Common use of Blocked Account/Cash Management Systems Clause in Contracts

Blocked Account/Cash Management Systems. The Agent shall have received evidence satisfactory to the Agent that, as of the Original Effective Date, blocked account and cash management systems complying with Section 2.17 have been established and are currently being maintained in the manner set forth in such Section 2.17, and the Agent shall have received copies of duly executed tri-party blocked account and other control agreements satisfactory to the Agent, acting reasonably, with the banks and other Persons as required hereunder or pursuant to Section 5.14.

Appears in 4 contracts

Samples: Credit Agreement (Mercer International Inc.), Credit Agreement (Mercer International Inc.), Credit Agreement (Mercer International Inc.)

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Blocked Account/Cash Management Systems. The Agent shall have received evidence satisfactory to the Agent that, as of the Original Effective Date, blocked account and cash management systems complying with Section 2.17 have been established and are currently being maintained in the manner set forth in such Section 2.17, and the Agent shall have received copies of duly executed tri-party blocked account and other control agreements - 61 - satisfactory to the Agent, acting reasonably, with the banks and other Persons as required hereunder or pursuant to Section 5.14.

Appears in 1 contract

Samples: Credit Agreement (Mercer International Inc.)

Blocked Account/Cash Management Systems. The Agent shall have received evidence satisfactory to the Agent that, as of the Original Effective Date, blocked account and cash management systems complying with Section 2.17 2.18 have been established and are currently being maintained in the manner set forth in such Section 2.172.18, and the Agent shall have received copies of duly executed tri-party blocked account and other control agreements satisfactory to the Agent, acting reasonably, with the banks and other Persons as required hereunder or pursuant to by Section 5.145.13.

Appears in 1 contract

Samples: Credit Agreement (Catalyst Paper Corp)

Blocked Account/Cash Management Systems. The Agent shall have received evidence satisfactory to the Agent that, as of the Original Effective Date, blocked account and cash management systems complying with Section 2.17 have been established and are currently being maintained in the manner set forth in such Section 2.17, and the Agent shall have received copies of duly executed tri-party blocked account and other control agreements satisfactory to the Agent, acting reasonably, Agent with the banks and other Persons as required hereunder or pursuant to by Section 5.145.15.

Appears in 1 contract

Samples: Credit Agreement (Canwest Media Inc)

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Blocked Account/Cash Management Systems. The Agent shall have received evidence satisfactory to the Agent that, as of the Original Effective Date, blocked account and cash management systems complying with Section 2.17 have been established and are currently being maintained in the manner set forth in such Section 2.17, and the Agent shall have received copies of duly executed tri-party blocked account and other control agreements satisfactory to the Agent, acting reasonably, with the banks and other Persons as required hereunder or pursuant to by Section 5.145.13.

Appears in 1 contract

Samples: Credit Agreement (BlueLinx Holdings Inc.)

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