Agreement with BFDS Sample Clauses

Agreement with BFDS. IIT REIT hereby confirms that all subscription payments for Equity Interests are deposited in an account held at State Street Bank for which the account number has been disclosed in writing to Agent (the “Restricted Account”). Prior to any Borrowing, IIT REIT shall have entered into an agreement (the “BFDS Letter Agreement”) with the Agent and Boston Financial Data Services, Inc. (“BFDS”) as transfer agent for the Equity Issuance. The Agent hereby acknowledges that the BFDS Letter Agreement is in form and substance acceptable to the Agent. IIT REIT agrees that so long as any Obligations are due and owing hereunder, IIT REIT shall not (i) have the authority to submit payment redirection instructions with respect to the Restricted Account, (ii) amend the agreement which governs the Restricted Account, or (iii) substitute any other account in each case without the written consent of the Agent. BFDS shall remain as the transfer agent for the Equity Issuances unless the Agent otherwise consents in writing.
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  • NOW THIS AGREEMENT WITNESSES Definitions

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