Cash Concentration Accounts. Maintain, and cause each of its US Subsidiaries to maintain, main cash concentration accounts with Bank of America and lockbox accounts into which all proceeds of Collateral are paid with Bank of America or 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 (Colfax CORP)
Cash Concentration Accounts. Maintain, and cause each of its US Subsidiaries to maintain, main cash concentration accounts with Bank of America and lockbox accounts into which all proceeds of Collateral are paid with Bank of America or 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.. Colfax Credit Agreement 10/19/2011xxxx://xxx.xxx.xxx/Archives/xxxxx/data/1420800/000119312508113306/dex101.htm
Appears in 1 contract
Samples: Credit Agreement
Cash Concentration Accounts. Maintain, and cause each of its US Subsidiaries to maintain, main cash concentration accounts with Bank of America or one or more banks reasonably acceptable to the Administrative Agent that have entered into control agreements satisfactory to the Administrative Agent and lockbox accounts into which all proceeds of Collateral are paid with Bank of America or one or more banks reasonably acceptable to the Administrative Agent that have accepted the assignment of such accounts accountsentered into control agreements satisfactory to the Administrative Agent for the benefit of the Secured Parties pursuant to the Security Agreement.. Colfax Credit Agreement
Appears in 1 contract
Samples: Credit Agreement (Colfax CORP)
Cash Concentration Accounts. Maintain, and cause each of its US Subsidiaries to maintain, main cash concentration accounts with Bank of America and lockbox accounts into which all proceeds of Collateral are paid with Bank of America or 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.. Colfax Credit Agreement
Appears in 1 contract
Samples: Credit Agreement