Controlled Account Agreement definition
Controlled Account Agreement means a deposit account control agreement or securities account control agreement with respect to a Pledged Account, pursuant to which the Collateral Agent is granted control over such Pledged Account in a manner that perfects its security interest in such Pledged Account under applicable law, all in form and substance satisfactory to the Collateral Agent, as the same may be amended, modified, supplemented, extended, renewed, restated or replaced from time to time.
Controlled Account Agreement has the meaning specified therefor in the Security Agreement.
Controlled Account Agreement. A control agreement with respect to the Waterfall Account, dated as of the date of this Agreement, among Seller, Buyer and Deposit Account Bank.
Examples of Controlled Account Agreement in a sentence
The Loan Parties shall not be required to pledge any Deposit Account maintained with banks in the Netherlands (the “Dutch Accounts”), or to obtain a Controlled Account Agreement with respect thereto, so long as the average weekly balance for all Dutch Accounts at no time exceeds $3,000,000 in the aggregate, but excluding from such calculation the amount transferred to a U.S. Controlled Account of a U.S. Loan Party within 15 days after receipt in the Dutch Accounts.
More Definitions of Controlled Account Agreement
Controlled Account Agreement means an agreement between the Administrative Agent, United Rentals, the Seller and each Controlled Account Bank reasonably acceptable to the Administrative Agent; provided that the Controlled Account Agreements entered into (and as amended) on or prior to the date hereof shall be deemed to be reasonably acceptable to the Administrative Agent.
Controlled Account Agreement shall have the meaning assigned to such term in Section 14.28(a)(i).
Controlled Account Agreement means a control agreement with respect to the Buyer’s Account, dated as of the date of this Agreement, among Seller, Buyer and Controlled Account Bank.
Controlled Account Agreement means that certain Controlled Account Agreement, dated as of the date hereof, among Buyer, Master Seller (on behalf of itself and each Series Seller) and the Depository, relating to the Cash Management Account, as the same may be amended, modified and/or restated from time to time.
Controlled Account Agreement means any tri-party agreement by and among a Credit Party, the Collateral Agent, and a depositary bank or securities or commodities intermediary (as applicable) at which such Credit Party maintains one (1) or more deposit, disbursement, lockbox, securities and/or commodities accounts granting “control” (as defined in the UCC) to the Collateral Agent with respect to such account(s), in each case, in form and substance reasonably satisfactory to the Collateral Agent.
Controlled Account Agreement means that certain Deposit Account Control Agreement, dated as of August 2, 2016, among Buyer, Master Seller (on behalf of itself and each Series Seller), Servicer and the Depository, relating to the Cash Management Account, as the same may be amended, modified and/or restated from time to time.
Controlled Account Agreement. An amended and restated control agreement with respect to the Waterfall Account, dated as of December 20, 2013, among each Seller, Buyer and Waterfall Account Bank, as amended, modified, waived, supplemented, extended, restated or replaced from time to time.