Common use of Additional Depositary Banks Clause in Contracts

Additional Depositary Banks. (a) At any time after the Effective Date upon the delivery to the Collateral Agent of a joinder to this Agreement (a “Joinder Agreement”) in form and substance satisfactory to the Collateral Agent and consented to in writing by the Collateral Agent, any Approved Bank may become a Depositary Bank hereunder for the purpose of maintaining an existing Account previously maintained by another Depositary Bank (each, a “Moved Account”).

Appears in 6 contracts

Samples: Authority PSL Account Agreement, Authority PSL Account Agreement, Authority PSL Account Agreement

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