Common use of Account Restructuring Date Clause in Contracts

Account Restructuring Date. On the Account Restructuring Date, the Servicer entered into, or caused the Borrower to enter into, the Security Agreement, the Master Deposit Account Control Agreement and the Xxxxx Fargo Deposit Account Control Agreement, amended the Intercreditor Agreement and delivered to the Administrative Agent an Opinion of Counsel to the effect that such agreements (i) are the valid, binding and enforceable obligations of the parties thereto and (ii) created a perfected security interest for the benefit of the Administrative Agent in the Master Deposit Account and the Additional Deposit Accounts, prior to any other security interest created under Article 9 of the New York UCC, perfected by a method other than control, in each case in form and substance satisfactory to the Administrative Agent.

Account Restructuring Date. On the Account Restructuring Date, the Servicer entered into, will enter or caused cause the Borrower to enter into, into the Security Agreement, the Master Deposit Account Control Agreement and the Xxxxx Fargo Deposit Account Control Agreement, amended amend the Intercreditor Agreement and delivered deliver to the Administrative Agent an Opinion of Counsel to the effect that such agreements are (i) are the valid, binding and enforceable obligations obligation of the parties thereto and (ii) created create a perfected security interest for the benefit of the Administrative Agent in the Master Deposit Account and the Additional Deposit Accounts, prior to any other security interest created under Article 9 of the New York UCC, perfected by a method other than control, in each case in form and substance satisfactory to the Administrative Agent.

Account Restructuring Date. On the Account Restructuring Date, the Servicer Borrower entered into, or caused the Borrower Servicer to enter into, the Security Agreement, the Master Deposit Account Control Agreement and the Xxxxx Fargo Deposit Account Control Agreement, amended the Intercreditor Agreement and delivered to the Administrative Agent an Opinion of Counsel to the effect that such agreements (i) are the valid, binding and enforceable obligations of the parties thereto and (ii) created a perfected security interest for the benefit of the Administrative Agent in the Master Deposit Account and the Additional Deposit Accounts, prior to any other security interest created under Article 9 of the New York UCC, perfected by a method other than control, in each case in form and substance satisfactory to the Administrative Agent.

Account Restructuring Date. On the Account Restructuring Date, the Borrower will enter or cause the Servicer entered into, or caused the Borrower to enter into, into the Security Agreement, the Master Deposit Account Control Agreement and the Xxxxx Fargo Deposit Account Control Agreement, amended amend the Intercreditor Agreement and delivered deliver to the Administrative Agent an Opinion of Counsel to the effect that such agreements are (i) are the valid, binding and enforceable obligations obligation of the parties thereto and (ii) created create a perfected security interest for the benefit of the Administrative Agent in the Master Deposit Account and the Additional Deposit Accounts, prior to any other security interest created under Article 9 of the New York UCC, perfected by a method other than control, in each case in form and substance satisfactory to the Administrative Agent.