MAINTENANCE OF DEPOSIT ACCOUNTS. PSC shall maintain on behalf of Customer such deposit accounts as are necessary or desirable from time to time to enable PSC to carry out the provisions of this Agreement.
MAINTENANCE OF DEPOSIT ACCOUNTS. PIMSS shall maintain on behalf of Customer such deposit accounts as are necessary or desirable from time to time to enable PIMSS to carry out the provisions of this Agreement.
MAINTENANCE OF DEPOSIT ACCOUNTS. In addition to, and not in lieu of, the obligations of the Bank to honor instructions of the Collateral Agent, etc. as agreed in Section 1 hereof, the Bank agrees to maintain the Deposit Accounts as follows:
MAINTENANCE OF DEPOSIT ACCOUNTS. The Bank will promptly send copies of all statements, confirmations and other correspondence concerning the Deposit Accounts simultaneously to the Indenture Trustee, the Servicer and the Issuer at the addresses set forth in Section 11 of this Agreement.
MAINTENANCE OF DEPOSIT ACCOUNTS. The Borrower will not, and will not permit any Subsidiary to (a) open or maintain any deposit account, securities account or commodity account at or with any banking or other financial institution other than a Lender, (b) establish or maintain a deposit account, securities account or commodity account, without delivering to the Administrative Agent a control agreement signed by the Administrative Agent, the depository bank, the other parties thereto and the applicable Loan Party, and otherwise in form and substance reasonably satisfactory to the Administrative Agent, covering the applicable deposit account, securities account or commodity account, or (c) deposit or maintain Collateral (including the proceeds thereof) in a deposit account, securities account or commodities account that is not subject to a control agreement; provided, however, that the requirements of this Section 9.20 shall not apply to any Excluded Account.
MAINTENANCE OF DEPOSIT ACCOUNTS. No Borrower shall maintain or have any operating accounts or other accounts at any bank, depositary source or other financial institution where money or proceeds of Collateral are deposited or maintained, other than the accounts set forth on Schedule 7.17 attached hereto, or such other accounts acceptable to Lender in its sole good faith discretion.
MAINTENANCE OF DEPOSIT ACCOUNTS. (a) Open or maintain any deposit account, securities account or commodity account at or with any banking or other financial institution other than a Lender, except for those accounts listed on Part 2 on Exhibit A to the Seventh Amendment to this Agreement dated as of December 13, 2016 (the “Seventh Amendment”), which accounts may remain open pending closure in the ordinary close of business, or (b) establish or maintain a deposit account, securities account or commodity account (other than Excluded Accounts), without delivering to the Administrative Agent a control agreement signed by the Administrative Agent, the depository bank, the other parties thereto and the applicable Loan Party, and otherwise in form and substance reasonably satisfactory to the Administrative Agent, (1) in the case of any account listed on Part 1 of Exhibit A to the Seventh Amendment, within sixty (60) days after the Effective Date (as defined in the Seventh Amendment), or (2) in the case of any account other than an Excluded Account opened after such Effective Date, within thirty (30) days after such account is opened.
MAINTENANCE OF DEPOSIT ACCOUNTS. In addition to the obligations of the Depository Bank in Section 3 hereof, the Depository Bank agrees to maintain the Deposit Accounts as follows:
MAINTENANCE OF DEPOSIT ACCOUNTS. The Borrower shall maintain all Cash Collateral Accounts and other deposit accounts, securities accounts, and commodities accounts at BNP Paribas, New York Branch, or at another depository institution acceptable to the Lenders and, in each case, over which the Administrative Agent shall have “control” as such term is defined in all applicable Uniform Commercial Codes or as otherwise necessary under applicable law to establish priority. The Borrower shall also grant a first priority (subject to Permitted Liens) perfected security interest in all operating bank accounts, sweep/zero balance accounts, sweep/investment accounts, lockboxes into which payments to it are deposited and all other accounts relating to the cash management procedures of the Borrower that the Borrower may maintain at any time and from time to time, all in favor of the Collateral Agent and shall enter into all documentation and perform all acts reasonably requested by the Administrative Agent and its counsel to vest control over such accounts in the Collateral Agent for purposes of perfecting its security interest therein.
MAINTENANCE OF DEPOSIT ACCOUNTS. Within sixty (60) days following the Closing Date (or such later date as the Administrative Agent may agree in its reasonable discretion), the Credit Parties shall deliver, or cause to be delivered to the Collateral Agent, in form and substance reasonably satisfactory to the Collateral Agent, a Deposit Account Control Agreement, duly authorized, executed and delivered by such bank and such Credit Party with respect to each Deposit Account and Securities Account; except that Credit Parties shall not be required to deliver such Deposit Account Control Agreements with respect to any Excluded Account. No Credit Party shall open any new Deposit Account or Securities Account, other than an Excluded Account, unless such Credit Party enters into a Deposit Account Control Agreement in connection with such account within sixty (60) days (or such later date as the Administrative Agent may agree) following the opening of such account. Notwithstanding anything in this section to the contrary, the provisions of this Section 5.12 shall not apply to any Deposit Account acquired by a Credit Party in connection with a Permitted Acquisition (or other permitted Investment) prior to the date that is sixty (60) days (or such later date as the Administrative Agent may agree) following the consummation of such Permitted Acquisition (or other permitted Investment).
