Common use of Additional Bank Accounts Clause in Contracts

Additional Bank Accounts. Each Borrower shall not, and shall not permit any Subsidiary to, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 5.15 hereto, except: (a) as to any new or additional Blocked Accounts and other such new or additional accounts which contain any Collateral or proceeds thereof, with the prior written consent of Lender and subject to such conditions thereto as Lender may establish and (b) as to any accounts used by such Borrower or its Subsidiaries to make payments of payroll, taxes or other obligations to third parties, after prior written notice to Lender.

Additional Bank Accounts. Each Borrower shall not, and shall not permit any Subsidiary toensure that each Obligor does not, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 5.15 7.8 hereto, except: (a) as to any new or additional Blocked Accounts and other such new or additional accounts which contain any Collateral or proceeds thereof, with the prior written consent of Lender and subject to such conditions thereto as Lender may establish and (b) as to any accounts used by such Borrower or its Subsidiaries any Obligor to make payments of payroll, taxes or other obligations to third parties, after prior written notice to Lender.

Additional Bank Accounts. Each At any time on or after the initial borrowings hereunder, Borrower shall not, and shall not permit any Subsidiary to, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 5.15 8.8 hereto, except: (a) as to any new or additional Blocked Accounts and other such new or additional accounts which contain any Collateral or proceeds thereof, with the prior written consent of Lender and subject to such conditions thereto as Lender may establish and establish, (b) as to any accounts used by such Borrower or its Subsidiaries to make payments of payroll, taxes or other obligations to third parties, after prior written notice to LenderLender and (c) the Collateral Account (as defined in the Indenture).

Additional Bank Accounts. Each Borrower shall not, and shall not permit any Subsidiary toensure that each Obligor does not, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 5.15 7.8 hereto, except: (a) as to any new or additional Blocked Accounts and other such new or additional accounts which contain any Collateral or proceeds thereof, with the prior written consent of Lender and subject to such conditions thereto as Lender may establish establish, and (b) as to any accounts used by such Borrower or its Subsidiaries any Obligor to make payments of payroll, taxes or other obligations to third parties, after prior written notice to Lender.

Additional Bank Accounts. Each Borrower shall not, and shall not permit any Subsidiary towithout the prior consent of Lender, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 5.15 8.8 hereto, except: (a) as to any new or additional Blocked Accounts and other such new or additional accounts which contain any Collateral or proceeds thereof, with the prior written consent of Lender and subject to such conditions thereto as Lender may establish and establish; (b) as to any accounts used by such Borrower or its Subsidiaries to make payments of payroll, taxes or other obligations to third parties, after prior written notice to Lender; and (c) as to any new Excluded Accounts.

Additional Bank Accounts. Each Borrower shall not, and shall not permit any Subsidiary to, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Payments Accounts, Blocked Accounts and the accounts set forth in Schedule 5.15 8.8 hereto, except: (a) as to any new or additional Blocked Accounts and other such new or additional accounts which contain any Collateral or proceeds thereof, with the prior written consent of Lender and subject to such conditions thereto as Lender may establish and (b) as to any accounts used by such Borrower or its Subsidiaries to make payments of payroll, taxes or other obligations to third parties, after prior written notice to Lender.