Common use of Administration of Deposit Accounts Clause in Contracts

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by Obligors, including all Dominion Accounts. Each Obligor shall take all actions necessary to establish Agent’s control over each such Deposit Account (other than Excluded Deposit Accounts). Each Obligor shall be the sole account holder of each Deposit Account and shall not allow any Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 5 contracts

Samples: Loan and Security Agreement (Summer Infant, Inc.), Loan and Security Agreement (Summer Infant, Inc.), Term Loan and Security Agreement (Summer Infant, Inc.)

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Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by ObligorsBorrowers, including all Dominion Accounts. Each Obligor Borrower shall take all actions necessary to establish Agent’s control over of each such Deposit Account (other than Excluded Deposit Accountsan account exclusively used for payroll, payroll taxes or employee benefits). Each Obligor A Borrower shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor Borrower shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 3 contracts

Samples: Loan and Security Agreement (Clearwater Paper Corp), Loan and Security Agreement (Clearwater Paper Corp), Loan and Security Agreement (Potlatch Forest Products CORP)

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by ObligorsObligors as of the Closing Date (or, including all Dominion Accountsafter any update to such Schedule 8.5 in accordance with the last sentence of this Section 8.5, as of the date of such amendment). Each Obligor shall take all actions necessary to establish Agent’s control over each such Deposit (pursuant to an Account (other than Excluded Deposit Accounts). Each Obligor shall be the sole account holder Control Agreement) of each Deposit Account and shall not allow any Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.than:

Appears in 3 contracts

Samples: Loan and Security Agreement (Bon Ton Stores Inc), Loan and Security Agreement (Bon Ton Stores Inc), Loan and Security Agreement (Bon Ton Stores Inc)

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by ObligorsBorrowers, including all Dominion Accounts. Each Obligor Borrower shall take all actions necessary to establish Agent’s control over of each such Deposit Account (other than Excluded Deposit Accountsan account exclusively used for payroll, payroll taxes or employee benefits, or an account containing not more that $10,000 at any time). Each Obligor Borrower shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor Borrower shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 3 contracts

Samples: Loan and Security Agreement (Arctic Cat Inc), Loan and Security Agreement (Agilysys Inc), Loan and Security Agreement (Modtech Holdings Inc)

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by ObligorsBorrowers, including all Dominion Accounts. Each Obligor Borrower shall take all actions necessary to establish Agent’s control over of each such Deposit Account (other than Excluded Deposit Accountsan account exclusively used for payroll, payroll taxes or employee benefits, or an account containing not more than $10,000 at any time). Each Obligor Borrower shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor Borrower shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 3 contracts

Samples: Loan and Security Agreement (Houston Wire & Cable CO), Loan and Security Agreement (Conns Inc), Loan and Security Agreement (Houston Wire & Cable CO)

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by ObligorsBorrowers. Subject to Section 6.3(b), including all Dominion Accounts. Each Obligor each Borrower shall take all actions necessary to establish Agent’s control over of each such Deposit Account (other than an account constituting an Excluded Deposit AccountsAsset). Each Obligor Borrower shall be the sole account holder of each such Deposit Account and shall not allow any other Person (other than Agent) to have control over a such Deposit Account or any Property deposited therein. Each Obligor Borrower shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 2 contracts

Samples: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.)

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by Obligors, including all Dominion Accounts. Each Obligor shall take all actions necessary to establish Agent’s control over of each such Deposit Account (other than Excluded (a) an account exclusively used for payroll, payroll taxes or employee benefits, and (b) any account containing not more that $10,000 at any time) pursuant to a Deposit Accounts)Account Control Agreement. Each Obligor The Obligors shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 2 contracts

Samples: Credit Agreement (Covenant Transportation Group Inc), Credit Agreement (Covenant Transportation Group Inc)

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by ObligorsBorrowers, including all Dominion Accounts. Each Obligor Borrower shall take all actions necessary to establish Agent’s control over of each such Deposit Account (other than Excluded Deposit Accountsan account exclusively used for payroll, payroll taxes or employee benefits, or up to ten accounts containing not more than $25,000 each, at any time). Each Obligor Borrower shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than Agent and PP&E Agent, subject to the terms of the Intercreditor Agreement) to have control over a Deposit Account or any Property deposited therein. Each Obligor Borrower shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 2 contracts

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.), Credit Agreement (Calumet Specialty Products Partners, L.P.)

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by ObligorsBorrowers. Subject to Section 6.4(b), including all Dominion Accounts. Each Obligor each Borrower shall take all actions necessary to establish Agent’s control over of each such Deposit Account (other than an account constituting an Excluded Deposit AccountsAsset). Each Obligor Borrower shall be the sole account holder of each such Deposit Account and shall not allow any other Person (other than Agent) to have control over a such Deposit Account or any Property deposited therein. Each Obligor Borrower shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 2 contracts

Samples: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.)

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by ObligorsBorrowers, including all Dominion Accounts. Each Obligor Borrower shall take all actions necessary to establish Agent’s control over of each such Deposit Account (other than an Excluded Deposit AccountsAccount). Each Obligor Borrower shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor Borrower shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 1 contract

Samples: Loan and Security Agreement (Conns Inc)

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Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by ObligorsBorrowers, including all Dominion Accounts. Each Obligor US Borrower shall take all actions necessary to establish Agent’s control over of each such Deposit Account (other than Excluded Deposit Accounts). Each Obligor Borrower shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor Borrower shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 1 contract

Samples: Loan and Security Agreement (Nautilus, Inc.)

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by ObligorsBorrowers, including all Dominion AccountsAccounts as of the Restatement Effective Date. Each Obligor Borrower shall take all actions necessary to establish Agent’s control over of each such Deposit Account (other than Excluded Deposit Accountsan account exclusively used for payroll, payroll taxes, taxes, or employee benefits or an account containing not more than $10,000 at any time (subject to the limitations in Section 8.2.5)). Each Obligor Borrower shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than Agent and Second Lien Note Collateral Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor Borrower shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 1 contract

Samples: Loan and Security Agreement (Commercial Vehicle Group, Inc.)

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by Obligors, including all Dominion Accounts. Each Obligor shall take all actions necessary to establish Agent’s control over of each such Deposit Account and investment account (other than Excluded Deposit Accounts). Each Obligor shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 1 contract

Samples: Loan and Security Agreement (Spherion Corp)

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by ObligorsBorrowers, including all Dominion AccountsAccounts as of the Effective Date. Each Obligor Borrower shall take all actions necessary to establish Agent’s control over of each such Deposit Account (other than Excluded Deposit Accountsan account exclusively used for payroll, payroll taxes, taxes, or employee benefits or an account containing not more than $10,000 at any time (subject to the limitations in Section 8.2.5)). Each Obligor Borrower shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than Agent and Second Lien Note Collateral Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor Borrower shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 1 contract

Samples: Loan and Security Agreement (Commercial Vehicle Group, Inc.)

Administration of Deposit Accounts. Schedule 8.5 (as amended pursuant to this Section 8.5 from time to time) sets forth all Deposit Accounts maintained by Obligors, including all Dominion Accounts. Each Obligor shall take all actions necessary Subject to establish Agent’s control over each such Deposit Account (other than Excluded Deposit AccountsSection 6.3(e). Each Obligor shall be the sole account holder of each such Deposit Account and shall not allow any other Person (other than Agent) to have control over a such Deposit Account or any Property deposited therein. Each Obligor shall promptly notify Agent of any opening or closing of a Deposit Account (other than any Excluded Account) and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Appears in 1 contract

Samples: Loan and Security Agreement (Habit Restaurants, Inc.)

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