Deposit Account Control Agreement definition

Deposit Account Control Agreement means an agreement in a form that is reasonably satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Deposit Account.

Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent, among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution.

Deposit Account Control Agreement has the meaning assigned to such term in the Security Agreement.

Examples of Deposit Account Control Agreement in a sentence

• Deposit Account Control Agreement, dated as of November 13, 2008, among Sonterra Operating, Inc., Sterling Bank, and Summerline Asset Management, LLC, as “Collateral Agent” (Incorporated by reference to Exhibit 10.16 of our Current Report on Form 8-K/A filed on December 10, 2008).

• Deposit Account Control Agreement, dated as of November 13, 2008, among Sonterra Resources, Inc., Sterling Bank, and Summerline Asset Management, LLC, as “Collateral Agent” (Incorporated by reference to Exhibit 10.17 of our Current Report on Form 8-K/A filed on December 10, 2008).

• On or before ninety (90) days after the Effective Date (or such later date as may be agreed by the Administrative Agent in its sole discretion), each Credit Party shall have delivered to the Administrative Agent each Deposit Account Control Agreement required to be provided pursuant to Section 4.10 of the Pledge Agreement with respect to any deposit account maintained by any Credit Party as of the Effective Date (other than any Excluded Accounts).

• Deposit Account Control Agreement, dated as of November 13, 2008, among North Texas Drilling Services, Inc., The First National Bank of Weatherford, and Summerline Asset Management, LLC, as “Collateral Agent” (Incorporated by reference to Exhibit 10.18 of our Current Report on Form 8-K/A filed on December 10, 2008).

More Definitions of Deposit Account Control Agreement

Deposit Account Control Agreement means an agreement, in form and substance reasonably satisfactory to the Collateral Agent, among any Grantor, a banking institution holding such Grantor’s funds, and the Collateral Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Grantor with such banking institution.

Deposit Account Control Agreement means each deposit account control agreement (or securities account control agreement, as applicable) among a Borrower, Administrative Agent and the applicable Account Bank, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time.

Deposit Account Control Agreement any Control Agreement entered into by the Administrative Agent, a Loan Party and a financial institution holding a Deposit Account of such Loan Party pursuant to which the Administrative Agent is granted “control” (for purposes of the UCC) over such Deposit Account.

Deposit Account Control Agreement means an agreement substantially in the form of Exhibit 5 hereto or such other form that is reasonably satisfactory to the Collateral Agent establishing the Collateral Agent’s Control with respect to any Deposit Account.

Deposit Account Control Agreement has the meaning specified in the Pledge and Security Agreement.

Deposit Account Control Agreement means a letter agreement, in form and substance reasonably satisfactory to the Collateral Agent, executed by the relevant Loan Party, the Collateral Agent and the relevant Deposit Account Bank (or, with respect to any Deposit Accounts located outside of the United States, customary security arrangements in the applicable jurisdictions for perfecting a security interest in such Deposit Accounts and the assets deposited therein or credited thereto).

Deposit Account Control Agreement means, with respect to any Deposit Account of any Lien Grantor, a Deposit Account Control Agreement substantially in the form of Exhibit H (or otherwise in form and substance reasonably satisfactory to the Applicable Agent) among such Lien Grantor, the Applicable Agent and the relevant Depositary Bank.