Blocked Account Agreements definition

Blocked Account Agreements has the meaning set forth in Section 2.22(c).

Blocked Account Agreements has the meaning set forth in Section 2.21(c).

Blocked Account Agreements means, collectively and as amended, restated, supplemented, or otherwise modified from time to time, the Deposit Account Control Agreement executed with respect to the Portfolio General Receivables Account and the Collection Account Agreement executed with respect to the Third Party Payor Receivables Accounts, in each case executed by Borrower Representative, as agent for Borrowers, Administrative Agent and the bank named therein (the “Blocked Account Bank”).

Examples of Blocked Account Agreements in a sentence

• The names and addresses of all the Blocked Account Banks, together with the account numbers of the Blocked Accounts at such Blocked Account Banks, are specified in Schedule 4.1(s) (or at such other Blocked Account Banks and/or with such other Blocked Accounts as have been notified to the Administrative Agent and for which Blocked Account Agreements have been executed in accordance with Section 7.3 and delivered to the Master Servicer).

• Open new DDAs unless the Loan Parties shall have delivered to the Agent appropriate Blocked Account Agreements.

• Prior to the initial Investment hereunder, the SPV, Arrow and each other Originator shall enter into Blocked Account Agreements with all of the Blocked Account Banks, and deliver original counterparts thereof to the Administrative Agent.

• Prior to the Closing Date the Servicer and SPV shall enter into Blocked Account Agreements with all of the Blocked Account Banks, and deliver original counterparts thereof to the Agent.

• Open new DDAs, Blocked Accounts, or Concentration Accounts unless the Loan Parties shall have delivered to the Administrative Agent appropriate DDA Notifications or Blocked Account Agreements consistent with the provisions of Section 6.13 and otherwise reasonably satisfactory to the Administrative Agent.

More Definitions of Blocked Account Agreements

Blocked Account Agreements means agency agreements with the banks maintaining deposit accounts of any of the Loan Parties where funds from one or more DDAs are concentrated, which agreements shall be in form and substance reasonably satisfactory to the Administrative Agent.

Blocked Account Agreements shall have the meaning set forth in Section 7.1(a).

Blocked Account Agreements means those certain Blocked Account Agreements, each in form and substance satisfactory to Agent and each of which is among Borrowers, Agent, and one of the Blocked Account Banks.

Blocked Account Agreements means those certain Blocked Account Agreements, in form and substance satisfactory to Agent, each of which is among Borrower, Agent, and one of the Blocked Account Banks.

Blocked Account Agreements means agency agreements with respect to an account established by a Borrower, in form and substance satisfactory to the Agent, establishing control (as defined in the UCC) of such account by the Agent and whereby the bank maintaining such account agrees, upon the occurrence and during the continuance of a Cash Dominion Event, to comply only with the instructions originated by the Agent without the further consent of any Borrower.

Blocked Account Agreements shall have the meaning ascribed thereto in subsection 3.5.

Blocked Account Agreements means agency agreements with the banks maintaining deposit accounts of the Borrowers where funds from one or more DDAs are concentrated, which agreements shall be in form and substance reasonably satisfactory to the Administrative Agent, and the Canadian Agent, as applicable.