Blocking Notice. If at any time upon the occurrence and during the continuance of an Event of Default, the Collateral Agent delivers to the Financial Institution a Blocking Notice in substantially the form set forth in Exhibit A, the Financial Institution agrees that after receipt of such notice, it will cease to follow any instruction with respect to the Deposit Account from the Debtor.
Appears in 2 contracts
Sources: Guarantee and Collateral Agreement, Guarantee and Collateral Agreement (AAC Holdings, Inc.)
Blocking Notice. If at any time upon after the occurrence and during the continuance continuation of an Event of Default, Default the Collateral Agent delivers to the Financial Institution a Blocking Notice in substantially the form set forth in Exhibit AA hereto, the Financial Institution agrees that after receipt of such notice, it will cease to follow any instruction with respect to the Deposit Account from the Debtor.
Appears in 1 contract
Sources: Pledge and Security Agreement (MacDermid Group Inc.)