Control Accounts definition

Control Accounts means summary accounts designed to control accountability for individual property records. Unlike individual property records that 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 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 means those accounts maintained in the name of the Asset Entities or Issuer at banks other than the Collection Account Bank that are subject to Account Control Agreements and to the lien of the Indenture Trustee on behalf of the Secured Parties under the Indenture.

Examples of Control Accounts in a sentence

• General Ledger Control Accounts and their reconciliation with subsidiary ledgers.

• 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.

• Noah and business partner Ken Pohle stepped in and struck an agreement with DNR to run the mine.

• Prior to the occurrence of an Event of Default, the Trustee shall be authorized to allow the Servicer to effect or direct deposits into the Control Accounts.

• 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 has the meaning provided in Section 5.5(a)(ii) hereof.

Control Accounts has the meaning set forth in the ABL Credit Agreement as in effect on the date hereof and shall include any substantially similar accounts pursuant to any Replacement ABL Credit Agreement.

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.”

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

Control Accounts shall have the meaning set forth in Section 5(a) of the Agreement.

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

Control Accounts has the meaning ascribed to it in Clause 20.1.1 (Control Accounts);