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
Upon receipt of the proceeds of the Term Loans from the Lenders, the Administrative Agent shall, on behalf of Lxxxxxx, disburse funds into an account specified by the Borrower, which account must be a Blocked Account.
More Definitions of Blocked Account
Blocked Account has the meaning provided in SECTION 2.18(c).
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 an account maintained by the SPV or an Originator as Master Servicer or Sub-Servicer, as applicable, at a Blocked Account Bank for the purpose of receiving Collections, set forth in Schedule 4.1(s) or any account added as a Blocked Account pursuant to and in accordance with Section 4.1(s) and which, if not maintained at and in the name of the Administrative Agent, is subject to a Blocked Account Agreement (or will become subject to such an agreement as provided in the definition of “Net Pool Balance”).
Blocked Account means each DDA subject to a Blocked Account Agreement.
Blocked Account. Any DDA into which the contents of any other DDA is transferred.
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.