Controlled Accounts. (a) On or prior to the date hereof, the Borrower shall cause to be established and maintained, a deposit account at the Collection Account Bank, in the name of the Borrower, designated as the Collection Account, as to which the Collateral Agent has control for the benefit of the Secured Parties within the meaning of Section 9-104(a)(2) of the UCC pursuant to the Collection Account Control Agreement. The Collection Account Control Agreement shall provide that all funds on deposit in the Collection Account will be remitted to the Disbursement Account on each Business Day.
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Samples: Revolving Credit Agreement (OppFi Inc.), Revolving Credit Agreement (OppFi Inc.)
Controlled Accounts. (a) On or prior to the date hereof, the Borrower shall cause to be established and maintained, a deposit account at the Collection Account Bank, in the name of the Borrower, designated as the Collection Account, as to which the Collateral Agent has control for the benefit of the Secured Parties within the meaning of Section 9-104(a)(2) of the UCC pursuant to the Collection Account Control Agreement. The Collection Account Control Agreement shall provide that all available funds on deposit in the Collection Account will be remitted to the Disbursement Account on each Business Day.
Appears in 2 contracts
Samples: Revolving Credit Agreement (OppFi Inc.), Revolving Credit Agreement (OppFi Inc.)
Controlled Accounts. (a) On or prior to the date hereof, the Borrower shall cause to be established and maintained, a certain deposit account accounts at the Collection Account Bank, in the name of the Borrower, each designated as the a Collection Account, as to which the Collateral Agent has control for the benefit of the Secured Parties within the meaning of Section 9-104(a)(2) of the UCC pursuant to the a Collection Account Control Agreement. The Each Collection Account Control Agreement shall provide that all funds on deposit in the a Collection Account will be remitted to the applicable Disbursement Account on each Business Day.
Appears in 2 contracts
Samples: Revolving Credit Agreement (OppFi Inc.), Revolving Credit Agreement (OppFi Inc.)
Controlled Accounts. (a) On or prior to the date hereof, the Borrower shall cause to be established and maintained, a deposit account at the Collection Account Bank, in the name of the Borrower, designated as the Collection Account, as to which the Collateral Administrative Agent has control for the benefit of the Secured Parties within the meaning of Section 9-104(a)(2) of the UCC pursuant to the Collection Account Control Agreement. The Collection Account Control Agreement shall provide that all funds on deposit in the Collection Account will be remitted to the Disbursement Account on each Business Day.
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Controlled Accounts. (a) On or prior to the date hereof, the Borrower shall cause to be established and maintained, a acertain deposit account accountaccounts at the Collection Account Bank, in the name of the Borrower, each designated as the thea Collection Account, as to which the Collateral Agent has control for the benefit of the Secured Parties within the meaning of Section 9-104(a)(2) of the UCC pursuant to the thea Collection Account Control Agreement. The TheEach Collection Account Control Agreement shall provide that all funds on deposit in the thea Collection Account will be remitted to the applicable Disbursement Account on each Business Day.
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Controlled Accounts. (a) On or prior to the date hereof, the Borrower shall cause to be established and maintained, a deposit securities account at the Collection Account Bank, in the name of the Borrower, designated as the Collection Account, as to which the Collateral Agent has control for the benefit of the Secured Parties within the meaning of Section 98-104(a)(2) 106 of the UCC pursuant to the Collection Account Control Agreement. The Collection Account Control Agreement shall provide that all funds on deposit in the Collection Account will be remitted to the Disbursement Account on each Business Day.
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Controlled Accounts. (a) On or prior to the date hereof, the Borrower shall cause to be established and maintained, a deposit account at the each Collection Account Bank, in the name of the Borrower, designated as the a Collection Account, as to which the Collateral Agent has control for the benefit of the Secured Parties within the meaning of Section 9-104(a)(2) of the UCC pursuant to the a Collection Account Control Agreement. The Each Collection Account Control Agreement shall provide that all funds on deposit in the related Collection Account will be remitted to the Disbursement Account on each Business Day.
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Controlled Accounts. (a) On or prior to the date hereof, the Borrower shall cause to be established and maintained, a deposit account at the a Collection Account Bank, in the name of the Borrower, designated as the βCollection Accountβ, as to which the Collateral Administrative Agent has control for the benefit of the Secured Parties Lenders within the meaning of Section 9-104(a)(2) of the UCC pursuant to the Collection Account Control Agreement. The Collection Account Control Agreement shall provide that all funds on deposit in the Collection Account will be remitted to the Disbursement Account on each Business Day.
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Controlled Accounts. (a) On or prior to the date hereof, the Borrower shall cause to be established and maintained, a certain deposit account accounts at the Collection Account Bank, in the name of the Borrower, each designated as the a Collection Account, as to which the Collateral Agent has control for the benefit of the Secured Parties within the meaning of Section 9-104(a)(2) of the UCC pursuant to the a Collection Account Control Agreement. The Each Collection Account Control Agreement shall provide that all funds on deposit in the a Collection Account will be remitted to the Disbursement Account on each Business Day.
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