Common use of Cash Collateral Accounts Clause in Contracts

Cash Collateral Accounts. (a) If and when required for purposes hereof, the Collateral Agent will establish with respect to each Lien Grantor an account (its "CASH COLLATERAL ACCOUNT"), in the name and under the exclusive control of the Collateral Agent, subject to Section 6(d). (b) The Collateral Agent shall deposit the following amounts, as and when received by it, in each Lien Grantor's Cash Collateral Account: (i) each Cash Distribution required by Section 9 to be deposited therein and (ii) each amount received by the Collateral Agent with respect to assets of such Lien Grantor upon any exercise of remedies pursuant to any Pledge Document upon the occurrence and during the continuance of (x) with respect to Illiquid Collateral, an Event of Default and (y) with respect to Liquid Collateral, a Specified Event of Default. (c) The Collateral Agent shall maintain such records and/or establish such sub-accounts as shall be required to enable it to identify the amounts held in each Cash Collateral Account from time to time pursuant to Section 6(b). (d) Unless (x) an Event of Default shall have occurred and be continuing and the Required Secured Banks shall have instructed the Collateral Agent to stop withdrawing amounts from the Cash Collateral Accounts pursuant to this subsection or (y) the maturity of any of the Bonds or the indebtedness outstanding under the Credit Agreements shall have been accelerated, any Cash Distribution or other amounts deposited in the Cash Collateral Account shall, at the relevant Lien Grantor's request, (x) be withdrawn and applied to pay Secured Obligations that are then due and payable or (y) if no Event of Default has occurred and is continuing, be withdrawn and returned to such Lien Grantor.

Cash Collateral Accounts. (a) If and when required for purposes hereof, the Collateral Agent will establish with respect to each Lien Grantor an account (its "CASH COLLATERAL ACCOUNT"), in the name and under the exclusive control of the Collateral Agent, subject to Section 6(d). (b) The Collateral Agent shall deposit the following amounts, as and when received by it, in each Lien Grantor's Cash Collateral Account: (i) each Cash Distribution required by Section 9 10 to be deposited therein and (ii) and each amount realized or otherwise received by the Collateral Agent with respect to assets of such Lien Grantor upon any exercise of remedies pursuant to any Pledge Document upon the occurrence and during the continuance of (x) with respect to Illiquid Collateral, an Event of Default and (y) with respect to Liquid Collateral, a Specified Event of Default. (c) The Collateral Agent shall maintain such records and/or establish such sub-accounts as shall be required to enable it to identify the amounts held in each Cash Collateral Account from time to time pursuant to Section 6(b). (d) Unless (x) an Event of Default shall have occurred and be continuing and the Required Secured Banks shall have instructed the Collateral Agent to stop withdrawing amounts from the Cash Collateral Accounts pursuant to this subsection 6(d) or (y) the maturity of any of the Bonds or the indebtedness outstanding under the Credit Agreements shall have been accelerated, any Cash Distribution Distributions or other amounts deposited in the Cash Collateral Account shall, at the relevant Lien Grantor's request, (xA) be withdrawn and applied to pay Secured Obligations that are then due and payable or (yB) if no Event of Default has occurred and is continuing, be withdrawn and returned to such Lien Grantor.

Cash Collateral Accounts. (a) If and when required for purposes hereof, the Collateral Agent will establish with respect to each Lien Grantor an account (its "CASH COLLATERAL ACCOUNT"), in the name and under the exclusive control of the Collateral Agent, subject to Section 6(d). (b) The Collateral Agent shall deposit the following amounts, as and when received by it, in each Lien Grantor's Cash Collateral Account: (i) each Cash Distribution required by Section 9 10 to be deposited therein and (ii) and each amount realized or otherwise received by the Collateral Agent with respect to assets of such Lien Grantor upon any exercise of remedies pursuant to any Pledge Document upon the occurrence and during the continuance of (x) with respect to Illiquid Collateral, an Event of Default and (y) with respect to Liquid Collateral, a Specified Event of Default. (c) The Collateral Agent shall maintain such records and/or establish such sub-accounts as shall be required to enable it to identify the amounts held in each Cash Collateral Account from time to time pursuant to Section 6(b). (d) Unless (x) an Event of Default shall have occurred and be continuing and the Required Secured Banks shall have instructed the Collateral Agent to stop withdrawing amounts from the Cash Collateral Accounts pursuant to this subsection 6(d) or (y) the maturity of any of the Bonds or the indebtedness outstanding under the Credit Agreements shall have been accelerated, any Cash Distribution Distributions or other amounts deposited in the Cash Collateral Account shall, at the relevant Lien Grantor's request, (x) be withdrawn and applied to pay Secured Obligations that are then due and payable or (y) if no Event of Default has occurred and is continuing, be withdrawn and returned to such Lien Grantor.at

