Blocked Account definition
Blocked Account has the meaning provided in Section 6.13(a)(ii).
Blocked Account shall have the meaning assigned to such term in Section 5.11(a).
Blocked Account has the meaning set forth in Section 4.1.
Examples of Blocked Account in a sentence
The Administrative Agent acknowledges that the requirements to enter into Blocked Account Agreements under this Section 9.17(a) have been satisfied as of the Restatement Date with respect to the applicable Private Deposit Accounts and Government Receivables Deposit Accounts included in the updated bank account list disclosed to the Administrative Agent prior to the Restatement Date.
The Credit Parties may open or close Excluded Accounts at any time, without requirement of delivery of a Blocked Account Agreement without consent of the Administrative Agent.
More Definitions of Blocked Account
Blocked Account means any Deposit Account subject to a Blocked Account Agreement.
Blocked Account has the meaning provided in SECTION 2.18(c).
Blocked Account means any deposit account in which any funds of any of the Loan Parties from one or more DDAs (other than any Excluded DDA) are concentrated and with respect to which a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.
Blocked Account means a deposit account maintained by the Debtor with a Blocked Account Bank which account is the subject of an effective Blocked Account Letter, and includes all monies on deposit therein and all certificates and instruments, if any, representing or evidencing such Blocked Account;
Blocked Account means each DDA subject to a Blocked Account Agreement.
Blocked Account shall have the meaning specified in Section 5(a) of this Agreement.
Blocked Account. Any DDA into which the contents of any other DDA is transferred.