ACKNOWLEDGMENT OF APPLICATION. The Borrower hereby agrees that all amounts received by the Agent in the BKB Concentration Account will be the sole and exclusive property of the Agent, for the accounts of the Banks and the Agent, to be applied in accordance with Section 2.11 or Section 2.12 as applicable.
ACKNOWLEDGMENT OF APPLICATION. The Borrower hereby agrees that all amounts received by the Agent in the Borrower's Account will be the sole and exclusive property of the Agent, for the accounts of the Banks and the Agent, to be applied in accordance Section 2.8 or Section 2.9, as applicable.
ACKNOWLEDGMENT OF APPLICATION. The Borrower hereby agrees that all amounts received by the Administrative Agent in the Fleet Concentration Account will be the sole and exclusive property of the Administrative Agent, for the accounts of the Banks and the Administrative Agent, to be applied in accordance Section 2.11 or Section 2.12 as applicable.
ACKNOWLEDGMENT OF APPLICATION. The Borrowers hereby agree that all amounts received by the Administrative Agent in the Fleet Concentration Account will be the sole and exclusive property of the Administrative Agent, for the accounts of the Lenders and the Administrative Agent, to be applied in accordance ss.2.13.2 or ss.2.14 as applicable.
ACKNOWLEDGMENT OF APPLICATION. If at any time a Cash Dominion Event has occurred and is continuing (unless and until a Cash Dominion Cure Event shall have occurred), each Borrower hereby agrees that all amounts received in the Concentration Account will be the sole and exclusive property of the Collateral Agent, for the accounts of the Lenders and the Administrative Agent and, to the extent provided in the Collateral Agency Agreement, the holders of the Senior Notes, to be applied in accordance with the Collateral Agency Agreement, with the portion allocated under the Collateral Agency Agreement to the Lenders to be applied (x) with respect to a Cash Dominion Event arising from an Event of Default, in accordance with Section 13.5 and (y) with respect to any other Cash Dominion Event (but an Event of Default is not continuing), first, to any Unpaid Reimbursement Obligations; second, to the Swingline Loans; third, to the Revolving Credit Loans; fourth, to provide to the Administrative Agent Cash Collateral for Reimbursement Obligations as contemplated by Section 4.2(ii) and (iii) and fifth, to the Borrowers' operating account with the Administrative Agent or its Affiliate or, in the case of the UK Borrower or BGP(UK), to their Local Accounts; provided, however, subject to Section 6 hereof, (A) any payments by the UK Borrower shall be applied solely to the UK Loans or Unpaid Reimbursement Obligations or Reimbursement Obligations in respect of Letters of Credit issued for the account of the UK Borrower and (B) any payments by the Australian Borrower shall be applied solely to the Australian Loans or Unpaid Reimbursement Obligations or Reimbursement Obligations in respect of Letters of Credit issued for the account of the Australian Borrower. Notwithstanding anything in this Credit Agreement or any of the other Loan Documents to the contrary, the cash or depositary accounts of the U.K. Borrower or the Australian Borrower will not serve at any time, directly or indirectly, to collateralize the Co-Borrower Obligations.
ACKNOWLEDGMENT OF APPLICATION. The Borrowers hereby agree that all amounts received by the Agent in the BKB Concentration Account following the occurrence of a Default or an Event of Default will be the sole and exclusive property of the Agent, for the accounts of the Banks, subject to the Intercreditor Agreement and to be applied in accordance with Section 2.9.
ACKNOWLEDGMENT OF APPLICATION. The Domestic Borrowers and Guarantors hereby agrees that all amounts received by the Agent in the Fleet Concentration Account will be the sole and exclusive property of the Agent, for the accounts of the Banks and the Agent, to be applied in accordance ss.2.12.3 and 2.12.4. as applicable.
ACKNOWLEDGMENT OF APPLICATION. The Borrowers hereby agrees that all amounts received by the Agent in the BKB Concentration Account will be under the sole and exclusive dominion and control of the Agent, for the accounts of the Lenders and the Agent, to be applied in accordance ss.2.11 or ss.2.12 as applicable or as otherwise permitted by this Credit Agreement.
ACKNOWLEDGMENT OF APPLICATION. If at any time a Cash Dominion Event has occurred and is continuing (unless and until a Cash Dominion Cure Event shall have occurred), each Borrower hereby agrees that all amounts received in the Concentration Account will be the sole and exclusive property of the First Lien Agent and the Administrative Agent, to be applied, in accordance with the Intercreditor Agreement, the First Lien Credit Agreement and this Loan Agreement, as applicable. The Borrowers and Guarantors shall not permit their outstanding liabilities and obligations on account of any purchase cards to exceed $12,000,000 at any time.
ACKNOWLEDGMENT OF APPLICATION. Each Credit Party hereby agrees that all amounts received by the Administrative Agent in the Concentration Account will be applied in accordance with 2.11 or 2.12 as applicable.
