Certain Bank Accounts. Parent will duly execute and deliver to Delphi, the Novation Letter in the form attached hereto as Exhibit 9.22 in order to transfer certain lock box bank accounts at XX Xxxxxx Xxxxx Bank, N.A. to Buyers (the “Transferred Account(s)”) with an effective date as of the Closing Date. On or before the Closing Date, Delphi will counter-sign such Novation Letter and deliver the same to XX Xxxxxx Chase Bank, N.A. In the event any Party receives any payments which are not included among such Party’s Acquired Assets, such receiving Party will remit such payment to the appropriate other party within five (5) Business Days of receipt.
Certain Bank Accounts. To Agent, immediately upon request of Agent, copies of all bank statements provided to the applicable Credit Parties relating to each of the bank accounts referenced in the last paragraph of Annex C and such other information relating to such accounts as shall reasonably be requested by Agent from time to time.
Certain Bank Accounts. 34 5.08. Exclusivity............................................................................................... 34 5.09. Hedge Agreement........................................................................................... 34
Certain Bank Accounts. To the extent that any bank accounts or similar facilities (including any lock-box processing agreements, lock-box accounts and related products (e.g. Telecash)) used exclusively by the Company are being maintained in the name of the Parent or any of its Affiliates (other than the Company or its Subsidiaries) or in the name of both the Company and any of such Persons as of the date hereof or as of the Closing Date, the Parent shall, and shall cause its Affiliates (other than the Company and its Subsidiaries) to, surrender all right and title in and to such accounts and execute all documents necessary or advisable to effect such surrender and to remove the Parent's or such Affiliate's (other than the Company's) name therefrom, as of the Closing Date.
Certain Bank Accounts. 70 SECTION 8.
Certain Bank Accounts. Establish , amend or terminate any blocked account or concentration account or lockbox agreement without Agent's prior written consent, which consent shall not be unreasonably withheld so long as subsection 5.6 shall be complied with.
Certain Bank Accounts. To the extent Borrower or any Subsidiary of Borrower has not entered into a Deposit Account Control Agreement with respect to (a) any deposit, checking or other similar bank account (but not including any payroll, zero-balance or similar account), permit the aggregate amount on deposit in all such accounts at any time to exceed $75,000; (b) any payroll account, permit the aggregate amount on deposit in all payroll accounts (whether subject to Deposit Account Control Agreements or not) at any time to exceed the aggregate amount reasonably necessary to fund the payroll requirements of Borrower and its Subsidiaries in the ordinary course of business at such time and (c) any zero-balance or similar account, permit the aggregate amount on deposit in each such account at any time to exceed $-0-.
Certain Bank Accounts. 59 4.16 Workers' Compensation Claims . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 4.17 Financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 4.18 Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 4.19 Capital Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
Certain Bank Accounts. (a) The parties agree that the bank accounts (the "Bank Accounts") of the Sale Companies identified on Schedule 4.15(a) will be retained by the Sale Companies after the Closing and, accordingly, the Seller and Purchaser shall each cooperate with the other and take or cause to be taken, whether before, at or after the Closing, such actions as may be necessary to cause Purchaser or its designee(s) to assume control over such Bank Accounts, including without limitation the power to write checks thereon, to withdraw funds therefrom and to deposit funds therein, by not later than 30 days after the Closing Date; provided, however, that during such period after the Closing, the Seller shall not, and shall direct its officers, employees and Representatives not to, write checks on the Bank Accounts, withdraw any funds therefrom or otherwise exercise any control over the Bank Accounts unless requested by Purchaser or a Subsidiary Purchaser. The Seller shall agree to maintain sufficient funds in the Bank Accounts prior to Closing such that all checks issued in the ordinary course prior to Closing by any of the Sale Companies will be duly paid upon presentment.
Certain Bank Accounts. To SCIL Agent, promptly upon request of SCIL Agent, copies of all bank statements provided to the applicable Credit Parties relating to each of the bank accounts referenced in the paragraph (h) of Annex B and, upon reasonable request of SCIL Agent from time to time, such other information relating to such accounts.
