{"component": "clause", "props": {"groups": [{"samples": [{"hash": "dBrw7BnaQco", "uri": "/contracts/dBrw7BnaQco#existing-accounts", "label": "Servicing Agreement (Willis Lease Finance Corp)", "score": 35.2409324646, "published": true}, {"hash": "4WhbQrixrvo", "uri": "/contracts/4WhbQrixrvo#existing-accounts", "label": "Servicing Agreement (Willis Lease Finance Corp)", "score": 34.1861724854, "published": true}, {"hash": "lp9yEtlzVZ9", "uri": "/contracts/lp9yEtlzVZ9#existing-accounts", "label": "Servicing Agreement (Willis Lease Finance Corp)", "score": 33.5920600891, "published": true}], "size": 11, "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "the-arrangements", "type": "clause", "offset": [48, 64]}, {"key": "relating-to", "type": "definition", "offset": [65, 76]}, {"key": "existing-bank-accounts", "type": "definition", "offset": [88, 110]}, {"key": "related-to", "type": "clause", "offset": [111, 121]}, {"key": "the-assets", "type": "clause", "offset": [122, 132]}, {"key": "the-servicer", "type": "definition", "offset": [196, 208]}, {"key": "modifications-to", "type": "clause", "offset": [245, 261]}, {"key": "with-respect-to", "type": "clause", "offset": [270, 285]}, {"key": "to-the-extent", "type": "clause", "offset": [337, 350]}, {"key": "to-transfer", "type": "clause", "offset": [361, 372]}, {"key": "cooperate-with", "type": "clause", "offset": [404, 418]}, {"key": "each-person", "type": "clause", "offset": [419, 430]}, {"key": "serviced-group", "type": "definition", "offset": [442, 456]}, {"key": "the-relevant", "type": "clause", "offset": [461, 473]}, {"key": "other-actions", "type": "clause", "offset": [543, 556]}, {"key": "in-order-to", "type": "clause", "offset": [583, 594]}, {"key": "give-effect-to", "type": "definition", "offset": [595, 609]}, {"key": "the-foregoing", "type": "definition", "offset": [610, 623]}], "snippet": "In the event that WEST desires to modify any of the arrangements relating to any of the existing bank accounts related to the Assets (the \u201cExisting Accounts\u201d), WEST shall deliver a certificate to the Servicer specifying in reasonable detail the modifications to be made with respect to any such Existing Accounts and the Servicer shall, to the extent necessary to transfer signing and related authority, cooperate with each Person within the Serviced Group and the relevant banking institution to effect such modifications and shall take such other actions as are incidental thereto in order to give effect to the foregoing.", "hash": "7dd8e59a42e6dcaf056379edfd05c0fd", "id": 1}, {"samples": [{"hash": "biSIO7dfLFi", "uri": "/contracts/biSIO7dfLFi#existing-accounts", "label": "Totalcash Manager Access Authorization Agreement", "score": 24.4866523743, "published": true}, {"hash": "aI1tlRWZ6P2", "uri": "/contracts/aI1tlRWZ6P2#existing-accounts", "label": "Totalcash Manager Access Authorization Agreement", "score": 24.4866523743, "published": true}, {"hash": "eYaKzAv8zY2", "uri": "/contracts/eYaKzAv8zY2#existing-accounts", "label": "Totalcash Manager Access Authorization Agreement", "score": 24.2785758972, "published": true}], "size": 5, "snippet_links": [{"key": "please-provide", "type": "clause", "offset": [0, 14]}, {"key": "account-name", "type": "definition", "offset": [132, 144]}, {"key": "account-number", "type": "definition", "offset": [145, 159]}], "snippet": "Please provide details for any accounts that have been opened previously that should be linked to your TCM access once established. 