Account Control Agreements; Additional Bank Accounts. Set forth on Schedule 3.16(c) is a complete and accurate list of all checking, savings or other accounts (including securities accounts) of the Credit Parties at any bank or other financial institution, or any other account where money is or may be deposited or maintained with any Person as of the Closing Date. Beginning forty-five (45) days following the Closing Date, each of the Credit Parties will not open, maintain or otherwise have any checking, savings or other accounts (including securities accounts) at any bank or other financial institution, or any other account where money is or may be deposited or maintained with any Person, other than (a) deposit accounts that are subject to a Deposit Account Control Agreement, (b) securities accounts that are subject to a Securities Account Control Agreement, (c) deposit accounts established solely as payroll and other zero balance accounts and (d) other deposit accounts, so long as at any time the balance in any such account does not exceed $50,000 and the aggregate balance in all such accounts does not exceed $50,000.
Appears in 3 contracts
Samples: Credit Agreement (Carrols Restaurant Group, Inc.), Credit Agreement (Carrols Restaurant Group, Inc.), Credit Agreement (Carrols Restaurant Group, Inc.)
Account Control Agreements; Additional Bank Accounts. Set forth on Schedule 3.16(c) 6.14 is a complete and accurate list of all checking, savings or other accounts (including securities accounts) of the Credit Parties at any bank or other financial institution, or any other account where money is or may be deposited or maintained with any Person as of the Closing Date. Beginning forty-five (45) days following the Closing Date, each Each of the Credit Parties will not not, nor will it permit any Subsidiary to, open, maintain or otherwise have any checking, savings or other accounts (including securities accounts) at any bank or other financial institution, or any other account where money is or may be deposited or maintained with any Person, other than (a) deposit accounts that are subject to a Deposit Account Control Agreement, (b) securities accounts that are subject to a Securities Account Control Agreement, (c) deposit accounts established solely as payroll and other zero balance accounts and (d) other deposit accounts, so long as at any time the balance in any such account does not exceed $50,000 100,000 and the aggregate balance in all such accounts does not exceed $50,000500,000.
Appears in 3 contracts
Samples: Credit Agreement (Osi Systems Inc), Credit Agreement (Osi Systems Inc), Credit Agreement (Osi Systems Inc)
Account Control Agreements; Additional Bank Accounts. Set forth on Schedule 3.16(c) is a complete and accurate list of all checking, savings or other accounts (including securities accounts) of the Credit Parties at any bank or other financial institution, or any other account where money is or may be deposited or maintained with any Person as of the Closing Date. Beginning forty-five (45) days following the Closing Date, each Each of the Credit Parties will not open, maintain or otherwise have any checking, savings or other accounts (including securities accounts) at any bank or other financial institution, or any other account where money is or may be deposited or maintained with any Person, other than (a) deposit accounts that are subject to a Deposit Account Control AgreementAgreement or are held with the Administrative Agent, (b) securities accounts that are subject to a Securities Account Control Agreement, (c) deposit accounts established solely as payroll and other zero balance accounts and (d) other deposit accounts, so long as at of any time the balance in any such account does not exceed $50,000 100,000 and the aggregate balance in all such accounts does not exceed $50,000250,000.
Appears in 1 contract
Account Control Agreements; Additional Bank Accounts. Set forth on Schedule 3.16(c) 6.14 is a complete and accurate list of all checking, savings or other accounts (including securities accounts) of the Credit Parties at any bank or other financial institution, or any other account where money is or may be deposited or maintained with any Person of the Credit Parties as of the Closing Date. Beginning forty-five (45) days following the Closing Date, each Each of the Credit Parties will not not, nor will it permit any Subsidiary to, open, maintain or otherwise have any checking, savings or other accounts (including securities accounts) at any bank or other financial institution, or any other account where money is or may be deposited or maintained with any Person, other than (a) the accounts set forth on Schedule 6.14 and designated as unrestricted accounts; provided that the balance on any such account does not exceed $100,000 and the aggregate balance in all such accounts does not exceed $250,000, (b) deposit accounts that are subject to a Deposit Account Control Agreement, (bc) securities accounts that are subject to a Securities Account Control Agreement, (cd) deposit accounts established solely as payroll and other zero balance accounts and (de) other deposit accounts, so long as at any time the balance in any such account does not exceed $50,000 100,000 and the aggregate balance in all such accounts does not exceed $50,000250,000.
Appears in 1 contract
Samples: Credit Agreement (New Century Transportation, Inc.)