Other Deposit Accounts Sample Clauses

Other Deposit Accounts. Each Credit Party agrees not to open any lockbox or new bank account into which Proceeds of Collateral are to be delivered or deposited or into which proceeds of Revolving Loans are to be deposited unless concurrently with the opening of such lockbox and/or bank account, the Agent, such Credit Party and the bank which will maintain such lockbox or at which such account will be maintained, execute a Depository Account Control Agreement with respect to such lockbox and/or related bank account; provided, however, that (i) prior to the Agent’s request therefor, the Credit Parties shall not be required to obtain Depository Account Control Agreements with respect to those bank accounts listed on Schedule 3.2(c)-2 which are specifically designated as not being required to be subject to Depository Account Control Agreements as of the Closing Date or with respect to such bank accounts acquired after the Closing Date which are specifically approved by the Agent in writing as not being required to be subject to Depository Account Control Agreements until such time as the Agent may request, and (ii) so long as no Default or Event of Default exists the Credit Parties shall not be required to obtain Depository Account Control Agreements with respect to the bank accounts (including payroll accounts) listed on Schedule 3.2(c)-1 attached hereto (the bank accounts described in this clause (ii), collectively, the “Excluded Bank Accounts”); provided further, however, that no Credit Party shall permit the balance of any Excluded Bank Account to exceed One Hundred Thousand Dollars ($100,000) or the aggregate balance of all Excluded Bank Accounts to exceed Five Hundred Thousand Dollars ($500,000). Upon compliance with the terms set forth above, such lockbox and/or bank account (other than the bank accounts described in clause (i) above and the Excluded Bank Accounts) shall constitute a Depository Account for purposes of this Financing Agreement. Each Credit Party represents and warrants to the Agent and the Lenders that Schedule 3.2(c)-2 attached hereto lists all bank accounts of such Credit Party (other than the Excluded Bank Accounts) as of the date hereof. Without limiting the requirements of the first sentence of this Section, if a Credit Party at any time acquires any bank account not listed on Schedule 3.2(c)-2 attached hereto, such Credit Party shall promptly deliver to the Agent a supplemental schedule which shall include details pertaining to such bank account.
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Other Deposit Accounts. All time, demand, savings, passbook, and similar accounts maintained with an organization that is engaged in the business of banking, including without limitation a bank, credit union, savings bank, trust company, and savings and loan association owned or maintained by the Company, wherever located;
Other Deposit Accounts. Each of the Agents, on behalf of themselves and their Related Secured Parties, hereby agree and acknowledge that, the Revolving Agent shall be the party entitled to direct the disposition of funds and send exclusive control notices (or equivalent), as applicable, in respect of any other deposit accounts of the Loan Parties that are subject to control agreements in favor of any Agent pursuant to the terms of the Secured Credit Documents (“Other Controlled Accounts”) until the Revolving Agent sends an instruction to the relevant depositary bank in respect of any such Other Controlled Account directing such depositary bank that the applicable Controlling Other Pari Passu Agent shall be the party entitled to direct the disposition of funds and send exclusive control notices (or equivalent), as applicable, with respect to such Other Controlled Account (each such instruction, an “Other Account Agent Transfer Notice”). The Revolving Agent hereby agrees to deliver an Other Account Agent Transfer Notice to any such depositary bank (i) upon the Discharge of Revolving Credit Obligations and (ii) prior to the Discharge of Revolving Credit Obligations, at the request of the Initial Controlling Other Pari Passu Agent, after the expiration of the Initial Standstill Period and so long as the Revolving Agent has not commenced any Enforcement Action. The Term Loan Agent and each Additional Agent hereby agree not to issue any instructions concerning any Other Controlled Account or the disposition of any funds in any Other Controlled Account until after the delivery of an Other Account Agent Transfer Notice by the Revolving Agent to the relevant depositary bank.
Other Deposit Accounts. (a) Account number 5501044548 maintained by the REIT with Green Bank for receipt of the proceeds of all Equity Issuances, (b) Account number 639632731 maintained by Mxxxx National CY Lyndhurst MT, LLC, with JPMorgan Chase Bank, and (c) Account number 792975612 maintained by Mxxxx National International-Fort Worth MT, LLC, with JPMorgan Chase Bank.
Other Deposit Accounts. All deposit accounts of each Loan Party shall be subject to a Control Agreement other than any Lockbox Account which shall be subject to an applicable Depositary Agreement pursuant to Section 5.1.

