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 that certain account control agreement, dated as of the date hereof, among the Company, the Administrative Agent and Xxxxx Fargo Bank, National Association.
Examples of Blocked Account Control Agreement in a sentence
On or prior to the date of the first Funding Notice, Company shall cause to be established and 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.
More Definitions of Blocked Account Control Agreement
Blocked Account Control Agreement means an agreement in form and substance reasonably acceptable to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Deposit Account. For purposes of this definition, “Control” means “control” 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, collectively, any Fully Blocked Account Control Agreement and any Springing 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 Wells Fargo Bank, National Association.
Blocked Account Control Agreement means a blocked account control agreement by and among Borrower, PNC Bank, National Association, as depositary bank and/or securities intermediary, and PNC Bank, National Association, as Agent, all of which shall be in form and substance reasonably satisfactory to Agent and Borrower.
Blocked Account Control Agreement. With respect to any Property Manager Account, an agreement governed by New York law by and among the related Collecting Property Manager, the bank maintaining such Property Manager Account, the Agent and, if applicable, the Borrowers, pursuant to which the Agent obtains “control” of such Property Manager Account within the meaning of the UCC; together with an opinion of counsel to the Borrowers that (a) such agreement, if the Borrowers are party to such agreement, has been duly authorized, executed and delivered by the Borrowers and constitutes their legal, valid, binding and enforceable agreement and (b) the Agent’s the security interest in such account is perfected.
Blocked Account Control Agreement a blocked account control agreement by and among the relevant Loan Party, the relevant depositary bank and/or securities intermediary (which shall be JPMorgan Chase Bank, N.A. or another financial institution reasonably acceptable to the Collateral Agent), and the Collateral Agent, which agreement shall be in form and substance reasonably satisfactory to the Collateral Agent.