Common use of Blocked Account Agreements Clause in Contracts

Blocked Account Agreements. The Blocked Account Agreements are effective to grant to Collateral Agent for the benefit of Lenders an enforceable first priority Security Interest in the Blocked Accounts.

Appears in 3 contracts

Samples: Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp)

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Blocked Account Agreements. The Blocked Account Agreements are effective to grant to Collateral Administrative Agent for the benefit of Lenders an enforceable first priority Security Interest in the Blocked Accounts.

Appears in 3 contracts

Samples: Credit Facilities Agreement (Gtsi Corp), Credit Facilities Agreement (Pomeroy Computer Resources Inc), Credit Facilities Agreement (Pomeroy It Solutions Inc)

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