Common use of Collateral Advance Account Clause in Contracts

Collateral Advance Account. (a) On or prior to the date of the first Cash Secured Advance Commencement Date, the Collection Agent, for the benefit of the Banks, shall establish and maintain or cause to be established and maintained in the name of the Seller with Citibank an account (such account being the “Collateral Advance Account” and Citibank in such capacity, being the “Collateral Advance Account Bank”), such account bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Banks and entitled “Citicorp North America, Inc., as Agent — Collateral Advance Account for the Ferro Receivables Purchase Agreement” and, in connection therewith, the Collection Agent, the Seller, the Agent and the Collateral Advance Account Bank shall enter into the Collateral Advance Account Agreement. The Collateral Advance Account shall be under the sole dominion and control of the Agent for the benefit of the Banks which have made Cash Secured Advances, and neither the Seller, the Collection Agent, nor any Person claiming by, through or under the Seller or the Collection Agent, shall have any right, title or interest in, or any right to withdraw any amount from, the Collateral Advance Account. Except as expressly provided in this Agreement, Citibank agrees that it, in its capacity as Collateral Advance Account Bank, shall have no right of set off or banker’s lien against, and no right to otherwise deduct from, any funds held in the Collateral Advance Account for any amount owed to it by any Bank, the Investor, any Agent, the Seller or any Originator. The tax identification no. associated with the Collateral Advance Account shall be that of the Seller.

Collateral Advance Account. (a) On or prior Prior to the date occurrence of the first Cash Secured Advance Commencement DateDate hereunder, the Collection AgentServicer, for the benefit of the Banks, shall establish and maintain or cause to be established and maintained in the name of the Seller with Citibank an account (such account being the “"Collateral Advance Account” " and Citibank in such capacity, being the “"Collateral Advance Account Bank”"), such account bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Banks and entitled “Citicorp North America"Citibank, Inc.N.A., London Branch, as Agent — Collateral Advance Account for the Ferro Abitibi Receivables Purchase Agreement” " and, in connection therewith, the Collection AgentServicer, the Seller, the Agent and the Collateral Advance Account Bank shall enter into the Collateral Advance Account Agreement. The Collateral Advance Account shall be under the sole dominion and control of the Agent for the benefit of the Banks which have made Cash Secured Advances, and neither the Seller, the Collection AgentServicer, nor any Person claiming by, through or under the Seller or the Collection AgentServicer, shall have any right, title or interest in, or any right to withdraw any amount from, the Collateral Advance Account. Except as expressly provided in this Agreement, Citibank agrees that it, in its capacity as Collateral Advance Account Bank, shall have no right of set off or banker’s 's lien against, and no right to otherwise deduct from, any funds held in the Collateral Advance Account for any amount owed to it by any Bank, the Investor, any Agent, the Seller or any Originator. The tax identification no. associated with the Collateral Advance Account shall be that of the Seller.

Collateral Advance Account. (a) On or prior to Prior the date occurrence of the first Cash Secured Advance Commencement DateDate hereunder, the Collection Agent, for the benefit of the Banks, shall establish and maintain or cause to be established and maintained in the name of the Seller with Citibank an account (such account being the “Collateral Advance Account” and Citibank in such capacity, capacity being the “Collateral Advance Account Bank”), such account bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Banks and entitled “Citicorp North America, Inc., as Program Agent — Collateral --Collateral Advance Account for the Ferro Xxxx Receivables Purchase Agreement” and, in connection therewith, the Collection Agent, the Seller, the Program Agent and the Collateral Advance Account Bank shall enter into the Collateral Advance Account Agreement. The Collateral Advance Account shall be under the sole dominion and control of the Program Agent for the benefit of the Banks which have made Cash Secured Advances, and neither the Seller, the Collection Agent, nor any Person claiming by, through or under the Seller or the Collection AgentSeller, shall have any right, title or interest in, or any right to withdraw any amount from, the Collateral Advance Account. Except as expressly provided in this Agreement, Citibank agrees that itCitibank, in its capacity as the Collateral Advance Account Bank, agrees that it shall have no right of set set-off or banker’s lien against, and no right to otherwise deduct from, any funds held in the Collateral Advance Account for any amount owed to it by any Bank, the any Investor, any Agent, the Seller or any Originator. The tax identification no. number associated with the Collateral Advance Account shall be that of the Seller.

Collateral Advance Account. (a) On or prior Prior to the date occurrence of the first Cash Secured Advance Commencement DateDate hereunder, the Collection AgentServicer, for the benefit of the Banks, shall establish and maintain or cause to be established and maintained in the name of the Seller with Citibank an account (such account being the “Collateral Advance Account” and Citibank in such capacity, being the “Collateral Advance Account Bank”), such account bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Banks and entitled “Citicorp North AmericaCitibank, Inc.N.A., London Branch, as Agent — Collateral Advance Account for the Ferro Abitibi Receivables Purchase Agreement” and, in connection therewith, the Collection AgentServicer, the Seller, the Agent and the Collateral Advance Account Bank shall enter into the Collateral Advance Account Agreement. The Collateral Advance Account shall be under the sole dominion and control of the Agent for the benefit of the Banks which have made Cash Secured Advances, and neither the Seller, the Collection AgentServicer, nor any Person claiming by, through or under the Seller or the Collection AgentServicer, shall have any right, title or interest in, or any right to withdraw any amount from, the Collateral Advance Account. Except as expressly provided in this Agreement, Citibank agrees that it, in its capacity as Collateral Advance Account Bank, shall have no right of set off or banker’s lien against, and no right to otherwise deduct from, any funds held in the Collateral Advance Account for any amount owed to it by any Bank, the Investor, any Agent, the Seller or any Originator. The tax identification no. associated with the Collateral Advance Account shall be that of the Seller.