Common use of DDAs Clause in Contracts

DDAs. (a) Schedule 5.17 sets forth all present DDAs, and includes, with respect to each depository (i) the name and address of that depositary; (ii) the account number(s) of the account(s) maintained with such depositary; (iii) a contact person at such depositary; and (iv) the telephone number of the contact person. (b) Borrowers will not establish any DDA hereafter unless Borrowers, contemporaneous with such establishment, delivers to Agent a control agreement (in form satisfactory to Agent) executed on behalf of the depositary in favor of Agent with which such DDA is being established.

Appears in 2 contracts

Sources: Loan and Security Agreement (Fao Inc), Loan and Security Agreement (Right Start Inc /Ca)

DDAs. (a) Schedule SCHEDULE 5.17 sets forth all present DDAs, and includes, with respect to each depository (i) the name and address of that depositarydepository; (ii) the account number(s) of the account(s) maintained with such depositarydepository; (iii) a contact person at such depositarydepository; and (iv) the telephone number of the contact person. (b) Borrowers Borrower will not establish any DDA hereafter unless BorrowersBorrower, contemporaneous with such establishment, delivers to Agent a control an agreement (in form satisfactory to Agent) executed on behalf of the depositary in favor of Agent depository with which such DDA is being established.

Appears in 1 contract

Sources: Loan and Security Agreement (Gantos Inc)

DDAs. (a) Schedule 5.17 sets forth all present DDAs, and includes, with respect to each depository (i) the name and address of that depositarydepository; (ii) the account number(s) of the account(s) maintained with such depositarydepository; (iii) a contact person at such depositarydepository; and (iv) the telephone number of the contact person. (b) Borrowers Borrower will not establish any DDA hereafter unless BorrowersBorrower, contemporaneous with such establishment, delivers to Agent a control agreement (in form satisfactory to Agent) executed on behalf of the depositary depository in favor of Agent with which such DDA is being established.

Appears in 1 contract

Sources: Loan and Security Agreement (Right Start Inc /Ca)

DDAs. (a) Schedule 5.17 sets forth all present DDAs, and includes, with respect to each depository (i) the name and address of that depositary; depository and (ii) the account number(s) of the account(s) maintained with such depositary; (iii) a contact person at such depositary; and (iv) the telephone number of the contact persondepository. (b) Borrowers Borrower will not establish any DDA hereafter unless BorrowersBorrower, contemporaneous with such establishment, delivers to Agent a control an agreement (in form satisfactory to Agent) executed on behalf of the depositary in favor of Agent depository with which such DDA is being established.

Appears in 1 contract

Sources: Loan and Security Agreement (Factory Card Outlet Corp)

DDAs. (a) Schedule 5.17 sets forth all present DDAs, and includes, with respect to each depository (i) the name and address of that depositarydepository; (ii) the account number(s) of the account(s) maintained with such depositarydepository; (iii) a contact person at such depositarydepository; and (iv) the telephone number of the contact person. (b) Borrowers Borrower will not establish any DDA hereafter unless BorrowersBorrower, contemporaneous with such establishment, delivers to Agent a control an agreement (in form satisfactory to Agent) executed on behalf of the depositary in favor of Agent depository with which such DDA is being established.

Appears in 1 contract

Sources: Loan and Security Agreement (Franks Nursery & Crafts Inc)