Additional Deposit Accounts. If a New Issuer Deposit Account has a balance in excess of $100,000 at any time, the Issuer shall within ten (10) Business Days thereafter (i) transfer from such New Issuer Deposit Account the amount by which the deposits in such account are in excess of $100,000 to a Pledged Deposit Account, or (ii) cause to be delivered to the Indenture Trustee a New Issuer Deposit Account Control Agreement with respect to such New Issuer Deposit Account. At the time of delivery of any New Issuer Deposit Account Control Agreement, the Issuer shall deliver an Opinion of Counsel to the Indenture Trustee that such agreement creates an enforceable perfected security interest against the applicable Collateral under applicable law.
Additional Deposit Accounts. Create or replace any deposit account listed on Schedule 5.21 (other than payroll or benefit accounts) unless (i) the Administrative Agent shall have consented in writing in advance to the addition or replacement of such account with the relevant bank, (ii) prior to the time of the opening of any such new account, the applicable Loan Party and such bank shall have executed and delivered to the Administrative Agent a tri-party blocked account agreement, in form and substance satisfactory to the Administrative Agent, and (iii) prior to the time of the opening of such new account, the Loan Parties shall have delivered to the Administrative Agent an updated Schedule 5.21 (together with any amendments or supplements to the schedules to the Guarantee and Collateral Agreement) reflecting the additional or subtracted account.
Additional Deposit Accounts. Subject to the exceptions contained in Section 16.02 of the Indenture, no Grantor may establish a new Deposit Account unless (i) it shall have given to the Collateral Trustee not less than 1 Business Day's prior written notice of its intention to do so, clearly describing the location and account number of such new Deposit Account and providing such other information in connection therewith as the Collateral Trustee may reasonably request; provided that any such new Deposit Account shall be established only for legitimate cash management purposes and (ii) with respect to such new Deposit Account, if 11 established with a Bank domiciled in the United States, it shall have entered into a Control Agreement, with such changes as the Bank may reasonably require and the Collateral Trustee shall approve (or take equivalent steps with respect to a Deposit Account held by a Bank not domiciled in the United States).
Additional Deposit Accounts. Account 1 Financial Institution Routing # Account # Deposit Amount: $ Account 2 Account is a Checking (Attach VOID check) Savings Financial Institution Routing # Account # Deposit Amount: $ Account is a Checking (Attach VOID check) Savings AUTHORIZATION I hereby authorize the “LAPEER COUNTY INTERMEDIATE SCHOOL DISTRICT” to deposit my payroll earnings into the account (s) listed above and if necessary, debit entries or adjustments for any deposits made in error to my (our) account. This is to remain in full force and effect until written notice from me has been received by the company in such a manner as to afford reasonable time to act on it. Date Employee Signature EMPLOYER USE ONLY Date Received: Date Entered: Entered by:
Additional Deposit Accounts. No Credit Party shall open any new deposit account, securities account or investment account, other than the Specified Permitted Investments Account, unless (i) the Credit Parties shall have given at least thirty (30) days prior written notice to Agent and (ii) if such account is to be maintained with a bank, depository institution or securities intermediary that is not the Agent, such bank, depository institution or securities intermediary, each applicable Credit Party and Agent shall first have entered into an account control agreement in form and substance satisfactory to Agent sufficient to give Agent “control” (for purposes of Articles 8 and 9 of the Uniform Commercial Code or the purposes of the PPSA or the Securities Transfer Act (Alberta), as applicable) over such account.
Additional Deposit Accounts. Subject to the time periods set forth in Sections 5.9 and 5.14, each Borrower will not, and will not permit any other Loan Party to, directly or indirectly, open, maintain or otherwise have any deposit accounts at any bank or other financial institution where cash or Cash Equivalents are or may be deposited or maintained with any Person, other than the Controlled Accounts and the Exempt Accounts.
Additional Deposit Accounts. From and after sixty (60) days after the Effective Date, the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, open, establish or maintain any operating, revenue, collection or other deposit accounts (other than Excluded Accounts) with any depositary bank other than those depositary banks with whom the Borrower or such Restricted Subsidiary maintains its deposit accounts on and as of the Effective Date unless (a) the Administrative Agent shall have consented in writing to the opening or establishment of a new deposit account and (b) such new deposit account shall be, concurrently with its opening or establishment, subject to the Administrative Agent’s control pursuant to a Control Agreement.
Additional Deposit Accounts. Create, open, or deposit any funds into a Deposit Account (as such term is defined in Arizona Revised Statutes Section 47-9102) other than a Deposit Account maintained by Bank unless (i) Bank shall have consented in writing in advance to the addition of such Deposit Account with the relevant bank, and (ii) prior to the time of the opening of any such Deposit Account. Bank, Borrower and such bank shall have executed and delivered to Bank a deposit account control agreement in form and substance satisfactory to Bank.
Additional Deposit Accounts. Except for Deposit Accounts subject to a Blocked Account Agreement, including the Depository Account, Borrower shall not, without the prior written consent of Lender, open or maintain any Deposit Accounts of any nature with any Depository into which any funds related to the Services or the Transactions are deposited.
Additional Deposit Accounts. From and after the Tenth Amendment Effective Date, the Borrower shall not, and shall not permit any of its Subsidiaries to, open, establish or maintain any operating, revenue, collection or other deposit accounts (other than Excluded Accounts) with any depositary bank other than those depositary banks with whom Borrower or such Subsidiary maintains its deposit accounts on and as of the Tenth Amendment Effective Date unless (a) the Administrative Agent shall have consented in writing to the opening or establishment of a new deposit account and (b) such new deposit account shall be, concurrently with its opening or establishment, subject to the Administrative Agent’s control pursuant to an account control agreement in form and substance reasonably acceptable the Administrative Agreement.”
