Deposit Account Control Agreements definition
Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.
Deposit Account Control Agreements the deposit account control agreements in form and substance satisfactory to Agent executed by each lockbox servicer and financial institution maintaining a lockbox and/or Deposit Account (other than an Excluded Deposit Account) for a Loan Party, in favor of Agent and meeting the requirements set forth in Section 8.2.4.
Deposit Account Control Agreements means the deposit account control agreements or blocked account agreements in a form that is reasonably satisfactory to the Agent to be executed by each institution maintaining a deposit account or securities account for any of the Credit Parties, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations to the extent required by Section 4.14(g) or any other provision of this Agreement or any Other Document.
Examples of Deposit Account Control Agreements in a sentence
Borrower and ▇▇▇▇▇▇ shall establish with Lender certain lockboxes and blocked accounts as agreed upon by the Lender (collectively “Blocked Accounts”), for the benefit of Lender, for the deposit of all receipts and collections in accordance with Section 2.12 hereof, pursuant to executed Deposit Account Control Agreements in form and substance satisfactory to Lender, in its reasonable discretion.
Subject to Section 7.13, the Company and each Subsidiary Guarantor shall maintain its cash and Cash Equivalents in Deposit Accounts subject to Deposit Account Control Agreements (other than any Excluded Accounts and other than accounts containing cash and Cash Equivalents in the aggregate not in excess of $5,000,000).
More Definitions of Deposit Account Control Agreements
Deposit Account Control Agreements means such control agreements required pursuant to Section 3.9 of the Security Agreement.
Deposit Account Control Agreements has the meaning specified in the Security Agreement.
Deposit Account Control Agreements has the meaning specified in the U.S. Security Agreement and/or the Canadian Security Agreement, as the context may require.
Deposit Account Control Agreements the collective reference to the Borrower Deposit Account Control Agreements and the Subsidiaries Deposit Account Control Agreements.
Deposit Account Control Agreements means the respective Deposit Account Control Agreements entered into among Borrower, as Customer, Administrative Agent (for the account of each Lender in accordance with its Pro Rata Share), as Secured Party, and the following, as Depository Bank: Silicon Valley Bank and any other depository institutions at which Borrower maintains deposit accounts from time to time.
Deposit Account Control Agreements means those certain cash management agreements, in form and substance satisfactory to the Collateral Agent, each of which is among one or more of the Loan Parties, the Collateral Agent, and a depositary bank.
Deposit Account Control Agreements shall include each and every Deposit Account Control Agreement executed and delivered pursuant to the Loan Documents.