Related to Other Deposit Accounts

  • Deposit Accounts As of the date hereof, no Pledgor has any Deposit Accounts other than the accounts listed in Schedule 13 to the Perfection Certificate. Assuming the due execution of Deposit Account Control Agreements, the Administrative Agent has a first priority security interest in each such Deposit Account (other than Excluded Accounts), which security interest is perfected by Control. Each Pledgor shall establish and maintain one or more Deposit Accounts into which such Pledgor shall promptly deposit, and shall direct each Fiscal Intermediary or other Third Party Payor, in accordance with applicable law, including, without limitation, the Medicare and Medicaid regulations, to directly remit, all payments in respect of any Medicare Accounts or Medicaid Accounts (the “Medicare and Medicaid Accounts”). Such Medicare and Medicaid Accounts shall be under the sole control of the applicable Pledgor; provided that, except with respect to the SunTrust Deposit Accounts, on each Business Day the Pledgors shall remit, or authorize, direct and instruct the depository banks at which such separate deposit accounts are maintained to remit, by federal funds wire transfer all funds received or deposited into such deposit accounts (to the extent such funds are available funds) to one of the Deposit Accounts subject to the Administrative Agent’s Control. Upon request of the Administrative Agent, the applicable Pledgor shall remit all available funds from each SunTrust Deposit Account by federal funds wire transfer to a Deposit Account subject to the Administrative Agent’s Control. No Pledgor shall hereafter establish and maintain any Deposit Account (other than Excluded Accounts) unless (1) it shall have given the Administrative Agent 30 days’ prior written notice of its intention to establish such new Deposit Account with a Bank, (2) such Bank shall be reasonably acceptable to the Administrative Agent and (3) such Bank and such Pledgor shall have duly executed and delivered to the Administrative Agent a Deposit Account Control Agreement with respect to such Deposit Account. The Administrative Agent agrees with each Pledgor that the Administrative Agent shall not give any instructions directing the disposition of funds from time to time credited to any Deposit Account (other than Excluded Accounts) or withhold any withdrawal rights from such Pledgor with respect to funds from time to time credited to any Deposit Account (other than Excluded Accounts) unless an Event of Default has occurred and is continuing. Each Pledgor agrees that once the Administrative Agent sends an instruction or notice to a Bank exercising its Control over any Deposit Account (other than Excluded Accounts) such Pledgor shall not give any instructions or orders with respect to such Deposit Account including, without limitation, instructions for distribution or transfer of any funds in such Deposit Account. No Pledgor shall grant Control of any Deposit Account to any person other than the Administrative Agent.

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Deposit Account (a) On or prior to the Closing Date, the Issuer shall cause the Servicer to establish and maintain, in the name of the Indenture Trustee, for the benefit of the Noteholders and the Certificateholders, the Deposit Account as provided in Section 5.01 of the Sale and Servicing Agreement.

  • Deposit Account Payments Subsection (b) is amended to read as follows:

  • Securities Accounts If a Collateral Account is a securities account, the Financial Institution agrees that:

  • Administration of Deposit Accounts Schedule 8.5 sets forth all Deposit Accounts maintained by Obligors, including all Dominion Accounts. Each Obligor shall take all actions necessary to establish Agent’s control over each such Deposit Account (other than Excluded Deposit Accounts). Each Obligor shall be the sole account holder of each Deposit Account and shall not allow any Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

  • Deposit and Securities Accounts (Please list all accounts; attach separate sheet if additional space needed) Institution Name Account Number New Account? Account Control Agreement in place?

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

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