Blocked Account Control Agreement definition

Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Cash Management Account Bank and Lender providing for the exclusive control of the Cash Management Account and all other Subaccounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Blocked Account Control Agreement shall have the meaning attributed to such term in the Security Agreement.

Blocked Account Control Agreement means the Controlled Account Agreement among each Borrower, the Paying Agent and the Administrative Agent providing for exclusive control by the Administrative Agent, substantially in the form set forth as Exhibit E-1 or such other form as may be reasonably acceptable to the Administrative Agent.

Examples of Blocked Account Control Agreement in a sentence

• The Collection Account and all other Accounts shall be subject to the Blocked Account Control Agreement and shall be under the sole control and dominion of Lender, and Borrower shall have no right of withdrawal therefrom.

• We express no opinion as to the validity of such statute under the Constitution of the United States of America, particularly in circumstances where the Equity Participation Agreement, Equity Funding Agreement, Guaranty (ITC Compensation), Guaranty (Recapture Indemnification) and Blocked Account Control Agreement bear no reasonable relation to the State of New York.

• The security interest created by the Equity Funding Agreement in such of Sponsor Member’s rights in the Blocked Account (as defined in the Blocked Account Control Agreement) and the financial assets held therein or credited thereto and the proceeds thereof as consists of securities accounts is perfected by the execution and delivery of the Blocked Account Control Agreement.

• On or prior to the Original Closing Date, Company caused to be established and shall thereafter cause to be maintained a Deposit Account in the name of Company designated as the “Reserve Account” as to which the Collateral Agent has control over such account for the benefit of the Lenders within the meaning of Section 9-104(a)(2) of the UCC pursuant to the Blocked Account Control Agreement.

• Blocked Account Control Agreement among Borrower, PNC Bank, National Association, Collateral Agent and DOE, dated as of April 5, 2011.

More Definitions of Blocked Account Control Agreement

Blocked Account Control Agreement means that certain account control agreement, dated as of the date hereof, among the Company, the Administrative Agent and Xxxxx Fargo Bank, National Association.

Blocked Account Control Agreement means, collectively, any Fully Blocked Account Control Agreement and any Springing Blocked Account Control Agreement.

Blocked Account Control Agreement means any agreement entered into by the Account Bank, Borrower and Lender substantially in the form attached hereto as Exhibit B or as otherwise in form and substance reasonably satisfactory to Lender, pursuant to which, among other things, Lender shall have control over the Blocked Account within the meaning of Section 9-104 of the UCC.

Blocked Account Control Agreement means any of (a) the Blocked Account Control Agreement, dated as of December 14, 2016 (as amended, restated, supplemented or otherwise modified from time to time), by and among the Intercreditor Agent, the Account Holder and Veritex Community Bank (f/k/a Green Bank N.A.), as the depositary bank, or (b) any blocked account control agreement, by and among the Intercreditor Agent, the relevant account holder and the depositary bank where the related account is held, which is in form and substance reasonably acceptable to Administrative Agent.

Blocked Account Control Agreement means that certain account control agreement, dated as of the date hereof, among the Company, the Administrative Agent and Wells Fargo Bank, National Association.

Blocked Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, among the Blocked Borrower, the Collateral Agent and Bank of America, N.A., as securities intermediary.

Blocked Account Control Agreement means the Blocked Account Control Agreement between the Borrower, the Collateral Agent and Société Générale, as account bank in respect of the Concentration Account, substantially in the form of Exhibit J.