Required Accounts. (i) The Guarantor shall, prior to the Closing Date, establish, one or more Collateral Accounts, as applicable, and shall direct all Investor Capital Contributions received by the Guarantor into such Collateral Accounts (it being understood and agreed, for the avoidance of doubt, that (i) subject to compliance with Section 9.12, the Credit Parties may maintain other accounts into which Investor Capital Contributions may be transferred from the Collateral Accounts and (ii) such other accounts will not constitute Collateral and will not be subject to the control of the Administrative Agent or any other restrictions under this Credit Agreement and the other Loan Documents). Each Collateral Account shall be a deposit account or a securities account (as defined in the UCC or substantial equivalent under foreign law) established with an Eligible Institution, as deposit bank or securities intermediary, in the name of the Guarantor into which financial assets may be credited and as to which such Eligible Institution, as deposit bank or securities intermediary, undertakes to treat the Administrative Agent, on behalf of the Lenders, as entitled to exercise the rights that comprise such deposit account or financial assets in accordance with the terms of the Control Agreement. If such deposit bank or securities intermediary ceases to be an Eligible Institution, the Guarantor will have thirty (30) days following notice from the Administrative Agent to move the Collateral Accounts to another Eligible Institution reasonably acceptable to the Administrative Agent, on behalf of the Lenders. If the deposit bank or securities intermediary terminates the Control Agreement, the Guarantor shall open new accounts that are subject to a Control Agreement with a replacement deposit bank or securities intermediary, which is an Eligible Institution, within thirty (30) days of such termination.
Required Accounts. (a) Effective as of the date hereof, Borrower has established an account (the "Construction Account") with Lender which Construction Account shall be Borrower's sole account with respect to the Mortgaged Property for all construction matters and, during the pendency of construction through and until Completion (the "Construction Period"), all vendor, construction or other payments of obligations of Borrower or relative to the Mortgaged Property (collectively, "Construction Expenses") shall be paid by Borrower directly from the Construction Account. In furtherance of the foregoing, Borrower shall, from and after the date hereof and during the Construction Period, fund all equity contributions (including the amounts referenced in Section 2.6 hereof) into the Construction Account such that such monies are available for subsequent disbursement for Construction Expenses during the Construction Period.
Required Accounts. The Customer acknowledges and agrees that to receive the benefits of the Services, the Customer may be required to create:
Required Accounts. Separate agreements are required from the Servicer for each custodial account. The original form must be submitted to, and will be held by, AHFC's Servicing Department. Account Type Required Agreement Form Account Title AHFC ALCS P&I Letter Agreement for Servicer's Principal and Interest Custodial Account (Form SER-15) (Servicer), as agent for Mortgagor payments, and trustee of principal and interest custodial account for various AHFC mortgages AHFC ALCS T&I Letter Agreement for Servicer's Tax and Insurance Custodial Account (Form SER-16) (Servicer), as agent for Mortgagor payment and trustee of tax and insurance custodial account for various AHFC mortgages AHFC Multi- Family Special Purpose Escrow Letter Agreement for Servicers Multi-Family Special Purpose Escrow Custodial Trust Account (Form SER-18) (Servicer) as agent for mortgagor payments and Trustee of the Multi- Family Special Purpose Escrow Account for various AHFC mortgages.
Required Accounts. Vendor shall establish any and all other bank accounts required to operate the SVP Program including those specifically described below:
Required Accounts. (a) The Sellers shall cooperate with the Purchaser to prepare and deliver the following accounts (collectively, the Required Accounts) as promptly as practicable following the Completion:
Required Accounts. NBO shall establish any and all other bank accounts required to operate the Gift Card Program. Funds in said bank accounts shall be used for outstanding Card liability, distribution of Admin Fee and Expiration Fee revenue, and all other fees and income earned by NBO per this Agreement. Funds shall not be commingled with NBO operating funds.
