Blocked Account
Blocked Account. Agent and Lenders hereby consent to the -------------------------- non-compliance with the provision of Section (c) of Annex C (Section 1.8) to the Credit Agreement that requires each bank where a Blocked Account or Disbursement Account is maintained and all other Relationship Banks to have entered into a tri-party blocked account agreement with Agent, for the benefit of itself and Lenders, within ninety (90) days following the Closing Date; provided, that, ...
View More
Found in
UNITED ROAD SERVICES INC contract
Blocked Account. Means an account established by a Borrower with a financial institution acceptable to Lender subject to a control agreement in form and substance satisfactory to Lender.
Blocked Account. The account at the Account Bank subject to the Control Account Agreement.
Blocked Account. Shall mean that certain deposit account established in the name of the Pledgor at the Depository Bank with account number 217560, together with any substitute or replacement account thereof.
Found in
MRU HOLDINGS INC contract
Blocked Account. (a) account number 35698800002667 of Pledgor with Depository Bank, and (b) all cash, instruments, certificates of deposit (whether certificated or uncertificated), and other cash equivalents of Pledgor held in such account from time to time, including but not limited to any interest earned on any of the foregoing
Found in
Mecklermedia Corp contract
Blocked Account. Shall have the meaning ascribed to such term in the Purchase Agreement (as defined in the Debentures).
Found in
MICT, Inc. contract
Blocked Account. Each Deposit Account that is subject to a Control Agreement
All Definitions
Found in
Neff Corp contract