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(b) (if any) the bank accounts opened pursuant to Offshore Finance Documents; and/or (c) the relevant Accounts opened and maintained with the Account Bank.", "hash": "cb3493c6e94666953397a2f9382189ce", "id": 5}, {"samples": [{"hash": "6neRSXxhaKV", "uri": "/contracts/6neRSXxhaKV#existing-accounts", "label": "Credit Agreement (FS Energy & Power Fund)", "score": 30.9274463654, "published": true}, {"hash": "l5KD3fwXvHY", "uri": "/contracts/l5KD3fwXvHY#existing-accounts", "label": "Credit Agreement (FS Investment Corp III)", "score": 30.5359344482, "published": true}], "size": 2, "snippet_links": [{"key": "borrower-will", "type": "clause", "offset": [4, 17]}, {"key": "at-all-times", "type": "definition", "offset": [18, 30]}, {"key": "existing-account-bank", "type": "definition", "offset": [41, 62]}, {"key": "functionally-equivalent", "type": "definition", "offset": [112, 135]}, {"key": "borrower-account", "type": "definition", "offset": [136, 152]}, {"key": "daily-basis", "type": "definition", "offset": [158, 169]}], "snippet": "The Borrower will at all times cause the Existing Account Bank to sweep funds from each Existing Account to the functionally equivalent Borrower Account on a daily basis until such time as such Existing Account shall be closed.", "hash": "63582bed58da032bcaa2b2f11eb1b898", "id": 6}, {"samples": [{"hash": "2dthRGD3vHy", "uri": "/contracts/2dthRGD3vHy#existing-accounts", "label": "Joint Living Trust Agreement", "score": 34.1389808655, "published": true}, {"hash": "gIiKic4PJlU", "uri": "/contracts/gIiKic4PJlU#existing-accounts", "label": "Living Trust Agreement", "score": 34.1376495361, "published": true}], "size": 2, "snippet_links": [{"key": "banking-arrangement", "type": "clause", "offset": [52, 71]}], "snippet": "Continue, modify, and terminate an account or other banking arrangement made by me or on my behalf.", "hash": "01b2a254e98419dd1e66906da592e835", "id": 7}, {"samples": [{"hash": "cqjXP2crh8c", "uri": "/contracts/cqjXP2crh8c#existing-accounts", "label": "Custody Agreement", "score": 24.880903244, "published": true}, {"hash": "innTHAHMuwO", "uri": "/contracts/innTHAHMuwO#existing-accounts", "label": "Corporate Custody Agreement", "score": 22.107460022, "published": true}], "size": 2, "snippet_links": [{"key": "where-the-client", "type": "clause", "offset": [0, 16]}, {"key": "account-with", "type": "definition", "offset": [34, 46]}, {"key": "the-custodian", "type": "definition", "offset": [47, 60]}, {"key": "by-this-agreement", "type": "clause", "offset": [157, 174]}, {"key": "written-instruction", "type": "definition", "offset": [209, 228]}], "snippet": "Where the Client has any existing account with the Custodian, the Custodian shall be entitled at its discretion to treat this account as also being governed by this Agreement unless the Custodian has received written instruction otherwise from the Client.", "hash": "606703b57492f57e8df740ed9453da11", "id": 8}, {"samples": [{"hash": "aX80GibQnM4", "uri": "/contracts/aX80GibQnM4#existing-accounts", "label": "Economic Development Rate Agreement", "score": 23.8304386139, "published": true}, {"hash": "gs0T8ewTCjm", "uri": "/contracts/gs0T8ewTCjm#existing-accounts", "label": "Economic Development Rate Agreement", "score": 21.4366874695, "published": true}], "size": 2, "snippet_links": [{"key": "as-needed", "type": "definition", "offset": [45, 54]}, {"key": "ownership-of", "type": "clause", "offset": [68, 80]}, {"key": "electric-meters", "type": "clause", "offset": [85, 100]}, {"key": "existing-customer", "type": "definition", "offset": [108, 125]}, {"key": "services-and", "type": "clause", "offset": [173, 185]}, {"key": "free-of-charge", "type": "clause", "offset": [211, 225]}, {"key": "consistent-with", "type": "definition", "offset": [270, 285]}, {"key": "residential-customers", "type": "definition", "offset": [324, 345]}], "snippet": "Banning shall maintain, service and replace (as needed), and retain ownership of all electric meters at the existing Customer Site(s) as reflected in Exhibit A. These meter services and meters shall be provided free of charge, so long as such meters