Collection Account Agreements. The Originator hereby transfers to the Buyer, effective concurrently with the initial Purchase hereunder, the exclusive ownership and control of the Lock-Boxes and the Collection Accounts, as evidenced by the Collection Account Agreements, and the Originator (other than in its capacity as Sub-Servicer) shall claim no further right, title and/or interest in and to any such Collection Accounts nor any rights to withdraw funds therefrom. The Originator hereby authorizes the Buyer, and agrees that the Buyer shall be entitled to (i) endorse the Originator's name on checks and other instruments representing Collections, (ii) enforce the Receivables, the related Contracts and the Related Security and (iii) take such action as shall be necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Buyer and its designees rather than the Originator.
Collection Account Agreements. The Collection Account Agreements, duly executed by all of the parties thereto.
Collection Account Agreements. Borrower and each Collection Account Bank shall have executed and delivered each Collection Account Agreement and shall have delivered an executed copy of such Agreement to Lender.
Collection Account Agreements. The Originator hereby ----------------------------- transfers to the Buyer, effective concurrently with the initial Purchase hereunder (or, if any Collection Account is not in existence on such date, concurrently with the opening of such account), the exclusive ownership and control of the Collection Accounts, as evidenced by the Collection Account Agreements, and the Originator shall claim no further right, title and/or interest in and to any such Collection Accounts nor any rights to withdraw funds therefrom. The Originator hereby authorizes the Buyer, and agrees that, following the occurrence of a Sub-Servicer Default, the Buyer shall be entitled to: (i) endorse the Originator's name on checks and other instruments representing Collections, (ii) enforce the Receivables, the related Contracts and the Related Security, and (iii) take such action as shall be necessary or desirable to cause all cash, checks and other instruments constituting Collections of Receivables to come into the possession of the Buyer and its designees rather than the Originator.
Collection Account Agreements. (a) Each Seller hereby transfers to the Purchaser, effective concurrently with the initial purchase of Transferred Receivables hereunder, the exclusive ownership and control of the Bon-Ton Collection Accounts relating to the Transferred Receivables sold by such Seller, as evidenced by the Collection Account Agreements, and such Seller shall claim no further right, title and/or interest in and to any such Bon-Ton Collection Accounts nor any rights to withdraw funds therefrom. Each Seller hereby authorizes the Purchaser, and agrees that the Purchaser shall be entitled to (i) endorse such Seller's name on checks and other instruments representing Collections, (ii) enforce the Transferred Receivables and the related Credit Card Agreements and (iii) take such action as shall be necessary or desirable to cause all cash, checks and other instruments constituting Collections of Transferred Receivables to come into the possession of the Purchaser or its designees rather than such Seller.
Collection Account Agreements. No later than fifteen (15) days after the date hereof, the Sellers shall execute and deliver to the Agent amendments to Collection Account Agreements with such Collection Account Banks as requested by the Agent, in form and substance reasonably satisfactory to the Agent.
Collection Account Agreements. (a) Section 6.3.
Collection Account Agreements. Subject to the terms and conditions set forth herein, the Agent, at the direction of the Required Purchasers, hereby waives any Amortization Event or Potential Amortization Event that has occurred prior to the date hereof solely as a result of the failure of any Seller Party to perform or observe the affirmative covenants under Section 7.1(j) of the Receivables Purchase Agreement and such failure shall have continued for five (5) consecutive Business Days, provided, however that, such limited waiver granted herein shall be valid solely in respect of a failure which arises solely as a direct result of the use of any Non-Collection Account listed on Annex C as if it were a Collection Account, Non-Lock-Box listed on Annex C as if it were a Lock-Box or Non-Collection Bank listed on Annex C as if it were a Collection Bank, and shall be valid for only sixty (60) days from the date hereof.
Collection Account Agreements. The Agents shall have received each Collection Account Agreement required to be provided pursuant to Article III on the Effective Date.
Collection Account Agreements. All bank accounts maintained by Holdings, the Borrower or any of their Domestic Subsidiaries that is a party to the Security Agreement at a financial institution other than the Agent or Fleet National Bank shall be subject to a Collection Account Agreement in the form of Exhibit I attached hereto or such other form as may be reasonably acceptable to the Agent.
