Definition of TCB Accounts


TCB Accounts means the deposit accounts identified on Schedule One hereto.
Sample 1

Examples of TCB Accounts in a sentence

All funds in the control of any of the Borrowers shall have been transferred to the TCB Accounts by wire transfer.
It is hereby acknowledged that, due to the occurrence of the Forbearance Defaults, the Administrative Agent is entitled to foreclose on or collect certain funds and assets of the Borrowers and apply such funds and future revenues deposited in the TCB Accounts to the Obligations under the Credit Agreement.
Notwithstanding such fact, the Borrowers shall be permitted during the Forbearance Period to use such funds and future revenues deposited in the TCB Accounts for Proper Purposes; provided, however that the Borrowers shall not, during the Forbearance Period, in any way use such funds and future revenues deposited in the TCB Accounts for the purpose of drilling any new oil or gas wells.
Banks agree not to offset amounts in the TCB Accounts against the Obligations prior to the occurrence of a Termination Event.