contained in the Securities Account Control Agreements described in paragraph (a) above or having such other terms and conditions as are reasonably acceptable to the Collateral Agent.
Securities Account Control Agreements mean, collectively, those securities account control agreements entered into from time to time, by and among the Borrowers, certain Affiliates of the Borrowers, the Administrative Agent, and the Bank of New York Mellon, as Intermediary and Securities Intermediary.
Securities Account Control Agreements means the Securities Account Control Agreements dated on or about the Closing Date, by and among the Company and the LTV Guarantors, the Collateral Agent and the Securities Intermediary.
Securities Account Control Agreements means the two Securities Account Control Agreements executed by the Borrower, the Administrative Agent and Bear, Xxxxxxx Securities Corp. for the purpose of perfecting the Administrative Agent’s security interest in the two “Securities Accounts” referred to by number in the Security Agreement.