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Sample Deposit Account Control Agreement

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 May 22, 2018 by Fusion Connect, Inc., a Delaware corporation (“Borrower”), Wilmington Trust, National Association, a national banking association (First Lien Secured Party) and East West Bank, a California banking company (“Deposit Holder”) ,. . .