Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.
Blocked Account Bank shall have the meaning set forth in Section 4.15(h).
Blocked Account Bank means each of the banks set forth in Schedule 4.1(s), as such Schedule 4.1(s) may be modified pursuant to Section 4.1(s).
Examples of Blocked Account Bank in a sentence
All funds deposited in such Blocked Accounts or Depository Accounts shall immediately become subject to the security interest of Agent for its own benefit and the ratable benefit of Issuer, Lenders and all other holders of the Obligations, and Borrowing Agent shall obtain the agreement by such Blocked Account Bank to waive any offset rights against the funds so deposited as provided in the applicable control agreement.
Neither Agent nor any Lender assumes any responsibility for such blocked account arrangement, including any claim of accord and satisfaction or release with respect to deposits accepted by any Blocked Account Bank thereunder.
More Definitions of Blocked Account Bank
Blocked Account Bank means a financial institution approved (such approval not to be unreasonably withheld) by the Administrative Agent and with respect to which the Debtor has delivered to the Collateral Agent an executed Blocked Account Letter (hereinafter defined);
Blocked Account Bank means each bank with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.
Blocked Account Bank has the meaning provided in Section 6.12.
Blocked Account Bank means an Eligible Institution at which a Blocked Account is maintained.
Blocked Account Bank means each of the banks set forth in Schedule 4.1(s) to the Disclosure Letter, as such Schedule 4.1(s) to the Disclosure Letter may be modified pursuant to Section 4.1(s).
Blocked Account Bank has the meaning specified therefor in Section 8.01(a).
Blocked Account Bank has the meaning specified in the Pledge and Security Agreement.