Controlled Account means each deposit account and securities account that is subject to an account control agreement in form and substance satisfactory to the Administrative Agent and the L/C Issuer.
Controlled Account has the meaning specified therefor in Section 7(k).
Controlled Account has the meaning set forth in Section 8.18(a).
Examples of Controlled Account in a sentence
The Borrower and the Agent shall have thirty (30) days after receipt of a statement of a Controlled Account to notify the Custodian of an error in such statement.
Except as otherwise required by law, the Custodian will use reasonable efforts to promptly notify the Agent and the Borrower if the Custodian receives a notice that any other person claims that it has a security or property interest in or lien upon a Controlled Account.
Each party hereby agrees that each item of property (whether investment property, financial asset, security or instrument (each as defined in the UCC) or cash) credited to a Controlled Account on or after the date of the Agreement shall be treated as a “financial asset” within the meaning of UCC §8-102(a)(9).
More Definitions of Controlled Account
Controlled Account shall have the meaning set forth in Section 5.11.
Controlled Account means (a) any Deposit Account of a Note Party that is subject to a Deposit Account Control Agreement, and (b) any Securities Account of a Note Party that is subject to a Securities Account Control Agreement.
Controlled Account means a Deposit Account, a Securities Account or a Commodity Account that is subject to a Deposit Account Control Agreement, a Securities Account Control Agreement or a Commodity Account Control Agreement, as the case may be.
Controlled Account is defined in Section 7.13.
Controlled Account means each deposit account and securities account that is subject to an account control agreement in form and substance satisfactory to the Administrative Agent and each of the applicable Issuing Lenders that is entitled to Cash Collateral hereunder at the time such control agreement is executed.
Controlled Account means each of the Reserve Account, the Collection Account and the Lockbox Account, and the “Controlled Accounts” means all of such accounts.
Controlled Account means one or more deposit accounts established by the Administrative Agent (for the benefit of the Lenders) at a depository bank or financial institution that is acceptable to the Administrative Agent, and which is established and maintained in accordance with Section 14.28 hereof.