Common use of Collection Deposit Accounts Clause in Contracts

Collection Deposit Accounts. As promptly as practicable and in any event prior to September 30, 2002 and at all times thereafter, the Borrower shall maintain Collection Deposit Letter Agreements for Collection Deposit Accounts representing the collections of Stores which account for no less than 80% of Consolidated EBITDA for the fiscal year most recently ended. The Borrower will use its reasonable best efforts to enter into and maintain Collection Deposit Agreements for all other Collection Deposit Accounts.

Appears in 3 contracts

Samples: Credit Agreement (Advance Auto Parts Inc), Credit Agreement (Advance Stores Co Inc), Credit Agreement (Advance Auto Parts Inc)

AutoNDA by SimpleDocs

Collection Deposit Accounts. As promptly as --------------------------- practicable and in any event prior to September June 30, 2002 1999 and at all times thereafter, the Borrower shall have entered into and maintain Collection Deposit Letter Agreements for Collection Deposit Accounts representing the collections of Stores which account for no less than 80% of Consolidated EBITDA for the fiscal year most recently ended. The Borrower will use its reasonable best efforts to enter into and maintain Collection Deposit Agreements for all other Collection Deposit Accounts.

Appears in 1 contract

Samples: Credit Agreement (Advance Stores Co Inc)

Collection Deposit Accounts. As promptly as practicable and in any event prior to September 30, 2002 and at all times thereafter, the The Borrower shall enter into and maintain Collection Deposit Letter Agreements for Collection Deposit Accounts representing the collections of Stores which account for no less than 80% of Consolidated EBITDA for the fiscal year most recently ended. The Borrower will use its reasonable best efforts to enter into and maintain Collection Deposit Agreements for all other Collection Deposit Accounts.

Appears in 1 contract

Samples: Credit Agreement (Advance Auto Parts Inc)

AutoNDA by SimpleDocs

Collection Deposit Accounts. As promptly as --------------------------- practicable and in any event prior to September June 30, 2002 and at all times thereafter, the Borrower shall maintain Collection Deposit Letter Agreements for Collection Deposit Accounts representing the collections of Stores which account for no less than 80% of Consolidated EBITDA for the fiscal year most recently ended. The Borrower will use its reasonable best efforts to enter into and maintain Collection Deposit Agreements for all other Collection Deposit Accounts.

Appears in 1 contract

Samples: Credit Agreement (Western Auto Supply Co/)

Time is Money Join Law Insider Premium to draft better contracts faster.