Controlled Deposit Accounts definition

Controlled Deposit Accounts means Deposit Accounts that are subject to the “control” of the Collateral Agent.

Controlled Deposit Accounts has the meaning specified in Section 6.11.

Controlled Deposit Accounts means each Deposit Account that is not an Excluded Deposit Account.

Examples of Controlled Deposit Accounts in a sentence

• To the extent required pursuant to Section 5.01 of this Agreement, all of the deposit accounts of each Grantor are, and all cash and money of each Grantor is held in, Controlled Deposit Accounts.

• Except as permitted pursuant to Section 5.1(a) of this Agreement, all of the Deposit Accounts of each Grantor are, and all cash and Money of each Grantor is held in, Controlled Deposit Accounts.

• Maintain at all times Deposit Account Control Agreements that comply with the requirements set forth in Section 8.5 with respect to all Controlled Deposit Accounts.

• Each Group Member (other than Excluded Foreign Subsidiaries) shall deposit all payments received by it in one or more deposit accounts that are Controlled Deposit Accounts; provided, however, that each such Group Member may maintain zero-balance deposit accounts for the purpose of managing local disbursements and may maintain payroll, withholding tax and other fiduciary accounts.

• At no time shall the sum of (a) the aggregate amount of cash on hand in the Borrower’s Controlled Deposit Accounts, plus (b) Availability, be less than $1,000,000.00.

More Definitions of Controlled Deposit Accounts

Controlled Deposit Accounts means each Commercial Deposit Account, Operating Account, and if applicable, the master collections account established by a Borrower in accordance with Section 2.5(b).

Controlled Deposit Accounts means each of the Deposit Accounts identified on Schedule IV hereto. "Copyright Collateral" means all copyrights of any Grantor, whether statutory or common law, registered or unregistered and whether published or unpublished, now or hereafter in force throughout the world including all of such Grantor's right, title and interest in and to all copyrights registered in the United States Copyright Office or anywhere else in the world, and registrations and recordings thereof and all applications for registration thereof, whether pending or in preparation, all copyright licenses, the right to xxx for past, present and future infringements of any of the foregoing, all rights corresponding thereto, all extensions and renewals of any thereof and all proceeds of the foregoing, including licenses, royalties, income, payments, claims, damages and proceeds of suit.

Controlled Deposit Accounts means the following bank account of a Credit Party subject to a deposit account control agreement as required by the Lender: US Bank, 000 Xxxxxx Xxxxxx, Grand Forks, ND 58201 – Account #163070886912.

Controlled Deposit Accounts. Each Lien Grantor represents, warrants and covenants as follows:”

Controlled Deposit Accounts means the following bank account of a Credit Party subject to a deposit account control agreement as required by the Lender: US Bank, 600 Demers Avenue, Grand Forks, ND 58201 – Account #163070886912.

Controlled Deposit Accounts means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

Controlled Deposit Accounts has the meaning specified in the Preliminary Statements.