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Account Control Agreement
Account Control Agreement contract clause examples
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Deposit Account Control Agreements. Subject to [Section 7.15(b)] hereof, Deposit Account Control Agreements with respect to each of the Credit Parties’ Deposit Accounts, as may be reasonably required by the Administrative Agent and the Required Lenders.

Enforcement of Account Control Agreements. At any time that a Facility Suspension Event is in effect, the Administrative Agent will be authorized to instruct the Revolver Agent to give notice of exclusive control under any or all Account Control Agreements in accordance with the terms of the Intercreditor Agreement. Once given, any such notice will be irrevocable.

Enforcement of Account Control Agreements. At any time that a Facility Suspension Event is in effect, the Administrative Agent will be authorized to instruct the Revolver Agent to give notice of exclusive control under any or all Account Control Agreements in accordance with the terms of the Intercreditor Agreement. Once given, any such notice will be irrevocable.

Account. Account means a bookkeeping account maintained by the Committee to record the payment obligation of a Participating Employer to a Participant as determined under the terms of the Plan. The Committee may maintain an Account to record the total obligation to a Participant and component Accounts to reflect amounts payable at different times and in different forms. Reference to an Account means any such Account established by the Committee, as the context requires. Accounts are intended to constitute unfunded obligations within the meaning of [Sections 201(2), 301(a)(3) and 401(a)(1)])])] of ERISA.

Account. The bookkeeping account established to record a Participant’s interest in the Plan as provided in Article IV.

Account. The Company shall credit to a bookkeeping account (the “Account”) maintained by the Company for the Participant’s benefit the Restricted Stock Units. On each date that cash dividends are paid on the Shares, the Company will credit the Account with a number of additional Restricted Stock Units equal to the result of dividing # the product of the total number of Restricted Stock Units credited to the Account on the record date for such dividend and the per Share amount of such dividend by # the Fair Market Value of one Share on the date such dividend is paid by the Company to stockholders. The additional Restricted Stock Units shall be or become vested to the same extent as the Restricted Stock Units that resulted in the crediting of such additional Restricted Stock Units.

Account. Account means a bookkeeping account maintained by the Committee to record the payment obligation of a Participating Employer to a Participant as determined under the terms of the Plan. The Committee may maintain an Account to record the total obligation to a Participant and component Accounts to reflect amounts payable at different times and in different forms. Reference to an Account means any such Account established by the Committee, as the context requires. Accounts are intended to constitute unfunded obligations within the meaning of [Sections 201(2), 301(a)(3) and 401(a)(1)])])] of ERISA.

Control Agreements” means collectively, the Lockbox Account Control Agreement, the Securities Account Control Agreement and the Blocked Account Control Agreement.

Control Agreement” means a Deposit Account Control Agreement or Securities Account Control Agreement.

Control Agreement” means a Deposit Account Control Agreement or Securities Account Control Agreement.

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