Common use of Depository Bank Clause in Contracts

Depository Bank. With respect to Deposit Accounts, (i) maintain the Deposit Accounts at the banks (a "DEPOSITORY BANK") described on ANNEX D or such additional depository banks as have complied with ITEM (iv) hereof; (ii) within thirty (30) days of the Closing Date, deliver to each depository bank a letter in the form of ANNEX E hereto with respect to Secured Party's rights in such Deposit Account and use its best efforts to obtain the execution of such letter by each depository bank; (iii) deliver to Secured Party all certificates or instruments, if any, now or hereafter representing or evidencing the Deposit Accounts, accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party; and (iv) notify Secured Party prior to establishing any additional Deposit Accounts and, at the request of Secured Party, obtain from such depository bank an executed letter substantially in the form of ANNEX E and deliver the same to Secured Party.

Appears in 2 contracts

Samples: Credit Agreement (Dobson Sygnet Communications Co), Credit Agreement (Dobson Communications Corp)

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Depository Bank. With respect to any material Deposit Accounts, (i) maintain the Deposit Accounts at the banks (a "DEPOSITORY BANKdepository bank") described on ANNEX Annex D [for such Debtor] or such additional depository banks as have complied with ITEM item (iv) hereof; (ii) within thirty (30) 60 days of the Closing Date, deliver to each depository bank a letter in the form of ANNEX Annex E hereto with respect to Secured Party's rights Rights in such Deposit Account and use its best efforts to obtain the execution of such letter by each depository bank; (iii) deliver to Secured Party all certificates or instruments, if any, now or hereafter representing or evidencing the Deposit Accounts, accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to Secured Party; and (iv) notify Secured Party prior to establishing any additional Deposit Accounts and, at the request of Secured Party, obtain from such depository bank an executed letter substantially in the form of ANNEX Annex E and deliver the same to Secured Party.

Appears in 1 contract

Samples: Credit Agreement (Dobson Communications Corp)

Depository Bank. With respect to Deposit Accounts, (i) maintain the Deposit Accounts at the banks (a "DEPOSITORY BANK") described on ANNEX D or such additional depository banks as have complied with ITEM (ivIV) hereof; (ii) within thirty (30) days of the Closing Date, deliver to each depository bank a letter in the form of ANNEX E hereto with respect to Secured Party's rights in such Deposit Account and use its best efforts to obtain the execution of such letter by each depository bank; (iii) deliver to Secured Party all certificates or instruments, if any, now or hereafter representing or evidencing the Deposit Accounts, accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party; and (iv) notify Secured Party prior to establishing any additional Deposit Accounts and, at the request of Secured Party, obtain from such depository bank an executed letter substantially in the form of ANNEX E and deliver the same to Secured Party.

Appears in 1 contract

Samples: Term Loan Agreement (Dobson Communications Corp)

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Depository Bank. With respect to any material Deposit Accounts, (i) maintain the Deposit Accounts at the banks (a "DEPOSITORY BANKdepository bank") described on ANNEX Annex D or such additional depository banks as have complied with ITEM item (iv) hereof; (ii) within thirty (30) days of the Closing Date, deliver to each depository bank a letter in the form of ANNEX Annex E hereto with respect to Secured Party's rights Rights in such Deposit Account and use its best efforts to obtain the execution of such letter by each depository bank; (iii) deliver to Secured Party all certificates or instruments, if any, now or hereafter representing or evidencing the Deposit Accounts, accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party; and (iv) notify Secured Party prior to establishing any additional Deposit Accounts and, at the request of Secured Party, obtain from such depository bank an executed letter substantially in the form of ANNEX Annex E and deliver the same to Secured Party.

Appears in 1 contract

Samples: Security Agreement (Dobson Communications Corp)

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