The Collateral Accounts. In order to secure further the payment and the performance of the Obligations and to effect and facilitate the right of the Secured Parties, each Borrower shall require that each of its Investors wire transfer to such Borrower’s Collateral Account all monies or sums paid or to be paid by the Investors pursuant to Capital Calls. In addition, each of the Borrowers shall promptly deposit into its respective Collateral Account any payments and monies that any Borrower receives directly from Investors as Capital Contributions.
The Collateral Accounts. Each applicable Borrower shall require all of its Investors to wire transfer all monies or sums paid or to be paid by such Investors pursuant to Capital Calls made by the applicable Borrower, on such Borrower’s behalf, only to the applicable Capital Account. In addition, each applicable Borrower shall deposit into the applicable Capital Account any payments that such Borrower receives directly from the applicable Investors as Capital Contributions. Each Borrower shall deposit into the applicable Asset Account all payments and proceeds (including, but not limited to, interest and principal) received from or on account of any Asset.
The Collateral Accounts. In order to secure the Credit Party’s payment and performance of the Obligations and to effect and facilitate the right of the Secured Parties, each Borrower shall require that each of its Investors wire transfer to such Credit Party’s Collateral Account all monies or sums paid or to be paid by the Investors pursuant to Drawdowns. In addition, the Borrower shall promptly deposit into its Collateral Account any payments and monies that such Credit Party receives directly from Investors as Capital Contributions.
The Collateral Accounts. In order to secure further the payment and the performance of the Obligations of the applicable Fund Group and to effect and facilitate the right of the Secured Parties, each Borrower in such Fund Group shall require that each of its Investors wire transfer to such Borrower’s Collateral Account all monies or sums paid or to be paid by the Investors pursuant to Capital Calls. As set forth in the applicable Feeder Fund Acknowledgment and Confirmation, each Feeder Fund will require that Investors in such Feeder Fund wire transfer to such Feeder Fund’s Collateral Account all monies or sums paid or to be paid by the Investors pursuant to Capital Calls. In addition, each of the applicable Borrowers shall and, pursuant to the related Feeder Fund Acknowledgment and Confirmation or the related Blocker Acknowledgment and Confirmation, as applicable, the related Feeder Fund or Blocker, as applicable, will, promptly deposit into the applicable Collateral Account any payments and monies that any such Credit Party receives directly from Investors as Capital Contributions.
The Collateral Accounts. Annex A attached hereto (and as it may be amended, modified and restated from time to time) contains a complete and accurate description of each Deposit Account and each Securities Account maintained by each Grantor with the Custodian. Each Grantor and the Custodian agree to maintain at all times such Collateral Accounts in the name of the respective Grantor. The Custodian shall not change the name or account number of any Collateral Account without the prior written consent of the Collateral Agent. The Collateral Accounts listed on Annex A hereto do not contain Collateral which is registered in the name of, payable to or to the order of, or specifically indorsed to a Grantor or any other Person other than the Custodian, which has not been indorsed to the Custodian or in blank, and the Securities Accounts contain only securities that are primarily cleared and settled within the United States. To the Custodian’s knowledge, the Security Entitlements arising out of the Collateral carried in the Securities Accounts are valid and legally binding obligations of the Custodian, and the Custodian has not been notified in writing of any claim to or interest in the Collateral, except for the claims and interest of the Collateral Agent and the Grantors in the Collateral.
The Collateral Accounts. (a) The Collateral Agent ------------------------ shall establish and maintain at its office located at Xxx Xxxxxx XxXxxxxxxxx, 0xx Xxxxx, Xxxxxx, XX 00000-0000, three collateral accounts designated the "Enforcement Collateral Account", the "Subordination Collateral Account" and the ------------------------------- -------------------------------- "General Collateral Account", respectively (such collateral accounts, -------------------------- collectively, the "Collateral Accounts"). -------------------
The Collateral Accounts. In order to secure further the payment and the performance of the Obligations and to effect and facilitate the right of the Secured Parties, each Borrower (other than a Qualified Borrower) shall require that each of its Investors wire transfer to such Borrower’s Collateral Account all monies or sums paid or to be paid by the Investors pursuant to Capital Calls. In addition, to the extent not funded directly by the Investors into the respective Borrower Collateral Account, each of the Borrowers (other than a Qualified Borrower) shall promptly, but within five (5) Business Days of receipt thereof, deposit into its respective Collateral Account any payments and monies that such Borrower receives directly from Investors as Capital Contributions.
The Collateral Accounts. The Obligors shall, on or before the Closing Date, have caused the Collateral Agents to establish the Export Collateral Account and any Debt Service Reserve Accounts.
The Collateral Accounts. To the extent a Borrower, a Blocker or a Feeder Fund receives Capital Contributions directly from Investors, each such Borrower, Blocker, or Feeder Fund shall, prior to the Closing Date, establish, one or more Collateral Accounts and shall direct any applicable Investor Capital Contributions received directly by such Borrower, Blocker or Feeder Fund as applicable, into such Collateral Accounts. Each Borrower, each Blocker and each Feeder Fund shall deposit any Capital Call proceeds from Investors received otherwise into the applicable Collateral Account within five (5) Business Days after receipt. No Credit Party shall nor shall any Credit Party cause or permit any of its Subsidiaries to, deposit or otherwise credit, or cause or permit to be so deposited or credited, to the Collateral Accounts, cash or cash proceeds other than (i) Capital Call proceeds or (ii) proceeds of Loans pursuant to this Credit Agreement. 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 applicable Borrower, Blocker or Feeder, 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 Bank, 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 applicable Deposit Account Control Agreement or Securities Account Control Agreement. If such deposit bank or securities intermediary ceases to be an Eligible Institution, the applicable Borrower, Blocker or Feeder will have thirty (30) days following notice from the Administrative Bank to move the Collateral Accounts to another Eligible Institution reasonably acceptable to the Administrative Bank, on behalf of the Lenders. If the deposit bank or securities intermediary terminates a Deposit Account Control Agreement or Securities Account Control Agreement, the applicable Borrower, Blocker or Feeder shall open new accounts that are subject to a Deposit Account Control Agreement or Securities Account Control Agreement with a replacement deposit bank or securities intermediary, which is an Eligible Institution, within thirty (30) days of such termination. As set forth in any Feeder Fund Acknowledgment and Confirmation, such Feeder Fund will requir...
The Collateral Accounts. (a) The Borrowers will deposit, or cause to be deposited, all Items of Payment into bank accounts designated or approved by the Administrative Agent (collectively, the "Collateral Accounts; " each a "Collateral Account"). The Borrowers agree that following an Event of Default and/or if the Borrowers at any time fail to maintain the availability required by the Section 2.1.12(b), the Administrative Agent, at its option, shall have sole power of access to and withdrawal from the Collateral Accounts. Each depository bank of a Collateral Account shall confirm in a writing that, following notice from the Administrative Agent, the depository bank will honor only the Administrative Agent's instructions with respect to the Collateral Account for which it is the depository.
