Common use of Certain Accounts Clause in Contracts

Certain Accounts. All of the deposit accounts in the name of or used by any Loan Party maintained at any bank or other financial institution are set forth on Schedule 5 to the Perfection Certificate, subject to the right of each Loan Party to establish new accounts so long as the Guarantee and Collateral Requirement with respect thereto shall have been satisfied.”

Appears in 3 contracts

Samples: Ratification and Amendment Agreement, Ratification and Amendment Agreement, Ratification and Amendment Agreement (Spectrum Brands, Inc.)

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Certain Accounts. All of the deposit accounts in the name of or used by any Loan Party maintained at any bank or other financial institution are set forth on Schedule 5 to the Perfection Certificate, subject to the right of each Loan Party to establish new accounts so long as the Guarantee and Collateral Requirement with respect thereto shall have been satisfied.”

Appears in 1 contract

Samples: Credit Agreement (Spectrum Brands, Inc.)

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