Blocked Account Letter definition

Blocked Account Letter means a letter agreement in a form acceptable to the Collateral Agent, executed by the Debtor and the Collateral Agent and acknowledged and agreed to by the relevant Blocked Account Bank;

Blocked Account Letter has the meaning specified in the Pledge and Security Agreement.

Blocked Account Letter has the meaning assigned to such term in the Security Agreement.

Examples of Blocked Account Letter in a sentence

• Operating costs to produce the final good are normalised to zero, so if the user pays an access fee equal to , her profits are equal to − .

• The Conventions are implemented principally by the Nuclear Installations Act 1965 ("the 1965 Act").

• They developed a Convolutional Neu- ral Network (CNN)-based approach to automatically categorize sentences into predefined intention categories.

• By signing this letter agreement, you acknowledge notice of the Security Agreement as it pertains to this Blocked Account Letter and confirm to the Agent that you have received no notice of any other pledge or assignment of the Accounts at this time.

• All cash, cash equivalents, checks, notes, drafts or similar items of payment received by the Borrower otherwise than as provided elsewhere in this Section 5.15(b) shall be deposited into the Clearing Account, the Blocked Account or an account which pursuant to Section 5.15(d) hereof is subject to a Blocked Account Letter.

More Definitions of Blocked Account Letter

Blocked Account Letter means a letter agreement, in substantially the form of EXHIBIT P (with such changes as may be agreed to by the Agent), executed by the Borrower and/or any Subsidiary and acknowledged and agreed to by a depository bank.

Blocked Account Letter has the meaning specified in the Canadian Security Agreement (or, if such defined term is used with respect to or otherwise applicable to a U.S. Loan Party, specified in the U.S. Pledge and Security Agreement).

Blocked Account Letter means the letter agreement, dated August 17, 1994, executed by the Borrower and the Agent and acknowledged and agreed to by PNC Bank, National Association, as such letter agreement may be amended, supplemented or otherwise modified from time to time in accordance with the terms hereof.

Blocked Account Letter means a letter agreement, substantially in the form of Annex I-A (Form of Blocked Account Letter) to this Agreement (with such changes thereto as may be agreed to by the Administrative Agent), executed by the relevant Grantor and the Administrative Agent and acknowledged and agreed to by the relevant Blocked Account Bank.

Blocked Account Letter has the meaning specified in the U.S. Security Agreement.

Blocked Account Letter means a Blocked Account Letter, substantially in the form of Exhibit B (with such changes thereto as may be agreed to by the Collateral Agent), executed by the relevant U.S. Grantor and the Collateral Agent and acknowledged and agreed to by the relevant Blocked Account Bank.

Blocked Account Letter means any letter agreement executed by a ---------------------- Blocked Account depository bank and the Agent and acknowledged and agreed to by the Borrower, in the form of Exhibit B hereto, as such letter agreements may be --------- amended, supplemented or otherwise modified from time to time.