Bank Blocked Accounts definition

Bank Blocked Accounts means the MMP Bank Blocked Account, the Midstream Bank Blocked Account, the Logistics Bank Blocked Account, the G&P Bank Blocked Account and the Turkey Creek Bank Blocked Account.

Bank Blocked Accounts means the Spark Bank Blocked Account, the SEG Bank Blocked Account, the Xxxxx Fargo Bank Blocked Account, CenStar Bank Blocked Accounts, Censtar Opco Bank Blocked Account, Oasis Bank Blocked Accounts, Maine Bank Blocked Account, NH Bank Blocked Account, and Mass Bank Blocked Account and, with respect to each other Co-Borrower, an account with a depositary institution acceptable to the Agent into which collections from such Co-Borrower’s accounts will be deposited pursuant to Section 7.08.

Bank Blocked Accounts means (a) account no. 103657535433 in the name of Borrower maintained with U.S. Bank into which collections from the Borrower’s Accounts will be deposited pursuant to Section 7.14 below and which is subject to a Blocked Account Agreement, (b) account no. 9030-422249 in the name of the Borrower maintained with Toronto Dominion Bank into which collections in Canadian Dollars from the Borrower’s Accounts will be deposited pursuant to Section 7.14 below and which is subject to a Blocked Account Agreement, (c) account no. 31441031373 in the name of U.S. Bank maintained with Bank of Montreal on behalf of Borrower into which collections of Canadian Dollars from Borrower’s Accounts will be deposited pursuant to Section 7.14 below and which is subject to a Blocked Account Agreement, and (d) any other account approved by Agent which is also subject to a Blocked Account Agreement.”

Examples of Bank Blocked Accounts in a sentence

• Each of the Co-Borrowers agrees that it will not permit the Bank Blocked Accounts to become subject to any other pledge, assignment, Lien, charge or encumbrance of any kind, nature or description, other than the Banks’ security interest or any Lien the bank where such Bank Blocked Accounts are held may have.

• If there are insufficient funds in the Bank Blocked Accounts to cover the amount of the fee, commission, interest or other cost or expense then due, such debits will be reversed (in whole or in part, in the Agent’s sole discretion) and such amount not debited shall be deemed to be unpaid.

• Agent at any time may apply amounts contained in the Bank Blocked Accounts toward satisfaction of the Obligations.

• The Borrower agrees that it cannot, and will not, withdraw any monies from the Bank Blocked Accounts until such time as the Agent authorizes such withdrawal and it will not permit the Bank Blocked Accounts to become subject to any other pledge, assignment, lien, charge or encumbrance of any kind, nature or description, other than Agent’s security interest.

• In the event that any Account Debtor does make any payment directly to the Bank Blocked Accounts, Borrower shall promptly deposit such amounts into the Bank Blocked Accounts, and (iii) to the extent any funds are withdrawn by the Borrower or any of its Subsidiaries from the Clearinghouse Account, deposit and cause its Subsidiaries to deposit such funds to the Bank Blocked Accounts.

More Definitions of Bank Blocked Accounts

Bank Blocked Accounts means the accounts listed on Schedule 1.01(b) hereto, and, with respect to each other Co-Borrower, an account with a depositary institution acceptable 4812-0911-1547, v. 7 to the Agent into which collections from such Co-Borrower’s accounts will be deposited pursuant to Section 7.08.

Bank Blocked Accounts means (a) account no. __________ in the name of Borrower maintained with Wxxxx Fargo into which collections from the Borrower’s Accounts will be deposited pursuant to Section 7.14 below and which is subject to a Blocked Account Agreement, (b) account no. ______ CAD in the name of the Borrower maintained with Wxxxx Fargo into which collections in Canadian Dollars from the Borrower’s Accounts will be deposited pursuant to Section 7.14 below and which is subject to a Blocked Account Agreement, and (c) any other account approved by Agent which is also subject to a Blocked Account Agreement.

Bank Blocked Accounts means account no. 103657535433 in the name of Borrower maintained with U.S. Bank into which collections from the Borrower’s Accounts will be deposited pursuant to Section 7.14 below and which is subject to a Blocked Account Agreement, account no. 9030-422249 in the name of the Borrower maintained with Toronto Dominion Bank into which collections in Canadian Dollars from the Borrower’s Accounts will be deposited pursuant to Section 7.14 below and which is subject to a Blocked Account Agreement, and any other account approved by Agent which is also subject to a Blocked Account Agreement.

Bank Blocked Accounts. : means the deposit accounts listed on S chedule 1.0A maintained (a) with the Administrative Agent or (b) at any other bank or financial institution acceptable the Administrative Agent, in its sole discretion, in each case, which are at all times subject to Perfected Lien.

Bank Blocked Accounts is amended to read as follows:

Bank Blocked Accounts means (i) account maintained by Avista with Xxxxx Fargo, (ii) multicurrency account maintained by Avista with Xxxxx Fargo and (iii) multicurrency account maintained by Avista Canada with Xxxxx Fargo.

Bank Blocked Accounts. : means the deposit accounts listed on Schedule