Cash Collateral Accounts. (a) If and when required for purposes hereof, the Collateral Agent will establish with respect to each Lien Grantor an account (its "CASH COLLATERAL ACCOUNT"), in the name and under the exclusive control of the Collateral Agent, subject to Section 6(d). (b) The Collateral Agent shall deposit the following amounts, as and when received by it, in each Lien Grantor's Cash Collateral Account: (i) each Cash Distribution required by Section 9 10 to be deposited therein and (ii) each amount realized or otherwise received by the Collateral Agent with respect to assets of such Lien Grantor upon any exercise of remedies pursuant to any Pledge Document upon the occurrence and during the continuance of (x) with respect to Illiquid Collateral, an Event of Default and (y) with respect to Liquid Collateral, a Specified Event of Default. (c) The Collateral Agent shall maintain such records and/or establish such sub-accounts as shall be required to enable it to identify the amounts held in each Cash Collateral Account from time to time pursuant to Section 6(b). (d) Unless (x) an Event of Default shall have occurred and be continuing and the Required Secured Banks shall have instructed the Collateral Agent to stop withdrawing amounts from the Cash Collateral Accounts pursuant to this subsection 6(d) or (y) the maturity of any of the Bonds or the indebtedness outstanding under the Credit Agreements shall have been accelerated, any Cash Distribution Distributions or other amounts deposited in the Cash Collateral Account shall, at the relevant Lien Grantor's request, (xA) be withdrawn and applied to pay Secured Obligations that are then due and payable or (yB) if no Event of Default has occurred and is continuing, be withdrawn and returned to such Lien Grantor.

Cash Collateral Accounts. (a) If At any time while an Event of Default has occurred and when required for purposes hereofis continuing, the Collateral Administrative Agent will establish with respect to each Lien Grantor an account (its "CASH COLLATERAL ACCOUNTCash Collateral Account"), in the name and under the exclusive control of the Collateral Administrative Agent, subject into which all amounts owned by such Lien Grantor that are required to be deposited therein upon the occurrence and during the continuance of an Event of Default pursuant to Section 6(d2.05(j) of the Credit Agreement or any other provision of the Loan Documents (including Section 9(b)) shall be deposited from time to time. No Lien Grantor shall be required to (but any Lien Grantor may, at its option) deposit any amounts owed by it into its Cash Collateral Account unless an Event of Default has occurred and is continuing. Each Cash Collateral Account will be operated as provided in this Section and Section 10. (b) The Collateral Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent shall deposit in the following amounts, as and when received by it, in Cash Collateral Account of each Lien Grantor's Cash Collateral Account: : (i) each Cash Distribution required by Section 9 the provisions of the Loan Documents to be deposited therein and therein; and (ii) each amount realized or otherwise received by the Collateral Administrative Agent with respect to assets of such Lien Grantor upon any exercise of remedies pursuant to any Pledge Document upon the occurrence and during the continuance of (x) with respect to Illiquid Collateral, an Event of Default and (y) with respect to Liquid Collateral, a Specified Event of DefaultCollateral Document. (c) The Collateral Agent shall maintain such records and/or establish such sub-accounts as shall be required to enable it to identify the amounts held in each Cash Collateral Account from At any time to time pursuant to Section 6(b). (d) Unless (x) an Event of Default shall have occurred and be continuing and the Required Secured Banks shall have instructed the Collateral Agent to stop withdrawing amounts from the Cash Collateral Accounts pursuant to this subsection or (y) the maturity of any of the Bonds or the indebtedness outstanding under the Credit Agreements shall have been accelerated, any Cash Distribution or other amounts deposited in the Cash Collateral Account shall, at the relevant Lien Grantor's request, (x) be withdrawn and applied to pay Secured Obligations that are then due and payable or (y) if while no Event of Default has occurred and is continuing, be withdrawn upon request by the relevant Lien Grantor, the Administrative Agent shall withdraw any amounts on deposit in the Cash Collateral Accounts and returned return such amount to such Lien Grantor.

