Control Agreement. Anything contained herein to the contrary notwithstanding, Securities Intermediary shall, if and as directed in writing by Secured Party, without the consent of Pledgor, (i) comply with Entitlement Orders originated by Secured Party with respect to the Collateral Accounts and any Security Entitlements therein, (ii) transfer, sell or redeem any of the Collateral, (iii) transfer any or all of the Collateral to any account or accounts designated by Secured Party, including an account established in Secured Party's name (whether at Secured Party or Securities Intermediary or otherwise), (iv) register title to any Collateral in any name specified by Secured Party consistent with the policies or practices of the applicable depository, including the name of Secured Party or any of its nominees or agents, without reference to any interest of Pledgor, or (v) otherwise deal with the Collateral as directed by Secured Party. Nothing contained in this paragraph shall constitute a waiver of by Pledgor of any rights or remedies it may have against Secured Party under this Agreement or any other agreement.
Control Agreement. With respect to any of the Collateral for which control of such Collateral is a method of perfection under the UCC, including all of Issuer’s rights, titles and interests in deposit accounts, investment property, electronic chattel paper and letter-of-credit rights, and without limiting the obligations of Issuer under the provisions of Sections 3.9, 3.10, and 3.11, Issuer will cause to be executed by each Person that Collateral Agent determines is appropriate, a control agreement in a form acceptable to Collateral Agent.
Control Agreement. The Debtor agrees that it will not transfer assets out of any Securities Account or Deposit Account other than as permitted under the Credit Agreement. No arrangement contemplated hereby or by any Control Agreement in respect of any Securities Account, Deposit Account, or other Investment Property shall be modified by the Debtor without the prior written consent of Lender. Upon the occurrence and during the continuance of an Event of Default, Lender may notify any bank or securities intermediary to liquidate the applicable Deposit Account or Securities Account or any related Investment Property maintained or held thereby and remit the proceeds thereof to the Lender's Account.
Control Agreement. The Pledgors hereby authorize and instruct each Issuer and Partnership/LLC to comply, and each Issuer and Partnership/LLC hereby agrees to so comply, with any instruction received thereby from the Administrative Agent in accordance with the terms of this Pledge Agreement with respect to the Collateral, without any consent or further instructions from the Pledgors (or other registered owner), and the Pledgors agree that such Issuer and such Partnership/LLC shall be fully protected in so complying. Each Issuer and Partnership/LLC agrees that its agreement set forth in the preceding sentence shall be sufficient to create in favor of the Administrative Agent, for the benefit of the Secured Parties, “control” of the Partnership/LLC Interests within the meaning of such term under Sections 8-106(c) and 9-106 of the Code. Notwithstanding the foregoing, nothing in this Pledge Agreement is intended or shall be construed to mean or imply that the Partnership/LLC Interests constitute “securities” within the meaning of such term under Section 8-102(a)(15) of the Code or otherwise to limit or modify the application of Section 8-103(c) of the Code. Rather, the Administrative Agent has requested that this provision be included in this Pledge Agreement solely out of an abundance of caution in the event the Partnership/LLC Interests are, nevertheless, deemed to constitute “securities” under the Code.
Control Agreement. The Control Agreement;
Control Agreement. Each Debtor agrees that it will not transfer assets out of any of its Deposit Accounts or Securities Accounts; provided, however, that so long as no Event of Default has occurred and is continuing or would result therefrom, each Debtor may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement or the other Indenture Documents. Each Debtor agrees that it will take any and all reasonable steps in order for the Trustee to obtain control in accordance with Sections 9-104, 9-105, 9-106, and 9-107 of the Code with respect to any of its Securities Accounts, and each other Debtor agrees that (a) it shall take any and all reasonable steps in order for the Trustee to obtain control in accordance with Sections 9-104, 9-105, 9-106, and 9-107 of the Code with respect to (i) any of its Securities Accounts (to the extent that any such Securities Account contains cash, cash equivalents, or Investment Property in an aggregate amount in excess of $100,000 (other than following the occurrence and during the continuance of any Event of Default)), (ii) any of its Deposit Accounts (to the extent that any such Deposit Account has a balance in excess of $100,000 (other than following the occurrence and during the continuance of any Event of Default)), and (iii) any electronic chattel paper, Investment Property, and letter-of-credit rights, in each case, to the extent the value thereof exceeds $100,000 (other than following the occurrence and during the continuance of any Event of Default); provided further, however, that at any time that cash, cash equivalents, or Investment Property in one or more Securities Accounts that are not subject to a Control Agreement are in an aggregate amount, or the aggregate balance of one or more Deposit Accounts that are not subject to a Control Agreement is, in excess $50,000 for any consecutive five (5) day period, such Debtor shall immediately transfer or cause to be transferred into a Securities Account or Deposit Account, as the case may be, that is subject to a Control Agreement an amount at least equal to the amount of such excess. No arrangement contemplated hereby or by any Control Agreement in respect of any Securities Accounts or other Investment Property shall be modified by any Debtor without the prior written consent of the Trustee. Subject to the terms of the Indenture, upon the occurrence and during the continuance of an Event of Default, the Trustee may notify any bank or securities intermediary ...