Common use of Linked Accounts Clause in Contracts

Linked Accounts. Except for the Permitted Linked Account(s), the Servicers shall not permit any “Linked Account” (as defined in the Lock-Box Agreement with Xxxxx Fargo Bank, N.A.) to exist with respect to any Lock-Box Account maintained at Xxxxx Fargo Bank, N.A.; provided however that, if so instructed by the Administrator (in its sole discretion), the Servicers shall cause each Permitted Linked Account to cease being a “Linked Account” (as defined in the Lock-Box Agreement with Xxxxx Fargo Bank, N.A.) promptly, but not later than two (2) Business Days following the Servicers’ receipt of such instruction.

Appears in 3 contracts

Samples: Receivables Financing Agreement (Cincinnati Bell Inc), Receivables Financing Agreement (Cincinnati Bell Inc), Receivables Financing Agreement (Cincinnati Bell Inc)

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Linked Accounts. Except for the Permitted Linked Account(s), the Servicers Borrowers shall not permit any “Linked Account” (as defined in the Lock-Box Agreement with Xxxxx Fargo Bank, N.A.) to exist with respect to any Lock-Box Account maintained at Xxxxx Fargo Bank, N.A.; provided however that, if so instructed by the Administrator (in its sole discretion), the Servicers Borrowers shall cause each Permitted Linked Account to cease being a “Linked Account” (as defined in the Lock-Box Agreement with Xxxxx Fargo Bank, N.A.) promptly, but not later than two (2) Business Days following the ServicersBorrowers’ receipt of such instruction.

Appears in 3 contracts

Samples: Receivables Financing Agreement (Cincinnati Bell Inc), Receivables Financing Agreement (Cincinnati Bell Inc), Receivables Financing Agreement (Cincinnati Bell Inc)

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