Controlled Account Agreement definition

Controlled Account Agreement has the meaning specified therefor in the Security 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.

Examples of Controlled Account Agreement in a sentence

  • Each Deposit Account, Securities Account or Commodity Account (other than Excluded Accounts) maintained by or for the benefit of an Obligor shall be subject to a Controlled Account Agreement at all times.


More Definitions of Controlled Account Agreement

Controlled Account Agreement shall have the meaning assigned to such term in Section 14.28(a)(i).
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 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 means any agreement executed by a depository bank, securities intermediary, or commodities intermediary and the Administrative Agent and acknowledged and agreed to by the applicable Credit Party, in form and substance reasonably acceptable to the Administrative Agent, which, among other things, provides for the Administrative Agent’s Control, for the benefit of the Lender Group, of a deposit account, securities account, commodities account, or other bank or investment account, as amended, restated, supplemented, or otherwise modified from time to time.
Controlled Account Agreement. The Second Amended and Restated Controlled Account Agreements with respect to the Waterfall Account and the Servicing Agreement Account, respectively, each dated as of January 27, 2014, each among Seller, Buyer and Deposit Account Bank, and as each may subsequently be amended, modified and/or restated from time to time.
Controlled Account Agreement means a control agreement, in form and substance satisfactory to Collateral Agent, executed and delivered by a Grantor, Collateral Agent and the applicable securities intermediary (with respect to a Securities Account) or bank (with respect to a Deposit Account), as may be amended, restated, supplemented, or otherwise modified from time to time.