Example ContractsClausesAccount Control Agreement
Account Control Agreement
Account Control Agreement contract clause examples

Control Account. The Register maintained by the Administrative Agent pursuant to Section 14.1(c) shall include a control account, and a subsidiary account for each Lender, in which accounts (taken together) shall be recorded # the date and amount of each Borrowing made hereunder, the type of Loan comprising such Borrowing and any Eurodollar Interest Period applicable thereto, # the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, # the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder or under the Notes and # the amount of any sum received by the Administrative Agent from the Borrower or the applicable Qualified Borrower hereunder and each Lender’s share thereof.

In connection with entry by the Borrower and certain of its Subsidiaries into a Permitted Factoring Transaction, the Administrative Agent entered into the following (each as amended, restated, supplemented or otherwise modified from time to time, the “MUFG Factoring Documents”) # that certain Intercreditor Agreement, dated as of December 28, 2018, by and among, inter alios, MUFG Bank, Ltd., as the Receivable Agent, the Administrative Agent, as the Revolver Agent, and the Blocked Account Control Party, the Borrower and CACI, Inc. – Federal, a Delaware corporation, and # that certain Deposit Account Control Agreement, dated as of December 28, 2018, by and among the Borrower, the Administrative Agent, as Lender, and Bank of America, N.A., as the Bank. The Lenders hereby acknowledge and ratify the execution and delivery by the Administrative Agent of the MUFG Factoring Documents, authorize the Administrative Agent to perform its obligations under the MUFG Factoring Documents and agree to be bound by the terms of the MUFG Factoring Documents.

Account Control Agreements. Not later than forty-five (45) days after the Tenth Amendment Effective Date (or such longer period as may be approved by the Administrative Agent in its sole discretion), the Loan Parties (other than Loan Parties that are Foreign Subsidiaries) shall not open, maintain or otherwise have any deposit or other account where money or securities are or may be deposited or maintained with any Person, other than # foreign accounts, # deposit accounts or securities accounts that are maintained at all times with depositary institutions or financial institutions, as applicable, as to which the Administrative Agent shall have received an agreement, among a Loan Party, a depository institution or securities intermediary and the Administrative Agent, which agreement is in form and substance acceptable to the Administrative Agent and which provides the Administrative Agent with “control” (as

Account Control Agreements. Each of the Loan Parties shall not open, maintain or otherwise have any deposit or other accounts (including securities accounts) at any bank or other financial institution, or any other account where money or securities are or may be deposited or maintained with any Person, other than # the accounts set forth on [Schedule 6.14] and designated as unrestricted accounts; provided that the aggregate balance in all such accounts does not exceed $1,000,000, # deposit accounts that are maintained at all times with depositary institutions as to which Agent shall have received a Qualifying Control Agreement; provided that a Qualifying Control Agreement shall only be required for deposit accounts that are maintained with Agent if requested by Agent or any Lender, # securities accounts that are maintained at all times with financial institutions as to which Agent shall have received, if requested, a Qualifying Control Agreement; provided that a Qualifying Control Agreement shall only be required for securities accounts that are maintained with Agent if requested by Agent or any Lender, # deposit accounts established solely as payroll and other zero balance deposit accounts that are maintained with [[Agent:Organization]] or with any successor Administrative Agent, and # other deposit or securities accounts, so long as at any time the aggregate balance in all such accounts does not exceed $250,000.

Deposit Account Control. The Borrower shall cause each of its Deposit Accounts (other than # any Deposit Account that is a payroll, withholding tax, or tax trust or fiduciary account, so long as the Borrower and its Subsidiaries do not deposit or maintain funds in such payroll accounts or tax accounts in excess of amounts necessary to satisfy current payroll liabilities, payroll taxes or other wage and benefit payments, and # any Deposit Account that Administrative Agent determines is not material) to be a Controlled Account.

Account Control Agreements. Subject to [Section 6.18], each of the Loan Parties shall not open, maintain or otherwise have any deposit or other accounts (including securities accounts) at any bank or other financial institution, or any other account where money or securities are or may be deposited or maintained with any Person, other than # deposit accounts that are

2.01Commitments and Applicable Percentages

Control Agreement. A Collateral Account Control Agreement, duly executed and delivered by the Borrower, the Administrative Agent and State Street Bank and Trust Company.

Control Agreement. A Collateral Account Control Agreement, duly executed and delivered by the Borrower, the Administrative Agent and State Street Bank and Trust Company.

Control Agreement. A Collateral Account Control Agreement, duly executed and delivered by the Borrower, the Administrative Agent and State Street Bank and Trust Company.

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