Segregated Bank Accounts. Upon request by the Agent or the Required Lenders following the occurrence of (i) an Acquisition Event of Default (other than an Acquisition Event of Default under Section 11.1(n)) or (ii) any Floor Plan Event of Default with respect to which the remedies described in Section 11.4(c) may be exercised, the Company will immediately establish segregated bank accounts sufficient, in the reasonable judgment of the Agent and the Floor Plan Agent, to separate the proceeds of the Collateral from other sources of cash flow including, without limitation, all cash flow generated from the sale of assets originally purchased by any Borrower with the proceeds of Permitted New Vehicle Floor Plan Indebtedness.
Segregated Bank Accounts. Subject to Clause 6 all money or other property received by the Broker form the Client or from any other person for the account of the Client shall be held by the Broker, and upon receipt of such money or other property by the Broker, shall be segregated from the Broker’s own assets and paid into a segregated bank account.
Segregated Bank Accounts. 75 Section 9.19 Master Franchise Agreements..........................................................75 ARTICLE X. NEGATIVE COVENANTS...................................................................................75 Section 10.1 Indebtedness.........................................................................75 Section 10.2 Liens................................................................................77 Section 10.3 Consolidations and Mergers...........................................................77 Section 10.4 Disposition of Assets................................................................78 Section 10.5 Investments..........................................................................78 Section 10.6 Transactions with Affiliates.........................................................79 Section 10.7 Other Agreements.....................................................................79 Section 10.8 Fiscal Year; Accounting..............................................................79 Section 10.9 Credit Standards.....................................................................80 Section 10.10 Pension Plans........................................................................80 Section 10.11 Capital Expenditures.................................................................80 Section 10.12 Stockholder's Equity.................................................................80 Section 10.13 Restricted Payments..................................................................80 Section 10.14 Fixed Charge Coverage Ratio..........................................................80 Section 10.15 Interest Coverage Ratio..............................................................81 Section 10.16 Senior Leverage Ratio and Total Leverage Ratio.......................................81 Section 10.17 Current Ratio........................................................................81 Section 10.18 Alternative Floor Plan Financing.....................................................81
Segregated Bank Accounts. Upon the occurrence of a Default or Event of Default, the Company will establish segregated bank accounts sufficient, in the reasonable judgment of the Agent and the Floor Plan Agent, to separate the proceeds of the Collateral from other sources of cash flow including, without limitation, all cash flow generated from the sale of assets originally purchased by any Borrower with the proceeds of Permitted New Vehicle Floor Plan Indebtedness.
