Control Notice definition

Control Notice means a written notice delivered by Agent pursuant to a “control” or other agreements instructing the depository bank to comply with instructions originated by Agent with respect to the Blocked Account that is covered thereby without further consent of Loan Parties.

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Control Notice shall have the meaning set forth in Section 5.3(b).

Control Notice has the meaning set forth in Section 9.05(b).

Examples of Control Notice in a sentence

The T5 Collateral Agent agrees that (i) it shall not deliver any Control Notice unless an Event of Default has occurred and is continuing and it has been instructed pursuant to the Collateral and Intercreditor Agreement and (ii) upon such Event of Default ceasing to exist (as confirmed to the T5 Collateral Agent pursuant to the Collateral and Intercreditor Agreement), it shall promptly deliver a Control Notice Withdrawal to the T5 Accounts Bank and the Borrower.
The ▇▇▇▇▇ Collateral Agent agrees that (i) it shall not deliver any Control Notice unless an Event of Default has occurred and is continuing and it has been instructed pursuant to the Collateral and Intercreditor Agreement, and (ii) upon such Event of Default ceasing to exist (as confirmed to the ▇▇▇▇▇ Collateral Agent pursuant to the Collateral and Intercreditor Agreement), it shall promptly deliver a Control Notice Withdrawal to the ▇▇▇▇▇ Accounts Bank and ▇▇▇▇▇ Borrowers.
Promptly following the receipt of such a notice, the T5 Collateral Agent shall (if a Control Notice was previously delivered pursuant to such Remedies Instruction or other direction) deliver a Control Notice Withdrawal (as defined in the T5 Accounts Agreement) in accordance with Section 3.15 (Defaults and Remedies) of the T5 Accounts Agreement.

More Definitions of Control Notice

Control Notice means a notice given by the Corporation to the holders of shares of the Series B Convertible Preferred Stock, in accordance with Section 7(a)(5) or Section 11(b)(4), stating that an Inconvertibility Day or an Optional Redemption Event, as the case may be, has occurred by reason of events which are not solely within the control of the Corporation.

Control Notice has the meaning assigned to such term or any similar term (including, without limitation, “Shifting Control Notice”, “Exclusive Access Notice” and “Activation Notice”) in each Account Control Agreement.

Control Notice means a notice given by the Company to the Holder, in accordance with Section 1.5(b), (i) stating that a Share Limitation Event has occurred by reason of events which are not solely within the control of the Company and (ii) enclosing an executed copy of an Auditors' Determination.

Control Notice has the meaning set forth in Section 3.03(b)(v)(A).

Control Notice means a “shifting control notice,” an “access termination notice” or such similar term as defined in any Control Agreement.

Control Notice has the meaning set forth in Section 7.5(b).

Control Notice has the meaning assigned to such term in each Lockbox Agreement.