Deposit Control Account definition

Deposit Control Account means the deposit control account at the Deposit Control Agent that is subject to the terms of the Deposit Control Agreement.
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Deposit Control Account shall have the meaning set forth in Section 9(a).
Sample 1

Examples of Deposit Control Account in a sentence

  • Governing law The governing law of the Certificates will be English law, except that the security granted pursuant to the Securities Account Security Agreement, the Securities Control Account Agreement, the Deposit Account Security Agreement and the Deposit Control Account Agreement shall be governed by New York law.

  • Deposit Control Account, but excluding the capitalized value of the ground lease and the tenant relocation costs.

  • On or before the First Amendment Effective Date, the Grantor shall execute and deliver to the Subordinated Collateral Agent a Deposit Control Account Agreement for a deposit account (the “Collateral Deposit Account”) maintained with the Bank Agent.

  • On or before the Fourth Amendment Effective Date, the Grantor shall execute and deliver to the Subordinated Collateral Agent a Deposit Control Account Agreement for a deposit account with account number 758660021 in the name of the Grantor maintained with JPMorgan Chase Bank, N.A. (such account, or such other accounts as are reasonably acceptable to the Subordinated Collateral Agent, the “Collateral Deposit Account”).

  • In addition, the Company hereby grants and pledges to the Holder a continuing security interest in any cash in the Deposit Control Account (the “Collateral”) to secure prompt repayment of any and all amounts outstanding hereunder from time to time and to secure prompt performance by the Company of each of its covenants and duties under the Transaction Documents.

  • The Company agrees to enter into a Deposit Control Account Agreement and will use its best efforts to have its bank agree to such agreement.

  • The Company hereby grants and pledges to the Holder a continuing security interest in any cash in the Deposit Control Account (the “Collateral”) to secure prompt repayment of any and all amounts outstanding hereunder from time to time and to secure prompt performance by the Company of each of its covenants and duties under the Transaction Documents.

  • Example Interest Bearing Deposit Control Account Example Interest Bearing Deposit Client Ledger Notes: • Transactions are recorded in the IBD control account and the balance will correspond with the bank statement for the IBD account.

  • On or before the Closing Date, the Grantor shall execute and deliver to the Administrative Agent a Deposit Control Account Agreement for a deposit account with account number 758660021 in the name of the Grantor maintained with JPMorgan Chase Bank, N.A. (such account, or such other accounts as are reasonably acceptable to the Administrative Agent, the “Collateral Deposit Account”).

  • To secure its obligations under this Agreement, Developer hereby grants to CVEC, as the secured party, a present and continuing security interest in, and lien on (and right of setoff against), and assignment of, all funds in the Deposit Control Account.

Related to Deposit Control Account

  • Control Account means a Securities Account or Commodity Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

  • Control Account Agreement means any 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 Controlled Account, in each case in form and substance reasonably satisfactory to the Administrative Agent.

  • Collection Account Control Agreement means the Amended and Restated Collection Account Control Agreement, dated as of the date hereof, among the Borrower, the Servicer, the Administrative Agent and the Collection Account Bank, substantially in the form of Exhibit D-3 hereto, as amended, modified or supplemented from time to time.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • 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 means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • 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.

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Cash Management Account Bank and Lender providing for the exclusive control of the Cash Management Account and all other Subaccounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Holding Account means an account:

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

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

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).