We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Account Banks Sample Clauses

Account Banks. The names and addresses of all the Account Banks are specified in Schedule 1 or, after the First Issuance Date, have been provided by Servicer to Trustee pursuant to Section 3.3(c), and the account numbers of the Bank Accounts at such Account Banks have been specified in a letter provided on or prior to the First Issuance Date to Trustee or, after the First Issuance Date, have been provided by Servicer to Trustee pursuant to Section 3.3(c). The Account Agreements to which Transferor is a party constitute the legal, valid and binding obligations of the parties thereto enforceable against such parties in accordance with their respective terms subject to applicable bankruptcy, reorganization, insolvency, moratorium and other laws affecting creditors' rights generally and general equitable principles.
Account Banks. 13.2.1 Each of the Borrower, Stella, Nicolsco, Twinhope and, on and from the date on which Winhope Finance opens any bank account, Winhope Finance shall procure that, where the Foreign Account Bank is Credit Suisse, the Foreign Account Bank shall initially operate out of its designated branch in Geneva. 13.2.2 Marisana shall procure that the Russian Account Bank and any Alternative Russian Account Bank shall initially operate out of its designated branch in Moscow, Russia. 13.2.3 If an Account Bank ceases to have a Requisite Rating, upon the written request of the Lender, each Obligor that has any account with such Account Bank shall: (a) procure, that all Control Accounts that are held with such Account Bank shall be moved to such other financial institution with a Requisite Rating as agreed upon between the Lender and the relevant Obligor (provided that if no bank with a Requisite Rating operates in the relevant jurisdiction, it will be with a bank with the next highest rating operating in that jurisdiction or which is approved in writing by the Lender); and (b) do all such things as the Lender reasonably requests in order to facilitate any such change of the relevant Account Bank (including, without limitation, the execution of bank mandate forms or bank account agreements, the transfer of balances and Loan Passports, and the issue of revised payment instructions in relation to any tenant or guarantor under any Occupational Lease).
Account BanksThe term "Account Banks" shall mean Citibank ------------- T/O and any other bank in Russia as may be appointed account bank pursuant to a Blocked Account Agreement.
Account Banks. The names and addresses of all the Account Banks, together with the account numbers of the accounts at such Account Banks, are specified in Schedule 6.01(n) (or have been notified to the Agent in accordance with Section 7.03(d)).
Account Banks. The names and addresses of all of the Account Banks are specified in SCHEDULE 7.01(j) or, after the Closing Date, have been provided by the Servicer to the Trustee and the Administrative Agent pursuant to SECTION 3.03(c), and the account numbers of the Bank Accounts at such Account Banks have been specified in a letter provided on or prior to the Closing Date to the Trustee and the Administrative Agent or, after the Closing Date, have been provided by the Servicer to the Trustee and the Administrative Agent pursuant to SECTION 3.03(c). The Account Agreements to which the Issuer is a party constitute the legal, valid and binding obligations of the Issuer enforceable against the Issuer in accordance with their respective terms subject to applicable bankruptcy, reorganization, insolvency, moratorium and other laws affecting creditors' rights generally and general equitable principles.
Account Banks. The names and addresses of all the Account Banks are specified in SCHEDULE 1 or, after the Issuance Date, have been provided by Servicer to Trustee pursuant to SECTION 3.3(c), and the account numbers of the Bank Accounts at such Account Banks are specified in SCHEDULE I or, after the Issuance Date, have been provided by Servicer to Trustee pursuant to SECTION 3.3(c). The Account Agreements to which Issuer is a party constitute the legal, valid and binding obligations of the parties thereto enforceable against such parties in accordance with their respective terms subject to applicable bankruptcy, reorganization, insolvency, moratorium and other laws affecting creditors' rights generally and general equitable principles.
Account Banks. The names and addresses of all the banks, together with the account numbers of the accounts at such banks (and all related lockboxes and post office boxes), into which Collections are paid as of the First Issuance Date have been accurately identified to Trustee in the letter dated the First Issuance Date from the Sellers to Buyer and the Trustee delivered pursuant to Section 5.1(o) of the Purchase Agreement, and such banks, accounts, lockboxes and post office boxes constitute all of the Account Banks, Bank Accounts and Lockboxes as of the First Issuance Date. Any changes in the information set forth in such letter after the First Issuance Date, have been provided by Servicer to Trustee pursuant to Section 3.3(c). The Account Agreements to which Transferor is a party constitute the legal, valid and binding obligations of the parties thereto enforceable against such parties in accordance with their respective terms subject to applicable bankruptcy, reorganization, insolvency, moratorium and other laws affecting creditors' rights generally and general equitable principles. page 45
Account BanksThe names, addresses and ABA numbers of all the Account Banks, together with the account numbers of all Lock-Box Accounts and Concentration Accounts and the name of a contact person at such Account Banks, are specified in Schedule I hereto as of the initial Closing Date. Also specified in Schedule I hereto are the name, address and ABA numbers of the Concentration Account Bank, together with the account number and the name of a contact person for the Concentration Account as of the initial Closing Date.

