Approved Accounts Sample Clauses

Approved Accounts. (i) Within thirty (30) days after the Closing Date (or such longer period as the Administrative Agent may agree in its sole discretion), RailAmerica shall and shall cause each Credit Party to (i) establish and maintain cash management services of a type and on terms satisfactory to the Collateral Agent, (ii) enter into a Control Agreement, reasonably satisfactory to the Collateral Agent, with respect to each Deposit Account and Securities Account, other than any Excluded Account, and deliver a legal opinion with respect thereto in form and substance reasonably satisfactory to the Collateral Agent and (iii) request in writing and otherwise take such reasonable steps to ensure that all of the Credit Parties’ Account Debtors (including, without limitation, any clearinghouse) forward payment of the amounts owed by them directly to a Control Account; provided that if the Credit Parties shall be unable to establish cash management services with their existing banks of a type and on terms reasonably satisfactory to the Collateral Agent within such thirty (30) day period (as the same may be extended by the Administrative Agent in its sole discretion), then RailAmerica shall and shall cause each Credit Party to (a) within five (5) Business Days (i) establish with Citibank, N.A. accounts with cash management services of a type and terms satisfactory to the Collateral Agent and (ii) enter into a Control Agreement, reasonably satisfactory to the Collateral Agent, with respect to each Deposit Account and Securities Account, other than any Excluded Account, and deliver a legal opinion with respect thereto in form and substance reasonably satisfactory to the Collateral Agent , (b) within five (5) Business Days instruct each bank where a Deposit Account or Securities Account (other than any Excluded Account) is held to effect the ACH or wire transfer on each Business Day of all available cash receipts from such Deposit Account or Securities Account to such accounts established with Citibank, N.A. and (c) within thirty (30) days request in writing and otherwise take such reasonable steps to ensure that all of the Credit Parties’ Account Debtors(including, without limitation, any clearinghouse) forward payment of the amounts owed by them directly solely to such Control Account with Citibank, N.A.
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Approved Accounts. Please specify all of Merchant’s business bank accounts below, and also designate the account Purchaser should use to fund the Agreement. If no account is so designated, Purchaser will fund into the first account listed below. Account #1* *REQUIRED Account #2 Account #3 Deposit Funds / Withdrawals Deposit Funds / Withdrawals Deposit Funds / Withdrawals Bank Name: WXXXX FARGO BANK Bank Name: CHASE BANK Bank Name: Routing #: [***] Routing #: [***] Routing #: Account #: [***] Account #: [***] Account #: Account #4 Account #5 Account #6 Deposit Funds / Withdrawals Deposit Funds / Withdrawals Deposit Funds / Withdrawals Bank Name: Bank Name: Bank Name: Routing #: Routing #: Routing #: Account #: Account #: Account #:
Sample 1
Approved Accounts. Please specify all of Merchant’s business bank accounts below, and also designate the account Purchaser should use to fund the Agreement. If no account is so designated, Purchaser will fund into the first account listed below.
Sample 1

Related to Approved Accounts

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • New Accounts If the Collateral Agent receives notice of any security created or arising during the Security Period in respect of the Management Agreements or any of the Assigned Rights, or following the occurrence and during the continuation of an Event of Default makes demand of the Parent or the Borrower for payment of any or all of the Secured Obligations:

  • Blocked Accounts Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

  • Designation of Removed Accounts On or before the date that is five Business Days after the Removal Date, the relevant Transferor will deliver to the Trustee a computer file or microfiche list containing a true and complete list of the Removed Accounts, specifying for each such Removed Account, as of the Removal Notice Date, its account number and the aggregate amount of Receivables outstanding in such Removed Account, which computer file or microfiche list shall be marked as Schedule 1 hereto, shall be incorporated herein and made a part hereof, and shall supplement Schedule 1 to the Agreement.

  • Lockbox Accounts The names and addresses of all the Lockbox Banks, together with the account numbers of the Lockbox Accounts of the Seller at each Lockbox Bank and the post office box numbers of the lockboxes, are listed on Schedule 6.1(o) (or have been notified to and approved by the Agents in accordance with Section 7.3(d)) and are the only post office boxes and accounts into which Collections of Receivables are deposited or remitted. The Seller has not granted any Person, other than the Administrative Agent for the benefit of the Secured Parties as contemplated by this Agreement, control of any lockbox or Lockbox Account, or the right to take control of any such lockbox or Lockbox Account at a future time.

  • Eligible Account 13 ERISA ......................................................................................13

  • Bona Fide Eligible Accounts The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • Eligible Accounts The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

  • Management Accounts The Management Accounts:

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