Account Control Agreement

Example Definitions of "Account Control Agreement"
Account Control Agreement. The account control agreement among the Company, the Purchaser and City National Bank of Florida, into which all net proceeds of the sales of Debentures by the Company to the Purchaser shall be deposited and maintained under this Agreement
Account Control Agreement. (i) with respect to each Deposit Account, a control agreement in form and substance reasonably acceptable to the Secured Party and the Company (as amended, restated, supplemented or otherwise modified from time to time) and (ii) with respect to any Securities Account, a control agreement in form and substance reasonably acceptable to the Secured Party and the Company (as amended, restated, supplemented or otherwise modified from time to time); provided that, in each case, such control agreement... shall not permit the Secured Party to exercise control over such account unless an Event of Default has occurred and is continuing. View More
Account Control Agreement. Means the account control agreement executed between the Borrower and the Account Banks around the Effective Date of this Agreement.
All Definitions