Related to Account Banks

  • Branches of U.S. Banks (a) Except as otherwise set forth in this Contract, the provisions hereof shall not apply where the custody of the Portfolios assets are maintained in a foreign branch of a banking institution which is a "bank" as defined by Section 2(a)(5) of the Investment Company Act of 1940 meeting the qualification set forth in Section 26(a) of said Act. The appointment of any such branch as a sub-custodian shall be governed by paragraph 1 of this Contract. (b) Cash held for each Portfolio of the Fund in the United Kingdom shall be maintained in an interest bearing account established for the Fund with the Custodian's London branch, which account shall be subject to the direction of the Custodian, State Street London Ltd. or both.

  • 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;

  • Depository Banks Each Loan Party and each Subsidiary will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

  • Depository Accounts Except to the extent that Manager has not complied with its obligations under Sections 2.4 and 5.2, Owner and Manager agree that Manager shall have no liability for loss of funds of Owner contained in the bank accounts for the Property maintained by Owner or Manager pursuant to this Agreement due to insolvency of the bank or financial institution in which its accounts are kept, whether or not the amounts in such accounts exceed the maximum amount of federal or other deposit insurance applicable with respect to the financial institution in question.

  • Cash Management System Each Borrower shall, and shall cause its Subsidiaries to, establish and maintain the Cash Management Systems described below:

  • Administration of Deposit Accounts Schedule 8.5 sets forth all Deposit Accounts maintained by Obligors, including all Dominion Accounts. Each Obligor shall take all actions necessary to establish Agent’s control over each such Deposit Account (other than Excluded Deposit Accounts). Each Obligor shall be the sole account holder of each Deposit Account and shall not allow any Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

  • Agent’s Own Account; Clients’ Account The Company consents to the Agent trading, in compliance with applicable law, in the Common Shares for the Agent’s own account and for the account of its clients at the same time as sales of the Shares occur pursuant to this Agreement.

  • Fund Custody Accounts As to each Fund, the Custodian shall open and maintain in its trust department a custody account in the name of the Trust coupled with the name of the Fund, subject only to draft or order of the Custodian, in which the Custodian shall enter and carry all Securities, cash and other assets of such Fund which are delivered to it.

  • Account Information The account balance and transaction history information may be limited to recent account information involving your accounts. Also, the availability of funds for transfer or withdrawal may be limited due to the processing time for any ATM deposit transactions and our Funds Availability Policy.

  • Cash Management Account (a) Upon the occurrence of a Cash Sweep Event, Borrower shall cause Master Tenant to establish and maintain a segregated Eligible Account (the “Cash Management Account”) to be held by Agent in trust and for the benefit of Borrower and Lender and to which, during a Cash Sweep Period, all amounts that otherwise would have been wired to Master Tenant pursuant to the Clearing Account Agreement shall be transferred instead, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled in the name of Master Tenant for the benefit of Lender. Master Tenant shall grant to Borrower a first-priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will take all actions deemed necessary or desirable by Lender to maintain in favor of Borrower and of Lender, as Borrower’s assignee, a perfected first priority security interest in the Cash Management Account, including, without limitation, authorizing the filing of UCC-1 Financing Statements and continuations thereof. Borrower hereby grants to Lender a first priority security interest in all of Borrower’s right, title and interest in and to the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and shall take all actions deemed necessary or desirable by Lender to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, authorizing the filing of UCC-1 Financing Statements and continuations thereof. Borrower will not, and will not permit Master Tenant to, in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account, and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower or Master Tenant. (b) The insufficiency of funds on deposit in the Cash Management Account shall not relieve Borrower from the obligation to make any payments, as and when due pursuant to this Agreement and the other Loan Documents, and such obligations shall be separate and independent, and not conditioned on any event or circumstance whatsoever. (c) All funds on deposit in the Cash Management Account following the occurrence of an Event of Default or any Bankruptcy Action of Borrower or Manager and the acceleration of the Loan by Lender may be applied by Lender in such order and priority as Lender shall determine. If Lender has not accelerated the Loan notwithstanding the existence of an Event of Default or any Bankruptcy Action of Borrower, Master Tenant, Principal or Manager, Lender shall have the continuing exclusive control of, and right to withdraw and apply, funds in the Cash Management Account that would constitute rent under the Master Lease and all of Borrower’s Excess Cash Flow (excluding, for the avoidance of doubt, Master Tenant’s Excess Cash Flow) to payment of any and all debts, liabilities and obligations of Borrower to Lender pursuant to or in connection with this Agreement and the other Loan Documents, in such order, proportion and priority as Lender may determine in its sole discretion. Notwithstanding anything to the contrary contained in this Section 2.7.2(c), Lender shall make any Collected Taxes available for payment to the relevant tax authorities to the extent such Collected Taxes are required to be so remitted. (d) Borrower hereby agrees that Lender may modify the Cash Management Agreement for the purpose of establishing additional sub-accounts in connection with any payments otherwise required under this Agreement and the other Loan Documents and Lender shall provide notice thereof to Borrower.

Something went wrong!
Loading CSS chunk 7092 failed. (error: https://www.lawinsider.com/static/assets-legacy/auth-view-ContinueWithEmailDialogView.92dcaad299.css)