Examples of X.X. Xxxxxx in a sentence
Subject to Borrowers’ agreements set forth in this Amendment, and the satisfaction of the conditions to the effectiveness of this Amendment, Lender hereby consents to EGT closing or otherwise discontinuing the use of each Commodity Account with XX X’Xxxxx and transferring all funds that are transferrable or withdrawable out of said accounts to the Commodity Accounts at ADMIS that are identified in the Commodity Account Pledge Agreement.
Upon completion of said transfer, Xxxxxxxx shall no longer use XX X’Xxxxx for the purpose of making any hedging transactions, and shall use ADMIS as its sole and exclusive broker for all hedging transactions.
The Borrowers shall, or shall cause XX X’Xxxxx to, within thirty (30) days after the end of each month, deliver to Lender account statements for the Commodity Account.
Xxxxxx will take all steps reasonably requested by Borrowers to facilitate the transfer of funds in the Commodity Accounts at XX X’Xxxxx to the Commodity Accounts at ADMIS, including the filing of any UCC financing statement amendments or termination statements with respect to any financing statements covering the Commodity Accounts at XX X’Xxxxx.
Borrowers hereby agree to transfer, or cause to be transferred, by wire transfer of immediately available funds, all funds currently on deposit in the XX X’Xxxxx Commodity Accounts that are transferrable or withdrawable out of said accounts to the Commodity Accounts at ADMIS which are identified in the Commodity Account Pledge Agreement, and to provide written wire transfer confirmation to Lender immediately upon completion of said transfer.