Controlled Account Agreements definition

Controlled Account Agreements means those certain cash management agreements, in form and substance reasonably satisfactory to Agent, each of which is executed and delivered by a Grantor, Agent, and one of the Controlled Account Banks.

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Controlled Account Agreements has the meaning specified therefor in the Guaranty and Security Agreement.

Controlled Account Agreements shall have the meaning assigned to such term in the Notes.

Examples of Controlled Account Agreements in a sentence

Buyer shall have sole dominion and control (including, without limitation, “control” within the meaning of Section 9-104(a)(2) of the UCC) over the Waterfall Account, and Buyer shall have “control” within the meaning of Section 9-104(a)(2) of the UCC over the Servicer Account, in each case pursuant to the terms of separate Controlled Account Agreements.
So long as any deposit accounts, disbursement accounts, investment accounts and lockbox accounts of the Loan Parties that are subject to Controlled Account Agreements as of the Closing Date remain open (each such deposit account, disbursement account, investment account and lockbox account, a “Controlled Account”, and each such Controlled Account Agreement, an “Existing Controlled Account Agreement”), the Loan Parties shall keep such Existing Controlled Account Agreements in place.
With respect to the protective security interest granted by Seller in Section 11.01, upon the delivery of the Confirmations and the Purchased Asset Documents to Custodian, the execution and delivery of the Controlled Account Agreements and the filing of the UCC financing statements as provided herein, such security interest shall be a valid first priority perfected security interest to the extent such security interest can be perfected by possession, filing or control under the UCC.
Each Grantor shall establish and maintain Controlled Account Agreements with Agent and the applicable Controlled Account Bank, in form and substance reasonably acceptable to Agent.
Seller shall maintain the Custodial Agreement and Controlled Account Agreements in full force and effect.

More Definitions of Controlled Account Agreements

Controlled Account Agreements those certain cash management agreements, in form and substance reasonably satisfactory to the Collateral Agent, among a Grantor, Agent and Controlled Account Bank.

Controlled Account Agreements means those certain deposit and securities account control agreements executed and delivered pursuant to the Pledge and Security Agreement.

Controlled Account Agreements means those certain cash management agreements, in form and substance satisfactory to Agent in its Permitted Discretion, each of which is executed and delivered by a Grantor, Agent, and one of the Controlled Account Banks. (xvi) "Controlled Account Bank" has the meaning specified therefor in Section 7(k) hereof. (xvii) "Copyrights" means any and all rights in any works of authorship, including (A) copyrights and moral rights, (B) copyright registrations and recordings thereof and all applications in connection therewith including those listed on Schedule 2, (C) income, license fees, royalties, damages, and payments now and hereafter due or payable under and with respect thereto, including payments under all licenses entered into in connection therewith and damages and payments for past, present, or future infringements thereof, (D) the right to ▇▇▇ for past, present, and future infringements thereof, and (E) all of each Grantor's rights corresponding thereto throughout the world. (xviii) "Copyright Security Agreement" means each Copyright Security Agreement executed and delivered by Grantors, or any of them, and Agent, in substantially the form of Exhibit A. (xix) "Credit Agreement" has the meaning specified therefor in the recitals to this Agreement. (xx) "Excluded Accounts" means (A) Deposit Accounts and Securities Accounts (x) with an amount on deposit in any individual Deposit Account or Securities Account of not more than $50,000 at any one time and (y) with an aggregate amount on deposit for all such Deposit Accounts and Securities Accounts taken together of not more than $250,000 at any one time, (B) Deposit Accounts specially and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for any Grantor's employees; provided, that the amount on deposit in the Deposit Accounts of this clause (B) does not exceed the current amount of such payroll, payroll taxes and other employee wage and benefit obligations, (C) Deposit Accounts specially and exclusively used for taxes, including sales taxes; provided, that the amount on deposit in the Deposit Accounts of this clause (C) does not exceed the current amount of such tax obligations, (D) the Excluded L/C Account; provided that the aggregate amount of cash collateral

Controlled Account Agreements means those certain cash management agreements, in form and substance reasonably satisfactory to the Secured Party, each of which is among the Borrower, the Secured Party, and one of the Controlled Account Banks.

Controlled Account Agreements means each tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a deposit account, bank account or investment account, granting "control" over such deposit accounts and investment accounts to the Administrative Agent in a manner that perfects the Lien of the Administrative Agent under the UCC.

Controlled Account Agreements means those certain cash management agreements, in form and substance reasonably satisfactory to the Collateral Agent (it being understood that, before the Discharge of First Lien Obligations, any form and substance deemed reasonably acceptable by the First Lien Collateral Agent shall be deemed reasonably acceptable to the Collateral Agent), each of which is among the Borrower or one of the Guarantors, the Collateral Agent, and one of the Controlled Account Banks.