Common use of Controlled Account Clause in Contracts

Controlled Account. any of the provisions of the Control Agreement shall, for any reason cease to be valid, binding and enforceable in accordance with its terms or the Controlled Account or any funds therein are subject to any Lien or other rights of a Person other than (i) the Lien in favor of the Administrative Agent and the Second Lien Administrative Agent, (ii) the Liens permitted under Section 6.01(b), (iii) Lien in favor of the depository bank in accordance with the terms of the Control Agreement, and (iv) the rights of the Borrower to the funds held therein subject to the restrictions in Section 6.25 and the terms thereof;

Controlled Account. any Any of the provisions of the Blocked Account Control Agreement shall, for any reason cease to be valid, binding and enforceable in accordance with its terms or the Controlled Account or any funds therein are subject to any Lien or other rights of a Person other than (i) the Lien in favor of the Administrative Agent and the Second Lien Administrative Agent, (ii) the Liens permitted under Section 6.01(b), (iii) Lien in favor of the depository bank in accordance with the terms of the Blocked Account Control Agreement, and (iv) the rights of the Borrower to the funds held therein subject to the restrictions in Section 6.25 and the terms thereof;