Control Account definition

Control Account means a Securities Account or Commodity Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

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Control Account has the meaning assigned to such term in Section 5.08(c)(ii).

Control Account includes all Financial Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

Examples of Control Account in a sentence

Other than the Excluded Accounts (as defined in the Guarantee and Security Agreement), each deposit account and securities account maintained by the Borrower or any other Obligor is a Control Account.
The Deposit Account shall be established by the Servicer or a Seller, as applicable, in accordance with the terms and conditions of the Control Account Agreement concurrently with the execution and delivery of this Agreement by a Seller and Administrative Agent.
Schedule 3(l) identifies each Deposit Account and Securities Account of each Obligor on the date hereof, together with an indication of whether such account is an Excluded Control Account (and if so, which type of Excluded Control Account).
No Seller shall pledge, transfer or convey any security interest in the Deposit Account or Control Account Agreement to any Person without the express written consent of Administrative Agent.

More Definitions of Control Account

Control Account means any of the accounts established pursuant to a Control Agreement.

Control Account means any securities account, whether or not with a broker or dealer, over which an Access Person has any control or influence over security transaction decisions or in which the Access Person has any beneficial interest (i.e., derives any benefit). Such accounts include securities accounts of (i) any Access Person, (ii) his or her spouse or domestic partner, (iii) any family member of the Access Person living in the same household as the Access Person, and (iv) any trust, partnership or other entity which the Access Person, spouse or domestic partner, or a family member living in the same household influences security transaction decisions or has any beneficial interest. Control Accounts do not include an account over which the Access Person has no direct or indirect control or influence.

Control Account means an account established by Company and held at the Control Institution in accordance with the terms of the Control Account Agreement.

Control Account has the meaning specified in Section 6.20(a).

Control Account has the meaning specified in the Pledge and Security Agreement.

Control Account means a Deposit Account that is subject to a Deposit Account Control Agreement.

Control Account means a Securities Account or Commodity Account maintained by the Borrower with an Approved Securities Intermediary which account is the subject of an effective Control Account Letter, and includes all Financial Assets held therein and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.