Common use of Blocking Notice Clause in Contracts

Blocking Notice. If at any time upon the occurrence and during the continuance of an Event of Default the Collateral Agent delivers to the Securities Intermediary a Blocking Notice in substantially the form set forth in Exhibit A, the Securities Intermediary agrees that after receipt of such notice, it will cease to follow any instruction with respect to the Securities Account from the Debtor.

Appears in 1 contract

Sources: 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 the Collateral Agent delivers to the Securities Intermediary a Blocking Notice in substantially the form set forth in Exhibit AA hereto, the Securities Intermediary agrees that after receipt of such notice, it will cease to follow any instruction with respect to the Securities Account from the Debtor.

Appears in 1 contract

Sources: Pledge and Security Agreement (MacDermid Group Inc.)

Blocking Notice. If at any time upon the occurrence and during the continuance of an Event of Default the Collateral Agent delivers to the Securities Intermediary a Blocking Notice in substantially the form set forth in Exhibit A, the Securities Intermediary agrees that after receipt of such notice, it will cease to follow any instruction with respect to the Securities Account from the Debtor.. Exhibit A-4

Appears in 1 contract

Sources: Guarantee and Collateral Agreement