Controlled Account definition
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 shall have the meaning set forth in Section 5.11.
Examples of Controlled Account in a sentence
Maintain any Deposit Account, Securities Account or Commodity Account, unless such Deposit Account, Securities Account or Commodity Account is subject to a Controlled Account to the extent required by Section 6.9.
All Deposit Accounts (other than Excluded Accounts) shall be a Controlled Account.
All Deposit Accounts (other than Excluded Accounts) shall, subject to Section 6.16, be a Controlled Account.
More Definitions of Controlled Account
Controlled Account has the meaning set forth in Section 8.18(a).
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 means each of the Reserve Account, the Collection Account and the Lockbox Account, and the “Controlled Accounts” means all of such accounts.
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 a deposit account maintained at the Controlled Account Bank for the purpose of receiving deposited Collections.