Creation of Accounts. (a) The Depositary Bank hereby confirms that it has established the following special, segregated, and irrevocable cash collateral accounts in the name of the Party identified below (as further described in Exhibit A and including any subaccounts established thereunder, including each of those referenced on Exhibit A, the “Accounts”; all references to the Accounts shall mean any Account, the Account established with the Depositary Bank or all the Accounts, as the context may require) in the form of non- interest bearing accounts:
Creation of Accounts. (a) The Administrative Agent hereby establishes the following 16 special, segregated and irrevocable cash collateral accounts in the name of the Administrative Agent and for the benefit of the Secured Parties, which accounts shall be maintained by the Administrative Agent at all times until the termination hereof and the payment in full of all Obligations:
Creation of Accounts. Upon the Bank's reasonable request, the -------------------- Borrowers will upon the creation of Accounts, or at such intervals as the Bank may require, provide the Bank with, (i) confirmatory assignment schedules, (ii) copies of customer's invoices, (iii) evidence of shipment or delivery, and (iv) such further schedules, documents and/or information regarding the Accounts as the Bank reasonably may require. The Bank shall have the right to confirm and verify all Accounts and do whatever the Bank reasonably may deem necessary to protect the Bank's interests. The items to be provided under this Section are to be in forms satisfactory to the Bank and executed by the Borrowers and delivered to the Bank, from time to time, solely for the Bank's convenience in maintaining records of the Collateral. The failure to deliver any of such items to the Bank shall not affect, terminate, modify or otherwise limit the Bank's Liens.
Creation of Accounts. In accordance with Section 8.02 of the Amended and Restated Depository Agreement, the Department hereby creates and establishes with the Trust Company, but not within the Treasury of the State of Texas, a number of separate, special trust accounts relating to the Bonds to be known and designated by the respective names set forth on Exhibit “A” attached hereto. Each Account shall correspond to the Trust Indenture Account of the same name.
Creation of Accounts. 10 SECTION 2.03.
Creation of Accounts. Depositary Agent hereby establishes at its office located in New York, New York, the following special, segregated and irrevocable money collateral accounts and sub-accounts within such accounts which shall be maintained at all times
Creation of Accounts. At the request of the Borrower, the Depositary Bank hereby creates the following accounts (collectively, the “Accounts”) and each such Account shall be a “securities account” (as such term is defined in Section 8-501(a) of the UCC), which shall be maintained at all times in accordance with Section 3.4 hereof until the termination of this Agreement or earlier closure of such Account by the Depositary Bank as expressly contemplated herein:
Creation of Accounts. (i) The Liquidating Trustee, on behalf of the Beneficiaries, shall establish and maintain in the name of the Liquidating Trustee at an Eligible Institution a segregated trust account accessible only by the Liquidating Trustee (the "Collection Account") which shall be identified as the "Collection Account for the BFA Liquidation Trust" and shall bear a designation clearly indicating that the funds deposited therein are held on behalf of the Beneficiaries.
Creation of Accounts. (a) The Escrow Agent agrees to establish and maintain two (2) accounts at Citibank, N.A.: (i) a segregated deposit account for the benefit of Holdings, Administrative Agent and Parallel (collectively, the “Holdings Escrow Account”) and (ii) a segregated deposit account for the benefit of Parallel and the Administrative Agent (the “Parallel Deposit Account”). Upon the closing of the Offer, Holdings caused the Commitment Amount to be delivered to the Escrow Agent in accordance with instructions provided by the Escrow Agent, and the Escrow Agent is hereby instructed to deposit the Commitment Amount in the Holdings Escrow Account and to hold in escrow in the Holdings Escrow Account in accordance with this Agreement the Commitment Amount, together with all earnings thereon, if any, after the date hereof (the Commitment Amount, inclusive of all earnings thereon, being referred to as the “Escrow Funds”). The Escrow Agent acknowledged receipt of the Commitment Amount. Whenever and to the extent Escrow Funds are distributed pursuant to the Equity Issuance Instructions provided for in Section 3(a) of this Agreement (the “Distributed Funds”), the Escrow Agent is hereby instructed to deposit such Distributed Funds in the Parallel Deposit Account and to hold in escrow in the Parallel Deposit Account in accordance with this Agreement the Distributed Funds together with all earnings thereon, if any, after the date hereof (the Distributed Funds, inclusive of all earnings thereon, if any, being referred to as the “Deposit Funds”).
Creation of Accounts. 26 6.2 Deposits to the Collection Account.................................................................27 6.3 Deposits in Spread Account; Permitted Withdrawals from Spread Account..........................................................27 6.4 Distributions......................................................................................28 6.5 Moneys To Be Held in Trust.........................................................................29 6.6 Amounts Remaining in Funds and Accounts............................................................29 6.7
