Common use of Depository Accounts Clause in Contracts

Depository Accounts. (a) Annexed hereto as EXHIBIT 7.1 is a Schedule of all present DDA’s, which Schedule includes, with respect to each depository (i) the name and address of that depository; (ii) the account number(s) of the account(s) maintained with such depository; and (iii) a contact person at such depository. (b) The Borrowers’ Representative shall deliver to the Administrative Agent, as a condition to the effectiveness of this Agreement: (i) Notifications (in a form satisfactory to the Administrative Agent) executed on behalf of the relevant Loan Party to each depository institution with which any DDA (other than any Exempt DDA and the Operating Account ) is maintained of the Collateral Agent’s Collateral Interest in such DDA. (ii) A Blocked Account Agreement with any depository institution at which: (A) Both a DDA (other than the Operating Account) and the Operating Account are maintained. (B) A deposit account other than solely a DDA is maintained . (iii) An agreement (generally referred to as a “Blocked Account Agreement”), in form satisfactory to the Administrative Agent, with each depository institution at which a Blocked Account is maintained. (c) No Loan Party will establish any DDA hereafter unless, contemporaneously with such establishment, the Borrowers’ Representative provides a notification of the Collateral Agent’s Collateral Interest in such DDA, no Loan Party will establish any deposit account other than a DDA or Exempt DDA, unless the Borrowers’ Representative provides the Administrative Agent with a Blocked Account Agreement.

Depository Accounts. (a) Annexed hereto as EXHIBIT 7.1 7-1 is a Schedule of all present DDA’sDDAs, which Schedule includes, with respect to each depository (i) the name and address of that depository; (ii) the account number(s) of the account(s) maintained with such depository; and (iii) a contact person at such depository. (b) The Borrowers’ Representative To the extent not previously delivered to the Lender, the Borrower shall, and shall cause each Guarantor to, deliver to the Administrative AgentLender, as a condition to the effectiveness of this Agreement: (i) Notifications (in a form satisfactory to the Administrative Agent) Notification, executed on behalf of the relevant Loan Party Borrower or Guarantor, as applicable, to each depository institution with which any DDA is maintained (other than any Exempt DDA and the Operating Account ) is maintained Account), in form reasonably satisfactory to the Lender, of the Collateral AgentLender’s Collateral Interest interest in such DDA. (ii) A Blocked Account Agreement with any depository institution at which: (A) Both a DDA (other than the Operating Account) and the Operating Account are maintained. (B) A deposit account other than solely a DDA is maintained . (iii) An agreement (generally referred to as a “Blocked Account Agreement”), in form reasonably satisfactory to the Administrative AgentLender, with each any depository institution at which a Blocked Account is maintained. (iii) An agreement, in form reasonably satisfactory to the Lender, with any depository institution at which the Operating Account is maintained. (c) No Loan Party will establish any DDA hereafter unless, contemporaneously contemporaneous with such establishment, such Loan Party, delivers to the Borrowers’ Representative provides a notification Lender an agreement (in form satisfactory to the Lender) executed on behalf of the Collateral Agent’s Collateral Interest in depository with which such DDA, no Loan Party will establish any deposit account other than a DDA or Exempt DDA, unless the Borrowers’ Representative provides the Administrative Agent with a Blocked Account Agreementis being established.

Depository Accounts. (a) Annexed hereto as EXHIBIT 7.1 8.1 is a Schedule of all present DDA’s, which Schedule includes, with respect to each depository (i) the name and address of that depository; (ii) the account number(s) of the account(s) maintained with such depository; and (iii) a contact person at such depository. (b) The Borrowers’ Representative shall deliver to the Administrative Agent, as a condition to the effectiveness of this Agreement: (i) Notifications (in a form satisfactory to the Administrative Agent) executed on behalf of the relevant Loan Party to each depository institution with which any DDA (other than any Exempt DDA and the Operating Account ) is maintained of the Collateral Agent’s Collateral Interest in such DDA. (ii) A Blocked Account Agreement with any depository institution at which: (A) Both a DDA (other than the Operating Account) and the Operating Account are maintained. (B) A deposit account other than solely a DDA is maintained maintained. (iii) An agreement (generally referred to as a “Blocked Account Agreement”), in form satisfactory to the Administrative Agent, with each depository institution at which a Blocked Account is maintained. (c) No Loan Party will establish any DDA hereafter unless, contemporaneously with such establishment, the Borrowers’ Representative provides a notification of the Collateral Agent’s Collateral Interest in such DDA, no Loan Party will establish any deposit account other than a DDA or Exempt DDA, unless the Borrowers’ Representative provides the Administrative Agent with a Blocked Account Agreement.