Blocked Account Agreements definition

Blocked Account Agreements has the meaning set forth in Section 2.22(c).

Blocked Account Agreements means agency agreements with the banks maintaining deposit accounts of any of the Loan Parties where funds from one or more DDAs are concentrated, which agreements shall be in form and substance reasonably satisfactory to the Administrative Agent.

Blocked Account Agreements has the meaning set forth in Section 2.21(c).

Examples of Blocked Account Agreements in a sentence

• Executed copies of the Blocked Account Agreements relating to each of the Blocked Accounts.

• Open new DDAs unless the Loan Parties shall have delivered to the Agent appropriate Blocked Account Agreements.

• Open new DDAs, Blocked Accounts, or Concentration Accounts unless the Loan Parties shall have delivered to the Administrative Agent appropriate DDA Notifications or Blocked Account Agreements consistent with the provisions of Section 6.13 and otherwise reasonably satisfactory to the Administrative Agent.

• In accordance with the terms of the Blocked Account Agreements, all of the Ben Moss receipts deposited to the Blocked Accounts are automatically swept to Salus Capital’s collection accounts.

• Each Borrower shall further execute and deliver, and shall cause each Guarantor to execute and deliver, such agreements and documents as Collateral Agent may reasonably require in connection with such Blocked Accounts and such Blocked Account Agreements.

More Definitions of Blocked Account Agreements

Blocked Account Agreements shall have the meaning set forth in Section 7.1(a).

Blocked Account Agreements means the deposit account control agreements, three party agreements, and other similar agreements listed on the Security Schedule.

Blocked Account Agreements shall have the meaning ascribed thereto in subsection 3.5.

Blocked Account Agreements means agency agreements with respect to an account established by a Borrower, in form and substance satisfactory to the Agent, establishing control (as defined in the UCC) of such account by the Agent and whereby the bank maintaining such account agrees, upon the occurrence and during the continuance of a Cash Dominion Event, to comply only with the instructions originated by the Agent without the further consent of any Borrower.

Blocked Account Agreements shall have the meaning assigned to it in Annex B.

Blocked Account Agreements shall have the meaning ascribed thereto in SUBSECTION 3.5.

Blocked Account Agreements has the meaning assigned to such term in subsection 5.6.