Common use of Current Account Clause in Contracts

Current Account. The Administrative Agent shall deposit into the Current Account (i) Additional Borrowing Amounts pursuant to Section 4.2(b)(ii) and (ii) amounts on deposit in the Revenue Account as specified in Section 8.12(a).

Appears in 3 contracts

Samples: Credit Agreement (Flag Telecom Holdings LTD), Credit Agreement (Global Telesystems Group Inc), Credit Agreement (Flag Telecom Holdings LTD)

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Current Account. The Administrative Agent shall deposit into the Current Account (i) Additional Borrowing Amounts pursuant to Section 4.2(b)(ii) and (ii) amounts on deposit in the Revenue Account as specified in Section 8.12(a8.11(a).

Appears in 1 contract

Samples: Credit Agreement (Flag Telecom Holdings LTD)

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