Agency Account Agreements. The Borrower shall have established the ------------------------- BKB Concentration Account, and the Agent shall have received an Agency Account Agreement executed by each depository institution with a Local Account or an Interim Concentration Account.
Agency Account Agreements. Each Agency Account Agreement shall require that, during the occurrence and continuation of a Cash Dominion Trigger Period and upon instruction of the Administrative Agent, each depositary bank party to such Agency Account Agreement transfer all cash receipts and other collections by ACH or wire transfer no less frequently than daily to an account in the name of the Administrative Agent designated by the Administrative Agent (the “Collection Account”); provided that so long as any Obligations are then outstanding, for the purposes of calculating interest, one Business Day shall be deemed added to the date such transfer is received. The Credit Parties hereby acknowledge and agree that (i) the Credit Parties have no right of withdrawal from the Collection Account, (ii) the funds on deposit in the Collection Account shall at all times be collateral security for all of the Obligations and (iii) during the continuance of such Cash Dominion Trigger Period, the funds on deposit in the Collection Account may be applied as provided in Section 2.05(c); provided that, if a Cash Dominion Trigger Period is no longer in effect, upon the request of the Borrower, the Administrative Agent shall promptly transfer any funds held in the Collection Account to a Concentration Account and/or the Reserved Cash Account, in each case as designated by the Borrower. In the event that, notwithstanding the provisions of this Section 6.16(a) or (b), any Credit Party receives or otherwise has dominion and control of any such proceeds or collections described above, such proceeds and collections shall be held in trust by such Credit Party for the Administrative Agent, and shall, not later than the Business Day after such Credit Party’s knowledge of receipt thereof, be deposited into a Concentration Account, or during the occurrence and continuation of a Cash Dominion Trigger Period, the Collection Account, or dealt with in such other fashion as such Credit Party may be reasonably instructed by the Administrative Agent.
Agency Account Agreements. The Borrower shall have established the Fleet Concentration Account, and the Administrative Agent shall have received an Agency Account Agreement executed by each depository institution with a Local Account.
Agency Account Agreements. See Section 8.15.1.
Agency Account Agreements each duly executed by a Borrower and the Clearing Bank party thereto, or such other agreements with Agent regarding each of the Borrowers' Lockboxes, Lockbox Accounts and other cash and deposit accounts, as requested by Agent;
Agency Account Agreements. The Administrative Agent shall have received an Agency Account Agreement, from each depository institution at which CML, any of the Borrowers or any of the Guarantors maintains depository accounts which the Administrative Agent in its sole discretion has identified as a key concentration account concerning the Administrative Agent's interest for the benefit of the Lenders and the Administrative Agent in such accounts.
Agency Account Agreements. 66 10.9. Borrowing Base and Collateral Update Certificates.............................................67 10.10. Accounts Receivable Aging Report..............................................................67 10.11.
Agency Account Agreements. The Company shall maintain the lock box account maintained by the Company with Bank of America, N.A. as of the date hereof, provided, however, if the Company terminates such lock box account pursuant to 10.13 or otherwise instructs account debtors or other obligors to remit payments to an account other than such lock box account, the Company shall have established new cash management arrangements on terms reasonably satisfactory to the Agent with financial institutions which have executed agency account agreements in form and substance reasonably satisfactory to the Agent.
Agency Account Agreements. Subject to the terms of the Comdata Subordination Agreement, within thirty (30) days after the Effective Date, the Agent shall have received fully executed agency account agreements in form and substance satisfactory to the Agent, with each bank (other than the Agent) with which the Borrower or any Subsidiary maintains a lockbox, concentration or other account into which domestic cash receipts and proceeds of accounts receivable are deposited.
Agency Account Agreements. The Credit Parties shall have established the Concentration Account and such other deposit account control agreements relating to their respective domestic deposit accounts reasonably required by the Administrative Agent.
