Cash Concentration Accounts. Maintain, and cause each of its Restricted Subsidiaries to maintain, main cash concentration accounts into which all proceeds of Collateral are paid with one or more banks acceptable to the Administrative Agent that have accepted the assignment of such accounts to the Administrative Agent for the benefit of the Secured Parties pursuant to the Security Agreement.
Appears in 4 contracts
Samples: Credit Agreement (Grubb & Ellis Co), Credit Agreement (Grubb & Ellis Co), Credit Agreement (Grubb & Ellis Co)
Cash Concentration Accounts. Maintain, and cause each of its Restricted Subsidiaries to maintain, main cash concentration accounts into which all proceeds of Collateral are paid with one or more banks depositories reasonably acceptable to the Administrative Agent that have accepted complied with the assignment of such accounts to requirements set forth in the Administrative Agent Security Agreement for the benefit of the Secured Parties pursuant to Pledged Banks (as defined in the Security Agreement) with respect to each such account.
Appears in 2 contracts
Samples: Credit Agreement (Trump Entertainment Resorts Holdings Lp), Credit Agreement (Trump Entertainment Resorts Holdings Lp)
Cash Concentration Accounts. Maintain, and cause each of its Restricted Subsidiaries to maintain, main cash concentration accounts into which all proceeds of Collateral are paid with one or more banks depositories reasonably acceptable to the Administrative Agent that have accepted complied with the assignment of such accounts to the Administrative Agent for the benefit of the Secured Parties pursuant to requirements set forth in the Security AgreementAgreement with respect to each such account.
Appears in 1 contract
Samples: Credit Agreement (Trump Entertainment Resorts, Inc.)
Cash Concentration Accounts. Maintain, and cause each of its Restricted Subsidiaries to maintain, main cash concentration accounts into which all proceeds of Collateral are paid with one or more banks acceptable to the Administrative Agent that have accepted the assignment of such accounts to the Administrative Agent for the benefit of the Secured Parties pursuant to the Security Agreement.
Appears in 1 contract
Samples: Credit Agreement (Grubb & Ellis Co)
Cash Concentration Accounts. Maintain, and cause each of its Restricted Subsidiaries to maintain, Maintain main cash concentration accounts and Lockbox Accounts in accordance with the Security Agreement into which all proceeds of Collateral are paid with to one or more banks acceptable to the Administrative Agent that have accepted the assignment of such accounts to the Administrative Agent for the benefit of the Secured Parties pursuant to the Security Agreement.
Appears in 1 contract
