PNC Documents means the PNC Credit Agreement and the "Other Documents" as such term is defined in the PNC Credit Agreement and any documents, instruments and agreements entered into in connection with any amendment, supplement, restatement, replacement or refinancing thereof, as amended, modified, supplemented or restated from time to time in accordance with the terms of the PNC Credit Agreement, this Agreement, and the Intercreditor Agreement.
Except as provided in the PNC Documents (subject to the terms of the Intercreditor Agreement) and except with respect to the accounts set forth on Schedule 4.15(h) attached hereto, which are maintained for specific purposes identified in Schedule 4.15(h), maintain all of Borrowers' deposit and operating accounts with Agent.
Except as provided in the PNC Documents (subject to the terms of the Intercreditor Agreement), Borrowers shall cause remittances in respect of their Receivables to be delivered to such lockbox account or Blocked Account as Agent shall designate from time to time as contemplated by Section 4.15(h) or as otherwise agreed to from time to time by Agent.
The aforesaid power of attorney can only be exercised by Creditor if all of Borrowers obligations pursuant to the Senior Debt have been satisfied or any security interest in the Collateral granted under the PNC Documents and any other Senior Lender loan documents has been released and with respect to property subject to a Permitted Encumbrance, the approval of the holder of the Permitted Encumbrance.
Notwithstanding the foregoing, except as provided in the PNC Documents (subject to the terms of the Intercreditor Agreement), to the extent any Borrower directly receives any remittances upon Receivables, such Borrower will, at such Borrower's sole cost and expense, but on Agent's behalf and for Agent's account, collect as Agent's property and in trust for Agent all amounts received on Receivables, and shall not commingle such collections with any Borrower's funds or use the same except to pay Obligations.