Cash Collateral Accounts. (a) If and when required for purposes hereof, the Collateral Agent will establish with respect to each Lien Grantor an account (its "CASH COLLATERAL ACCOUNTCash Collateral Account"), in the name and under the exclusive control of the Collateral Agent, subject into which all amounts owned by such Lien Grantor that are required to be deposited therein pursuant to the Financing Documents shall be deposited from time to time. Each Cash Collateral Account will be operated as provided in this Section 6(d)and Section 11. (b) The Collateral Agent shall deposit in the following amounts, as and when received by it, in Cash Collateral Account of each Lien Grantor's Cash Collateral Account: : (i) each Cash Distribution required by Section 9 the provisions of the Financing Documents to be deposited therein and therein; and (ii) each amount realized or otherwise received by the Collateral Agent with respect to assets of such Lien Grantor upon any exercise of remedies pursuant to any Pledge Document upon the occurrence and during the continuance of (x) with respect to Illiquid Collateral, an Event of Default and (y) with respect to Liquid Collateral, a Specified Event of DefaultSecurity Document. (c) The Collateral Agent shall maintain such records and/or establish such sub-accounts as shall be required to enable it to identify the amounts held in each Cash Collateral Account from time to time pursuant to Section 6(b). (d) Unless (x) an Event of Default shall have occurred and be continuing and the Required Secured Banks shall have instructed the Collateral Agent to stop withdrawing amounts from the Cash Collateral Accounts pursuant to this subsection or (y) the maturity of any of the Bonds or the indebtedness outstanding under the Credit Agreements Loans shall have been acceleratedaccelerated pursuant to Article 7 of the Credit Agreement, the Collateral Agent shall withdraw any Cash Distribution or other amounts deposited in pursuant to the Financing Documents from the Cash Collateral Account shallAccounts and pay such amounts to the Administrative Agent as and when requested by it, at upon a prior request by the relevant Lien Grantor's requestGrantor to the Administrative Agent, for purposes of (x) be withdrawn and applied to pay paying Secured Obligations that are then due and payable or (y) if no Event of Default has occurred and is continuing, be withdrawn and returned returning such amount to such Lien Grantor.

Cash Collateral Accounts. (a) If and when required for purposes hereof, the Collateral Agent will establish with respect to each Lien Grantor an account one or more accounts (its each, a "CASH COLLATERAL ACCOUNTCash Collateral Account"), in the name and under the exclusive control of the Collateral Agent and subject (to the extent necessary or advisable in the sole discretion of the Collateral Agent) to an Account Control Agreement, subject into which all amounts owned by such Lien Grantor that are to be deposited therein pursuant to Section 6(d)14(b) or Section 18 shall be deposited from time to time. Each Cash Collateral Account will be operated as provided in this Section and Section 15. (b) The Collateral Agent shall deposit in the following amounts, as and when received by it, in relevant Cash Collateral Account of each Lien Grantor's Cash Collateral Account: : (i) each Cash Distribution required by Section 9 18 to be deposited therein and therein; and (ii) each amount realized or otherwise received by the Collateral Agent with respect to assets of such Lien Grantor upon any exercise of remedies pursuant to any Pledge Document upon Security Document; provided that, in the occurrence and during case of QSC, the continuance Collateral Agent shall establish separate Cash Collateral Accounts for the deposit of (x) amounts realized or received by the Collateral Agent with respect to Illiquid the Pledged Holdings Equity Collateral, an Event of Default on one hand (any such Cash Collateral Account, the "QwestDex Holdings Account"), and (y) with respect to Liquid the Pledged Corp. Equity Collateral, a Specified Event of Defaulton the other (any such Cash Collateral Account, the "Corp. Equity Account"). (c) The Collateral Agent shall maintain such records and/or establish such sub-accounts as shall be required to enable it to identify the amounts held in each Cash Collateral Account from time to time pursuant to Section 6(b)each clause of subsection (b) of this Section, as applicable. (d) Unless (x) an Event of Default shall have occurred and be continuing and the Required Secured Banks shall have instructed the Collateral Agent to stop withdrawing amounts from the Cash Collateral Accounts pursuant to this subsection or (y) the maturity of any of the Bonds or the indebtedness outstanding under the Credit Agreements shall have been accelerated, any Cash Distribution or other amounts deposited in the Cash Collateral Account shall, at the relevant Lien Grantor's request, (x) be withdrawn and applied to pay Secured Obligations that are then due and payable or (y) if no Event of Default has occurred and is continuing, be withdrawn and returned to such Lien Grantor.