Deposit Accounts with BMO Harris Bank N.A. (as a custodian bank, “Bank”) Numbers: (an “Assigned Account” and, together, the “Assigned Accounts”) An agreement with three drivers comprising a borrower, a lender, and a deposit center or institution known as a Deposit Control Agreement. These three parties play an important role in defining the terms of the DACA agreement. The agreement can also be seen as a useful document for the lender, as it allows the lender to have a safe deposit on the borrower`s deposit accounts with the same bank or another financial institution. Cash is an extremely important guarantee for any financial institution or bank. The lender always wants to get a better return on the borrower`s deposits. It is important to keep in mind when we talk about DACA, which means that it can be in two ways, one blocked by a control agreement that gives the lender full rights to the borrower`s fiduciary account and prohibits the borrower from accessing the funds. The other is Spring, which allows the borrower to access his deposit account (accounts) as long as there is a default situation and the loan (“deposit account”) to the bank, in accordance with an agreement between the bank and the customer, after which the customer has paid the bank the amount of the sum of dollars; This Deposit Account Control Agreement (the “Agreement”) will be entered into on August 8, 2018 between GEE GROUP INC. (“Company”), MGG Investment Group LP (“Lender”) and Bank of America, N.A. (“Bank”) with respect to: January 31, 2013 Current Account Control Agreement between Global Geophysical Services, Inc. (the “Collateral Guarantor”), TPG Specialty Lending, Inc.
as collateral agent for secured lenders (as defined below) (the “Secured Party”) and Citibank, N.A. (the “Custodian Bank”). All references to the UCC refer to the Uniform Commercial Code, which is in effect from time to time in the State of New York. The terms defined during the IP have the same meaning when used here. CDowntnrolol aAdgrAenenmoetanttedoDc.eOporisgitinAactecoeunntittlCemonetnrotlinAgarnenomtaetnetdpcdof.ntrDool wagnrloeaedmAentn,oretaimtebduD rseepmoseint tAocrcount Dfaecpsiomsites siniginmaptulermesenhtaavtieonthoefothoththiserapgarerteiemseonft iinsdteomsntaittye, othf ecotilmlaeteraforaf ls. uIdcehnatisfiseidgnbmy ethnet baynnbotrarotewdecr ontrol lseunbdsetar, nwtiaithllyouctotnhceurbrleonctklyedwditheptissihota. gSreenetmperinotr swhraitltle, nbuatnnnoottastuefdficcieontrtool tahgereceomllaetenrtafol ar cacnoyuonftsleantder. aTgarxepeamyeernitdheanstifsicuacthioonthneurmabdedrrsefsosr.
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