Blocked Accounts definition

Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

Blocked Accounts has the meaning ascribed to it in Annex C.

Blocked Accounts has the meaning assigned to that term in subsection 5.6.

Examples of Blocked Accounts in a sentence

• Only Lender shall have the right to direct withdrawals from such Blocked Accounts.

• Borrower shall pay all fees and charges as may be required by any depository in which such Blocked Accounts are opened.

• Notwithstanding anything herein to the contrary, to the extent any funds credited to the Blocked Accounts constitute Net Cash Proceeds that are otherwise required to be utilized to prepay the Revolving Advances pursuant to Section 2.08, the application of such Net Cash Proceeds shall be subject to Section 2.08.

• Subject to Section 4.13, Borrower shall provide Lender with the duly executed Deposit Account Control Agreement related to such Blocked Accounts.

• During a Trigger Period, proceeds received from such Blocked Accounts shall be applied against any Indebtedness owing by Borrower to Lender and shall be applied in accordance with Section 2.05 hereof.

More Definitions of Blocked Accounts

Blocked Accounts has the meaning assigned to such term in Section 2.21(a).

Blocked Accounts shall have the meaning provided in Section 9.15(a).

Blocked Accounts has the meaning set out in Section 2.17(c).

Blocked Accounts shall have the meaning set forth in Section 4.15(h)(i).

Blocked Accounts means each deposit account of the Borrowers which is the subject of a Blocked Account Agreement.

Blocked Accounts has the meaning provided in Section 6.18(b).

Blocked Accounts as defined in subsection 4.16(c).