Common use of Administration of Deposit Accounts Clause in Contracts

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by Borrowers, including all Dominion Accounts as of the Effective Date. Each Borrower shall take all actions necessary to establish Agent’s control of each such Deposit Account (other than an account exclusively used for payroll, payroll taxes, taxes, employee benefits, fiduciary or trust accounts or an account containing not more than $10,000 at any time (other than xxxxx cash accounts in an aggregate amount for all such accounts not to exceed $200,000)). Each Borrower shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than (i) Agent, (ii) Term Loan Agent on a second priority basis, and (iii) the depositary bank maintaining the account for the applicable Borrower) to have control over a Deposit Account or any Property deposited therein. Each Borrower shall promptly notify Agent of any opening or closing of a Deposit Account.

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by BorrowersObligors, including all Dominion Accounts as of the Effective DateAccounts. Each Borrower Obligor shall take all actions necessary to establish Agent’s control of each such Deposit Account (other than (x) an account exclusively used for payroll, payroll taxes, taxes, taxes or employee benefits, fiduciary benefits or trust accounts or (y) an account containing not more than $10,000 50,000 at any time (other than xxxxx cash accounts so long as the aggregate balance maintained in an aggregate amount for all such accounts under this clause (y) does not to exceed $200,000)750,000 at any time). Each Borrower Obligor shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than (i) Agent, (ii) Term Loan Agent on a second priority basis, and (iii) the depositary bank maintaining the account for the applicable Borrower) to have control over a Deposit Account or any Property deposited therein. Each Borrower Obligor shall promptly notify Agent of any opening or closing of a Deposit AccountAccount and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by BorrowersObligors, including all Dominion Accounts as of the Effective DateAccounts. Each Borrower Obligor shall take all actions necessary to establish Agent’s 's control of each such Deposit Account (other than (x) an account exclusively used for payroll, payroll taxes, taxes, taxes or employee benefits, fiduciary benefits or trust accounts or (y) an account containing not more than $10,000 50,000 at any time (other than xxxxx cash accounts so long as the aggregate balance maintained in an aggregate amount for all such accounts under this clause (y) does not to exceed $200,000)750,000 at any time). Each Borrower Obligor shall be the sole account holder of each Deposit Account and shall not allow any other Person (other than (i) Agent, (ii) Term Loan Agent on a second priority basis, and (iii) the depositary bank maintaining the account for the applicable Borrower) to have control over a Deposit Account or any Property deposited therein. Each Borrower Obligor shall promptly notify Agent of any opening or closing of a Deposit AccountAccount and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

Administration of Deposit Accounts. Schedule 8.5 sets forth all Deposit Accounts maintained by Borrowers, including all Dominion Accounts as of the Effective DateAccounts. Each Borrower shall take all actions necessary to establish Agent’s control of each such Deposit Account (other than an Excluded Deposit Accounts and any account exclusively used for payroll, payroll taxes, taxes, taxes or employee benefits, fiduciary or trust any accounts or an account containing not more than that $10,000 250,000 in the aggregate at any time (other than xxxxx cash accounts in an aggregate amount for all such accounts not to exceed $200,000)time). Each Borrower shall be the sole account holder of each Deposit Account (other than Shared Deposit Accounts and Excluded Deposit Accounts) and shall not allow any other Person (other than (i) Agent, (ii) Agent or the Term Loan Agent on a second priority basis, and (iii) the depositary bank maintaining the account for the applicable BorrowerAgent) to have control over a Deposit Account or any Property deposited therein. Each Borrower shall promptly notify Agent of any opening or closing of a Deposit AccountAccount and, with the consent of Agent, will amend Schedule 8.5 to reflect such change.