Common use of Account Identification Clause in Contracts

Account Identification. This Control Agreement applies to the Existing ---------------------- Accounts and to each other account (except any Securitization Deposit Account or Imprest/Payroll Account, as defined below) now or hereafter established with the Depositary Institution by or on behalf of the Borrower or any Subsidiary Grantor, including all funds on deposit therein or credited thereto (the Existing Accounts and such other accounts (excluding the Securitization Deposit Accounts and the Imprest/Payroll Accounts) being referred to collectively as the "Deposit Accounts"). All parties agree that each Deposit Account is a "deposit account" within the meaning of Article 9 of the Uniform Commercial Code (the "UCC") of the State of North Carolina (the "State"). The Depositary Institution agrees to deliver written notice to the Priority Collateral Agent of the establishment by the Borrower or any Subsidiary Grantor of any account other than the Existing Accounts.

Appears in 1 contract

Samples: Credit Agreement (Cone Mills Corp)

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Account Identification. This Control Agreement applies to the Existing ---------------------- Accounts and to each other account (except any Securitization Deposit Account or Imprest/Payroll Account, as defined below) now or hereafter established with the Depositary Institution by or on behalf of the Borrower or any Subsidiary Grantor, including all funds on deposit therein or credited thereto (the Existing Accounts and such other accounts (excluding the Securitization Deposit Accounts and the Imprest/Payroll Accounts) being referred to collectively as the "Deposit Accounts"). All parties agree that each Deposit Account is a "deposit account" within the meaning of Article 9 of the Uniform Commercial Code (the "UCC") of the State of North Carolina (the "State"). The Depositary Institution agrees to deliver written notice to the Priority General Collateral Agent and the Designated Collateral Subagent of the establishment by the Borrower or any Subsidiary Grantor of any account other than the Existing Accounts.

Appears in 1 contract

Samples: Credit Agreement (Cone Mills Corp)

Account Identification. This Control Agreement applies to the Existing ---------------------- Accounts and to each other account (except any Securitization Deposit Account or Imprest/Payroll Account, as defined below) now or hereafter established with the Depositary Institution by or on behalf of the Borrower or any Subsidiary Grantor, including all funds on deposit therein or credited thereto (the Existing Accounts and such other accounts (excluding the Securitization Deposit Accounts and the Imprest/Payroll Accounts) being referred to collectively as the "Deposit Accounts"). All parties agree that each Deposit Account is a "deposit account" within the meaning of Article 9 of the Uniform Commercial Code (the "UCC") of the State of North Carolina (the "State"). The Depositary Institution Each of the Borrower and each Subsidiary Grantor agrees to deliver written notice to the Priority General Collateral Agent and the Designated Collateral Subagent of the establishment by the Borrower or any Subsidiary Grantor of any account other than the Existing Accounts.

Appears in 1 contract

Samples: Credit Agreement (Cone Mills Corp)

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Account Identification. This Control Agreement applies to the Existing ---------------------- Accounts and to each other account (except any Securitization Deposit Account or Imprest/Payroll Account, as defined below) now or hereafter established with the Depositary Institution by or on behalf of the Borrower or any Subsidiary Grantor, including all funds on deposit therein or credited thereto (the Existing Accounts and such other accounts (excluding the Securitization Deposit Accounts and the Imprest/Payroll Accounts) being referred to collectively as the "Deposit Accounts"). All parties agree that each Deposit Account is a "deposit account" within the meaning of Article 9 of the Uniform Commercial Code (the "UCC") of the State of North Carolina (the "State"). The Depositary Institution Each of the Borrower and each Subsidiary Grantor agrees to deliver written notice to the Priority Collateral Agent of the establishment by the Borrower or any Subsidiary Grantor of any account other than the Existing Accounts.

Appears in 1 contract

Samples: Credit Agreement (Cone Mills Corp)

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