Control Accounts means summary accounts designed to control accountability for individual property records. Unlike individual property records which establish accountability for particular items of property, control accounts accumulate the total cost or value of the custodian’s property and through entries to the control accounts documenting acquisitions, transfers and dispositions, provide evidence of the change in that total cost or value over periods of time as well as the total cost or value at any point in time.

Control Accounts means, collectively (i) Account No. DE3550 that is subject to that certain Account Control Agreement, dated as of May 27, 2013, by and among the Borrower, Capital Advisors Group, Inc., as Investment Manager, Capital Royalty Partners II, L.P., as Lender, and State Street Bank and Trust Company, as Securities Intermediary; (ii) Account Nos. 3300994367 and 3300994371 that are subject to that certain Deposit Account Control Agreement, dated as of August15, 2013, by and among Borrower, Capital Royalty Partners II, L.P. and Silicon Valley Bank and (iii) Account No. DE 3551 that is subject to that certain Account Control Agreement, dated as of April 2015, by and among Valeritas Security Corporation, as Borrower, Capital Advisors Group, Inc., as Investment Manager, Capital Royalty Partners II L.P., as Lender, and State Street Bank and Trust Company, as Securities Intermediary.

Control Accounts. The Loan Parties have obtained a control agreement as described in Section 3.04(b) of the Security Agreement with respect to each Deposit Account that does not constitute Excluded Property and a control agreement as described in Section 3.04(c) of the Security Agreement with respect to all Securities of any Loan Party held through a Securities Intermediary or Commodity Intermediary.”

Examples of Control Accounts in a sentence

The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.
General Ledger Control Accounts and their reconciliation with subsidiary ledgers.
Because we bear the investment experience of the assets backing the Total Control Accounts, we may receive a profit from these assets.
In any legal action or proceeding arising out of or in connection with this Agreement, the entries made in the accounts maintained pursuant to Clause 36.4 (Maintain Accounts) and Clause 36.5 (Control Accounts) shall, in the absence of manifest error, be prima facie evidence of the existence and amounts of the specified obligations of the Obligors.
While transactions in No Control Accounts do not require pre-clearance, copies of Trade Confirmations and Brokerage Statements for No Control Accounts are required as set out in Section 6.4 below.

More Definitions of Control Accounts

Control Accounts means the collateral accounts of the Company maintained with the Control Banks which shall be subject to the Control Agreements.

Control Accounts. The Agent shall maintain on its books a control account or accounts in which shall be recorded:

Control Accounts means the A/R Control Account and the Asset Sale Control Account.

Control Accounts has the meaning set forth in the ABL Credit Agreement as in effect on the date hereof.

Control Accounts has the meaning specified therefor in Section 8.01(a).

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