Common use of Blocked Account Agreements Clause in Contracts

Blocked Account Agreements. The Company shall, within sixty (60) days after the date hereof, enter into control agreements (each a “Blocked Account Agreement”), with the Term Collateral Agent and any bank with which the Company maintains a Deposit Account, to the extent required pursuant to Section 2.21 of the ABL Credit Agreement.

Appears in 3 contracts

Samples: Security Agreement (American Tire Distributors Holdings, Inc.), Security Agreement (ATD Corp), Security Agreement (ATD Corp)

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Blocked Account Agreements. The Company shall, within sixty (60) days after the date hereof, enter into control agreements (each a “Blocked Account Agreement”), with the Term Notes Collateral Agent and any bank with which the Company maintains a Deposit Account, to the extent required pursuant to Section 2.21 of the ABL Credit AgreementFacility.

Appears in 1 contract

Samples: Security Agreement (Am-Pac Tire Dist. Inc.)

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