Common use of Collection of Accounts and Payments Clause in Contracts

Collection of Accounts and Payments. On or prior to the Closing Date, the Borrowers shall establish lock box accounts (the "Blocked Accounts") in the applicable Borrower's name with such banks as are acceptable to the Agent ("Collecting Banks") and enter into blocked account agreements among such Borrower, the Agent and each Collecting Bank (the "Blocked Account Agreements"

Collection of Accounts and Payments. On or prior to the Closing Date, the Borrowers shall establish lock box accounts (the "Blocked Accounts") in the applicable Borrower's name with such banks as are acceptable to the Agent ("Collecting Banks") and enter into blocked account agreements (or amendments to existing blocked account agreements) in form and substance satisfactory to the Agent among such Borrower, the Agent and each Collecting Bank (the "Blocked Account Agreements"

Collection of Accounts and Payments. On or prior to the Closing Date, the Borrowers Borrower shall establish lock box accounts (the "Blocked Accounts") in the applicable Borrower's name with such banks as are acceptable to the Agent ("Collecting Banks") and enter into blocked account agreements among such the Borrower, the Agent and each Collecting Bank (the "Blocked Account Agreements"