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The Collateral Account Control Agreement is a critical document in secured financing transactions under U.S. law. It is used when a lender requires a security interest in a deposit or securities account as collateral. The agreement satisfies the UCC's control requirements for perfection of a security interest in deposit accounts and securities accounts. It establishes the mechanism by which the secured party can exercise control over the account, typically through a notice of exclusive control, and defines the account bank's obligations in responding to such instructions. The agreement is essential in many financing structures, including loan facilities, structured finance transactions, and securities lending arrangements.

1. Parties: Identification of secured party, debtor, and account bank

2. Background: Context of the security arrangement and reference to related agreements

3. Definitions: Key terms used throughout the agreement including references to UCC, securities laws, and banking regulations

4. Account Control: Provisions establishing control over the account in accordance with UCC Article 9

5. Security Interest: Declaration and perfection of security interest under UCC requirements

6. Account Bank's Rights and Responsibilities: Obligations and rights of the account bank including compliance with banking regulations

7. Notice of Exclusive Control: Process and effects of implementing exclusive control over the account

8. Representations and Warranties: Standard representations by all parties regarding authority, enforceability, and compliance

9. Termination: Conditions and process for terminating the agreement including bankruptcy considerations