Account Customers. (a) The Company shall, and shall cause each of the Restricted Subsidiaries to, promptly notify in writing all future wholesale account customers and debtors that any amounts with respect to wholesale accounts receivable shall be paid directly into the Concentration Account specifying in such notice the name of the Concentration Bank and the branch and account number of such account. (b) The Company shall, and shall cause each of the Restricted Subsidiaries to, forward all funds received by the Company or such Restricted Subsidiaries in respect of accounts receivable or any other Accounts (in each case not otherwise deposited in a Collection Bank Account or the Concentration Account) to the Concentration Account by wire transfer of immediately available funds.
Appears in 4 contracts
Samples: Credit Agreement (Premcor Inc), Credit Agreement (Premcor Refining Group Inc), Credit Agreement (Clark Refining & Marketing Inc)