are standard meters consistent with those provided to similar Banning non-residential customers.", "hash": "75968e901d3d92fbeae19a57f420e92f", "id": 9}, {"samples": [{"hash": "kBj3ttizGO3", "uri": "/contracts/kBj3ttizGO3#existing-accounts", "label": "Term Loan Facility Agreement (GDS Holdings LTD)", "score": 27.7570152283, "published": true}, {"hash": "f2mUpwLkQpY", "uri": "/contracts/f2mUpwLkQpY#existing-accounts", "label": "Term Loan Facility Agreement (GDS Holdings LTD)", "score": 27.6009578705, "published": true}], "size": 2, "snippet_links": [{"key": "no-other-bank-accounts", "type": "clause", "offset": [0, 22]}, {"key": "by-the-borrower", "type": "clause", "offset": [38, 53]}, {"key": "relevant-accounts", "type": "definition", "offset": [95, 112]}, {"key": "the-account-bank", "type": "clause", "offset": [118, 134]}], "snippet": "No other bank accounts are maintained by the Borrower other than the Existing Accounts and the relevant Accounts with the Account Bank.", "hash": "febdf34bd8e6ebef51018649d3d82c8a", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpleGlzdGluZy1hY2NvdW50cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Existing Accounts", "size": 54, "parents": [["accounts-and-account-information", "Accounts and Account Information"], ["miscellaneous", "Miscellaneous"], ["aircraft-asset-cash-services", "Aircraft Asset Cash Services"], ["asset-cash-services", "Asset Cash Services"], ["asset-trustee-liability", "Asset Trustee Liability"]], "children": [["", ""], ["interest-priority-of-payments", "Interest Priority of Payments"], ["additional-reports", "Additional Reports"], ["custodianship-and-release-of-collateral", "Custodianship and Release of Collateral"], ["procedures-relating-to-the-establishment-of-borrower-accounts-controlled-by-the-collateral-agent", "Procedures Relating to the Establishment of Borrower Accounts Controlled by the Collateral Agent"]], "id": "existing-accounts", "related": [["operating-accounts", "Operating Accounts", "Operating Accounts"], ["checking-accounts", "Checking Accounts", "Checking Accounts"], ["special-accounts", "Special Accounts", "Special Accounts"], ["deposits-to-lock-box-accounts", "Deposits to Lock-Box Accounts", "Deposits to Lock-Box Accounts"], ["collection-accounts", "Collection Accounts", "Collection Accounts"]], "related_snippets": [], "updated": "2026-04-03T05:43:50+00:00", "also_ask": ["What protections should be included to prevent disputes over pre-existing account ownership?", "How can the clause be leveraged to limit liability for prior account activity?", "What are the most common negotiation points regarding access to existing accounts?", "How do courts typically interpret ambiguous language in 'Existing Accounts' clauses?", "What are the key differences in handling existing accounts across relevant jurisdictions?"], "drafting_tip": "Specify which accounts qualify as 'existing' to prevent disputes; require disclosure of all such accounts to ensure transparency; clarify treatment of these accounts to avoid future misunderstandings.", "explanation": "The 'Existing Accounts' clause defines the treatment and status of accounts that were established prior to the effective date of an agreement. Typically, this clause clarifies whether such accounts will remain unaffected, be integrated into the new agreement, or be subject to specific terms. For example, it may specify that pre-existing customer or vendor accounts are excluded from the scope of the new contract, or that their balances and obligations are carried forward under the new terms. The core function of this clause is to prevent confusion or disputes regarding the handling of accounts that predate the agreement, ensuring both parties have a clear understanding of their rights and obligations concerning these accounts."}, "json": true, "cursor": ""}}