Control Account Agreement definition

Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance reasonably satisfactory to the Administrative Agent.

Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.

Control Account Agreement means a letter agreement, substantially in the form of Annex 2 (Form of Control Account Agreement) (with such changes as may be agreed to by the Administrative Agent), executed by the relevant Grantor, the Administrative Agent and the relevant Approved Securities Intermediary.

Examples of Control Account Agreement in a sentence

• Capitalized terms used herein shall have the meanings given to them in the Control Account Agreement.

• Notwithstanding any provision of the Control Account Agreement to the contrary, under no circumstances shall Bank direct or otherwise authorize the disbursement or other disposition of any funds from the Control Account to Bank or any other person or entity other than in accordance with the previous sentence.

• Subject to the terms of the Agreement and the Control Account Agreement, the Collateral Securities pledged by Tenant pursuant to this Agreement shall at all times be held in the Control Account.

• Notwithstanding anything to the contrary set forth in any Deposit Account Control Agreement, Control Account Agreement or elsewhere, the Collateral Agent agrees not to deliver any notice of exclusive control (or equivalent) or similar instructions to any relevant depositary institution, Securities Intermediary or Commodity Intermediary (as applicable) unless an Event of Default has occurred and is continuing.

• Tenant further represents, except as permitted under this Agreement and the Control Account Agreement, that for the term of this Agreement it will not sell, convey, transfer or otherwise dispose of any of the Collateral Securities.

More Definitions of Control Account Agreement

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

Control Account Agreement means a letter agreement in a form acceptable to the Collateral Agent, executed by the Debtor, the Collateral Agent and the relevant approved Securities Intermediary;

Control Account Agreement means the account agreement attached hereto as Exhibit A.

Control Account Agreement means any agreement executed by a depository bank and the Administrative Agent, for the benefit of the Lender Group, and acknowledged and agreed to by the applicable Credit Party, in form acceptable to the Administrative Agent in its reasonable discretion.

Control Account Agreement has the meaning specified in the Bank Security Agreement.

Control Account Agreement 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).

Control Account Agreement means one or more Deposit Account Control Agreements dated as of even date herewith by and among the Trustee, the Issuers, and the institution at which the Disbursed Funds Account is held.