Qualifying Control Agreement definition
Qualifying Control Agreement means an agreement, among a Loan Party, a depository institution or securities intermediary and the Administrative Agent, which agreement is in form and substance acceptable to the Administrative Agent and which provides the Administrative Agent with “control” (as such term is used in Article 9 of the UCC) over the deposit account(s) or securities account(s) described therein.
Qualifying Control Agreement shall have the meaning set forth on Schedule 1 hereto.
Qualifying Control Agreement means each of the following, as applicable to the respective items or types of property in which the Grantor now has or may hereafter acquire an interest:
Examples of Qualifying Control Agreement in a sentence
Deliver to the Administrative Agent, as soon as available, but in any event, within thirty (30) days of the Closing Date (or such longer period of time as is agreed by the Administrative Agent in its sole discretion), (a) insurance certificates and endorsements evidencing insurance meeting the requirements set forth herein or in the Collateral Documents, and (b) a Qualifying Control Agreement with respect to the deposit account held with City National Bank and referenced on Schedule 5.21(c).
More Definitions of Qualifying Control Agreement
Qualifying Control Agreement means an agreement, among a Loan Party, a depository institution or securities intermediary (other than Bank of America) and the Administrative Agent, which agreement is in form and substance reasonably acceptable to the Administrative Agent and which provides the Administrative Agent with “control” (as such term is used in Article 9 of the UCC) over the deposit account(s) or securities account(s) described therein.
Qualifying Control Agreement means any control or acknowledgment agreement in form and substance reasonably acceptable to the Administrative Agent with respect to Investment Property, Letter of Credit Rights or tangible personal property Collateral in the possession, custody or control of any warehouseman or other bailee.
Qualifying Control Agreement means, with respect to Investment Property credited to any Securities Account, an agreement executed by the applicable securities intermediary in form and substance reasonably satisfactory to the Lender and the Collateral Agent.
Qualifying Control Agreement means (a) with respect to Investment Property credited to any securities account, an agreement executed by the applicable securities intermediary substantially in such form and substance as may be reasonably consented to by the Administrative Agent; (b) with respect to any Deposit Account, a deposit account control agreement executed by the applicable depositary bank substantially in such form and substance as may be reasonably consented to by the Administrative Agent; and (c) with respect to any Investment Property in the form of uncertificated securities, an agreement of the issuer of such Investment Property in such form and substance as may be reasonably consented to by the Administrative Agent sufficient to confer control (within the meaning of Section 9-106 of the UCC) over such property and containing such other terms and provisions as the Administrative Agent may reasonably request.
Qualifying Control Agreement means an agreement reasonably satisfactory to the Administrative Agent among any Grantor, a banking institution holding such Grantor’s funds, and the Administrative 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 granting control over such Deposit Accounts to the Administrative Agent.
Qualifying Control Agreement means any agreement, in form and substance reasonably acceptable to the Collateral Agent, that provides the Collateral Agent with “control” as defined in Article 9 of the UCC.
Qualifying Control Agreement means an agreement, among a Loan Party, a depository institution or securities intermediary (other than Bank of America \) and the Administrative Agent, which agreement is in form and substance reasonably acceptable to the Administrative