Common use of Blocking Notice Clause in Contracts

Blocking Notice. If at any time the First Lien Collateral Agent or, after delivery of a Notice of Termination of First Lien Obligations sent by the First Lien Collateral Agent, the Second Lien Collateral Agent, as the case may be, delivers to the Financial Institution a Blocking Notice in substantially the form set forth in Exhibit B hereto, the Financial Institution agrees that after receipt of such notice, it will take all instruction with respect to the Deposit Account solely from such Collateral Lien Holder.

Appears in 2 contracts

Samples: Intercreditor Agreement (Greektown Newco Sub, Inc.), Pledge and Security Agreement (Greektown Superholdings, Inc.)

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Blocking Notice. If at any time the First Lien Collateral Agent or, after delivery of a Notice of Termination of First Lien Obligations sent by the First Lien Collateral Agent, the Second Lien Collateral Agent, as the case may be, delivers to the Financial Institution Securities Intermediary a Blocking Notice in substantially the form set forth in Exhibit B hereto, the Financial Institution Securities Intermediary agrees that after receipt of such notice, it will take all instruction with respect to the Deposit Securities Account solely from such the applicable Collateral Lien Holder.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Greektown Superholdings, Inc.), Intercreditor Agreement (Greektown Newco Sub, Inc.)

Blocking Notice. If at any time the First Lien Collateral Agent or, after delivery of a Notice of Termination of First Lien Obligations sent by the First Lien Collateral Agent, the Second Lien Collateral Agent, as the case may be, delivers to the Financial Institution Securities Intermediary a Blocking Notice in substantially the form set forth in Exhibit B hereto, the Financial Institution Securities Intermediary agrees that after receipt of such notice, it will take all cease to follow any instruction with respect to the Deposit Securities Account solely from such Collateral Lien Holderthe Debtor.

Appears in 2 contracts

Samples: Patent Security Agreement (Edgen Murray LTD), Patent Security Agreement (Edgen Murray LTD)

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Blocking Notice. If at any time the First Lien Collateral Agent Bank or, after delivery of a Notice of Termination of First Lien Obligations sent by the First Lien Collateral AgentBank, the Second Lien Collateral Agent, as the case may be, delivers to the Financial Institution Securities Intermediary a Blocking Notice in substantially the form EXHIBIT C-3 set forth in Exhibit B hereto, the Financial Institution Securities Intermediary agrees that after receipt of such notice, it will take all instruction with respect to the Deposit Securities Account solely from such the applicable Collateral Lien Holder.

Appears in 2 contracts

Samples: Control Agreement (Greektown Superholdings, Inc.), Pledge and Security Agreement (Greektown Newco Sub, Inc.)

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