Blocking Notice. Ladies and Gentlemen: As referenced in the Deposit Account Control Agreement dated as of , 200 among [NAME OF THE DEBTOR] (the “Debtor”), you and the undersigned (a copy of which is attached), we hereby give you notice of our sole control over deposit account number (the “Deposit Account”) and all funds deposited therein as a result of an Event of Default (as defined in the First Lien Credit Agreement or Second Lien Credit Agreement, as applicable) which is continuing. You are hereby instructed not to accept any direction, instructions or orders with respect to the Deposit Account or the funds deposited therein from the Debtor. You are instructed to deliver a copy of this notice by facsimile transmission to [NAME OF THE DEBTOR]. Very truly yours, ▇▇▇▇▇▇ COMMERCIAL PAPER INC., as [First/Second] Lien Collateral Agent] By: Authorized Signatory / Name: Title: cc: [NAME OF THE DEBTOR] [Letterhead of applicable Collateral Agent] [Date] [Name and Address of Financial Institution] Attention:
Appears in 2 contracts
Sources: First Lien Guarantee and Collateral Agreement (Edgen Murray LTD), Second Lien Guarantee and Collateral Agreement (Edgen Murray LTD)