Administrative Agent’s Account. The Borrowers and the Administrative Agent shall establish a Collateral Account and each Borrower shall execute any documents and agreements, including the Administrative Agent’s standard form assignment of deposit accounts, that the Administrative Agent reasonably requests in connection therewith to establish the Collateral Account and grant the Administrative Agent an Acceptable Security Interest in such account and the funds therein. Each Borrower hereby pledges to the Administrative Agent and grants the Administrative Agent a security interest in the Collateral Account, all funds held therein from time to time, and all proceeds thereof as security for the payment of the Obligations. Funds held in the Collateral Account shall be held as cash collateral for the Obligations and promptly applied by the Administrative Agent to any outstanding Obligations for Revolving Advances, Letter of Credit Exposure, or Swing Line Advances that exist or occur. After the occurrence and continuance of an Event of Default, funds held in the Collateral Account shall be held as cash collateral for the Obligations and promptly applied by the Administrative Agent to any outstanding Obligations that exist or occur. Provided that no Default or Event of Default has occurred and is continuing, to the extent that any surplus funds are held in the Collateral Account above the sum of the outstanding Revolving Advance and Swing Line Advances, the Administrative Agent may release to the Borrowers at either Borrower’s written request any funds held in the Collateral Account. The Administrative Agent shall exercise reasonable care in the custody and preservation of any funds held in the Collateral Account and shall be deemed to have exercised such care if such funds are accorded treatment substantially equivalent to that which the Administrative Agent accords its own property, it being understood that the Administrative Agent shall not have any responsibility for taking any necessary steps to preserve rights against any parties with respect to any such funds. Funds held in the Administrative Agent’s Account shall be invested in Cash Equivalents maintained with, and under the sole dominion and control of, the Administrative Agent or in another investment if mutually agreed upon by the Borrowers and the Administrative Agent, but the Administrative Agent shall have no other obligation to make any other investment of the funds therein. The Administrative Agent shall exercise reasonable care ...
Administrative Agent’s Account. Unless otherwise mutually agreed in writing, all transfers of funds to be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set off or counterclaim, to the Administrative Agent at the account maintained and indicated by the Administrative Agent not later than [***] New York City time, on the date on which such payment shall become due (and each such payment made after such time shall be deemed to have been made on the next succeeding Business Day). Seller acknowledges that it has no rights of withdrawal from the foregoing account.
Administrative Agent’s Account. The account of the Administrative Agent maintained by the Administrative Agent with The First National Bank of Chicago at its office at Xxx Xxxxx Xxxxxxxx Xxxxx, Xxxxxxx, Xxxxxxxx 00000, for the account of Northern Telecom, Account No. 0000000, ABA #000000000 (or such other account as the Administrative Agent from time to time may specify).
Administrative Agent’s Account. The account of the Administrative Agent maintained by the Administrative Agent at Citibank at Txx Xxxxx Xxx, Xxxxx 000, Xxx Xxxxxx, Xxxxxxxx 00000, ABA# 000000000, Account No. 30000000, Account Name: NAIB Agency Medium Term Finance/Reference: Waste Management, Attention: Txxx Xxxxxxx, or such other account as may from time to time be designated by the Administrative Agent to the Borrower and the Banks in writing.
Administrative Agent’s Account. The account of the Administrative Agent maintained by the Administrative Agent with [*] at its office at [*], for the account of [*] (or such other account as the Administrative Agent from time to time may specify).
Administrative Agent’s Account. The Deposit Account of Administrative Agent identified on Schedule A-1. Administrative Agent’s Fee Letter. The amended and restated fee letter, dated as of the Closing Date, between the Borrower and the Administrative Agent.
Administrative Agent’s Account. Following the request by the Administrative Agent to the Working Capital Agent to transfer all funds deposited in any Blocked Account to the Administrative Agent’s Account in accordance with Section 5.15(b), so long as no Default or Event of Default has occurred and is continuing (in which case funds shall be applied in accordance with Section 2.15(g)), the Administrative Agent shall apply all funds transferred from the Blocked Accounts and deposited in the Administrative Agent’s Account by the Working Capital Agent, to the payment, in whole or in part, of the outstanding principal amount of the Revolving Loans.
Administrative Agent’s Account. At all times following the Fifth Amendment Effective Date, but subject to Section 5.15(b), so long as no Default or Event of Default has occurred and is continuing (in which case funds shall be applied in accordance with Section 2.15(g), unless Requisite Lenders consent to another application), Administrative Agent shall apply all funds transferred from the Blocked Accounts and deposited in Administrative Agent’s Account by Working Capital Agent, to the payment, in whole or in part, of the outstanding principal amount of the Revolving Loans until all Revolving Loans are paid in full, and then to the payment of the Tranche A Term Loan until the Tranche A Term Loan is paid in full, and then to the payment of the Tranche B Term Loan, until the Tranche B Term Loan is paid in full (in each case, together with accrued interest and fees on the amount prepaid to the date of prepayment and the applicable Make-Whole Amount or Prepayment Premium then due thereon).”
Administrative Agent’s Account. The Administrative Agent will open in its books a special internal account in the name of the Borrower where the following entries will be made:
Administrative Agent’s Account. At all times following the Tenth Amendment Effective Date, but subject to Section 5.15(b), so long as no Default or Event of Default has occurred and is continuing (in which case funds shall be applied in accordance with Section 2.15(g), unless Requisite Lenders consent to another application), Administrative Agent shall apply all funds transferred from the Blocked Accounts and deposited in Administrative Agent’s Account, to the payment, in whole or in part, of the outstanding principal amount of the Tranche B Term Loan, until the Tranche B Term Loan is paid in full and then to the payment of the Revolving Loans (without any permanent reduction of the Revolving Commitment) until all Revolving Loans are paid in full (in each case, together with accrued interest and fees on the amount prepaid to the date of prepayment and the applicable Make-Whole Amount or Prepayment Premium then due thereon).”
