Direction Letters. Neither Borrower nor any member of the Borrower Control Group shall attempt to revoke, rescind or modify any of the Direction Letters.
Direction Letters. (A) So long as (i) “cause” (as defined in any of Sections 12(b)(i)-(v) or (viii) of the Gxxxxxxx 0000 XXX XXX) does not exist, and (ii) there has not been a default in the payment of principal on the Class A Notes (as defined in the Gramercy 2006 CDO Indenture) when the same becomes due and payable, and (iii) the Class A/B Par Value (as defined in the Gramercy 2006 CDO Indenture) is greater than 75% on any Measurement Date (as defined in the Gramercy 2006 CDO Indenture), and (iv) no Resignation Event has occurred, following the occurrence of an event described in Section 12(b)(vi) and/or 12(b)(vii) of the Gramercy 2006 CDO CMA and if directed to do so in writing by CWCapital, ************ shall, and shall cause its Affiliates, if applicable, to (i) send a letter in the form attached hereto as Exhibit A to any counterparty to a swap agreement (collectively, the “Gramercy 2006 CDO Swaps”) pursuant to which ************ or any of its Affiliates provides credit protection on a note issued as part of the Gramercy 2006 CDO and (ii) subject to any and all confidentiality obligations of ************, notify Wxxxx Fargo Bank, N.A. that ************ has not directed the counterparties to the Gramercy 2006 CDO Swaps to remove CWCapital as the collateral manager of the Gramercy 2006 CDO; provided that, on and after June 16, 2016, this section shall cease to be of any further force and effect and ************ shall have no further obligations under this Section 4(A).
Direction Letters. The Borrower shall, and shall have caused ----------------- each of its Domestic Subsidiaries to, have duly authorized and executed a letter to each of the banking institutions listed on Schedule IX to the Existing Credit Agreement (each a "Deposit Bank"), a copy of which letter shall be delivered to the Administrative Agent on the Original Closing Date and the original of which letter shall be delivered to each of the applicable Deposit Banks no later than 15 days after the Original Closing Date (i) advising such Deposit Bank that each checking, savings or other deposit account listed on Schedule IX to the Existing Credit Agreement as a bank deposit account (each a "Bank Deposit Account") has been pledged to the Collateral Agent pursuant to the Security Agreement (as defined under the Existing Credit Agreement) and (ii) directing such Deposit Bank to transfer, in same day funds, not later than 1:00 P.M. (New York City time) on each Business Day, an amount equal to the available and collected credit balance of all Bank Deposit Accounts as of the end of such Business Day to the Concentration Account.
Direction Letters. As provided in Section 9(c)(2) of the Repurchase Agreement, by November 22, 2004, the Grantor shall deliver to the Payment Processing Bank an acknowledgement and direction letter instructing the Payment Processing Bank to remit all proceeds with respect to the Collateral hereunder to the Buyer, if the Buyer so directs, upon an Event of Default or in the event of a Margin Deficit.
Direction Letters. The Direction Letters, duly executed by CCFL or the applicable collateral manager under the applicable Dekania Collateral Management Agreements;
Direction Letters. The Borrower shall, and shall have caused each of its Domestic Subsidiaries to, have duly authorized and executed a letter to each of the banking institutions listed on Schedule IX (each a "Deposit Bank"), a copy of which letter shall be delivered to the Administrative Agent on the Initial Borrowing Date and the original of which letter shall be delivered to each of the applicable Deposit Banks no later than 15 days after the Initial Borrowing Date (i) advising such Deposit Bank that each checking, savings or other deposit account listed on Schedule IX as a bank deposit account (each a "Bank Deposit Account") has been pledged to the Collateral Agent pursuant to the Security Agreement and (ii) directing such Deposit Bank to transfer, in same day funds, not later than 1:00 P.M. (New York City time) on each Business Day, an amount equal to the available and collected credit balance of all Bank Deposit Accounts as of the end of such Business Day to the Concentration Account.
Direction Letters. Borrower (on behalf of itself and each other Credit Party) hereby irrevocably appoints Collateral Agent as its attorney-in-fact (and such appointment shall be deemed to be coupled with an interest until the Termination Date) to address any Direction Letter or letter-in-lieu of division order executed by any Credit Party it may hold and, upon the occurrence of an Event of Default, deliver or have delivered any such letter to any Person purchasing Hydrocarbons from the Oil and Gas Properties of any Credit Party that is not then directing payment for such Hydrocarbons to a Controlled Account.
Direction Letters. The Agent shall have received the Direction Letters (as executed only by one or more of the Borrowers) for each purchaser of production set forth on Schedule 3.1(p) attached hereto;
Direction Letters. The Agents shall have received copies of Direction Letters duly executed and delivered by each applicable Borrower or Subsidiary with respect to each Bank Account listed in Item 6.30 of the Disclosure Schedule to each Direction Bank, or, to the extent that all of such Direction Letters are not delivered by the Closing Date, the Borrowers have used commercially reasonable efforts to, and to cause their Subsidiaries to, do so.
Direction Letters. (1) A Direction Letter, duly executed by Newco, as a shareholder, instructing CBO REIT II to deliver payments on the Subject Securities owned by it to the related Collection Account, (2) a Direction Letter, duly executed by CBO REIT II, as sole shareholder, instructing each REIT Subsidiary to deliver any payments on the Subject Securities owned by it to the related Collection Account and (3) a Direction Letter, executed by each REIT Subsidiary or CBO REIT II, as applicable, directing each trustee and/or issuer under each Subject Security owned by each REIT Subsidiary or CBO REIT II, as applicable, to deliver any payments on the Subject Securities as applicable, to the related Collection Account.
