Blocked Account Control Agreement definition

Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Collection Account Bank and Lender providing for the exclusive control of the Collection Account and all other Accounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender.

Blocked Account Control Agreement shall have the meaning attributed to such term in the Security Agreement.

Blocked Account Control Agreement means that certain account control agreement, dated as of the date hereof, among the Company, the Administrative Agent and Xxxxx Fargo Bank, National Association.

Examples of Blocked Account Control Agreement in a sentence

• KIEWIT MERIDIAM PARTNERS LLC, as the Borrower By: Name: Title: ANNEX 1 CERTIFICATE(S) DELIVERED TO THE TIFIA LENDER EXHIBIT D FORM OF CONTROL AGREEMENT This Blocked Account Control Agreement (this “Agreement”) is dated as of [●], and entered into by and among KIEWIT MERIDIAM PARTNERS LLC (“Company”), U.S. BANK NATIONAL ASSOCIATION, as collateral agent (in such capacity, “Collateral Agent”) and [●], as depositary bank (in such capacity, “Depositary Bank”).

• Exhibit A l SHIFTING CONTROL NOTICE Date: Pacific Western Bank Address: Attention: Email: Re: Blocked Account Control Agreement dated April 22, 2015 (the “Agreement”) by and among OP Terra Owner LLC (“Company”), Pacific Western Bank (“Lender”) and Pacific Western Bank (“Bank”), relating to Account(s) 1001398278.

• Such Proceeds, when deposited, shall continue to be collateral security for all of the Secured Obligations and shall not constitute payment thereof until applied as hereinafter provided or in the Blocked Account Control Agreement and the Lockbox Control Agreements, as applicable.

• On or before the Initial Funding Date or such later date as the Parties may agree, the Parties shall enter into a Blocked Account Control Agreement with the Account Bank, which Blocked Account Control Agreement will provide for, among other things, the establishment and maintenance of a Blocked Account in accordance with the terms herein and therein.

• Xxxxxxxxxx Title: Executive Director EXHIBIT A to Master Disbursement Agreement Form of Account Control Agreement Blocked Account Control Agreement (“Shifting Control”) AGREEMENT dated as of April [ ], 2011, by and among (the “Company”), JPMorgan Chase Bank, N.A. as administrative agent for the lenders which are parties to the Credit Agreement referred to in the next sentence (“Agent”) and (“Depositary”).

More Definitions of Blocked Account Control Agreement

Blocked Account Control Agreement means an agreement in form and substance reasonably acceptable to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Deposit Account. For purposes of this definition, “Control” means “control” within the meaning of Section 9-104 of the UCC.

Blocked Account Control Agreement means any of (a) the Blocked Account Control Agreement, dated as of December 14, 2016 (as amended, restated, supplemented or otherwise modified from time to time), by and among the Intercreditor Agent, the Account Holder and Green Bank, as the depositary bank, (b) any ACH Sweep Blocked Account Control Agreement, or (c) any blocked account control agreement, by and among the Intercreditor Agent, the relevant account holder and the depositary bank where the related account is held, which is in form and substance reasonably acceptable to the Majority Holders.

Blocked Account Control Agreement means, collectively, any Fully Blocked Account Control Agreement and any Springing Blocked Account Control Agreement.

Blocked Account Control Agreement means that certain account control agreement, dated as of the date hereof, among the Company, the Administrative Agent and Wells Fargo Bank, National Association.

Blocked Account Control Agreement means a blocked account control agreement by and among Borrower, PNC Bank, National Association, as depositary bank and/or securities intermediary, and PNC Bank, National Association, as Agent, all of which shall be in form and substance reasonably satisfactory to Agent and Borrower.

Blocked Account Control Agreement. With respect to any Property Manager Account, an agreement governed by New York law by and among the related Collecting Property Manager, the bank maintaining such Property Manager Account, the Agent and, if applicable, the Borrowers, pursuant to which the Agent obtains “control” of such Property Manager Account within the meaning of the UCC; together with an opinion of counsel to the Borrowers that (a) such agreement, if the Borrowers are party to such agreement, has been duly authorized, executed and delivered by the Borrowers and constitutes their legal, valid, binding and enforceable agreement and (b) the Agent’s the security interest in such account is perfected.

Blocked Account Control Agreement a blocked account control agreement by and among the relevant Loan Party, the relevant depositary bank and/or securities intermediary (which shall be JPMorgan Chase Bank, N.A. or another financial institution reasonably acceptable to the Collateral Agent), and the Collateral Agent, which agreement shall be in form and substance reasonably satisfactory to the Collateral Agent.