Collection System. (i) All Collections shall be received into and deposited to a Collection Account that is subject to an Account Control Agreement (with trigger).
(ii) No Credit Party shall establish any new lockbox or collection arrangement without consent of the Administrative Agent and prior to establishing any such new lockbox or collection arrangement, the Borrower shall cause each bank or financial institution with which it seeks to establish such a lockbox or collection arrangement to enter into an Account Control Agreement (with trigger), as determined by the Administrative Agent with respect thereto.
(iii) Without the prior written consent of the Administrative Agent, no Credit Party shall (A) change the general instructions given to the Servicer in respect of payments on account of Receivables to be deposited in the Collection System or (B) change any instructions given to any bank or financial institution which in any manner redirects the proceeds of any collections in the Collection System.
(iv) The Credit Parties acknowledge and agree that all Collections paid or deposited to the Collection System in respect of any Receivable are the sole property of the Borrower and that the Originating Subsidiaries have no right, title or interest to such Collections, subject to the Lien in favour of the Collateral Agent for the benefit of the Secured Parties. For greater certainty, all Collections paid or deposited to a Collection Account in the name of an Originating Subsidiary shall be held in trust for the Borrower, subject to the Lien in favour of the Collateral Agent for the benefit of the Secured Parties. The Credit Parties further acknowledge and agree that all Collections paid or deposited to the Collection System in respect of any Receivable (A) shall constitute a repayment by the Originating Subsidiary to which such Receivable was owed on account of Originating Subsidiary Loans owed by such Originating Subsidiary to the Borrower, (B) the funds on deposit in the Collection Accounts and the Interest Account shall continue to be collateral security for the Obligations secured thereby, and (C) upon the occurrence and during the continuance of an Event of Default, the funds on deposit in the Collection System shall be applied as provided in Section 2.12.
(v) Each Credit Party shall ensure that the Administrative Agent shall at all times have online monitoring access to the Interest Account and each Collection Account.
Collection System. The Administrative Agent shall have received copies of each Account Control Agreement (with trigger) and each Account Control Agreement (without trigger) required by the Collection System, originally executed and delivered by each party thereto.
Collection System. The whole set of pipes, pumping stations, compressors, storage tanks, delivery systems, roads and other necessary and/or useful installations or any other means, including their design, equipment, construction and maintenance which are required to collect and transport the Oil to the inlet of the Oil Pipeline, in the case of Oil, and to the Point of Delivery, Control and Final Measurement of the Gas, in the case of Gas. One.
Collection System. The County acknowledges that the Developer may desire to route certain underground and overhead wires, cables, conduits and/or lines (and their associated equipment) related to the transmission of electricity or data (“Utility”) from the Project at a location adjacent to or under (including across) certain Designated Roads, as identified in Appendix C. The Developer shall obtain access utility permits (“Utility Permit”) for the installation of any Utility placed in the public right-of-way. The Developer agrees to meet the conditions of the Utility Permit. The County’s adopted Utility Permit application fee is $25.00 per location. A Utility Permit will not be unreasonably withheld by the County.
Collection System. District and City shall each maintain and operate their own sewage collection system.
Collection System. A network of pipes, manholes, and pumping stations to convey sewage from individual properties to the regional interceptor system. Sewer service laterals on private property are not included.
Collection System. Franchisee shall use the following collection systems:
Collection System. (i) All Collections shall be received into and deposited to a Collection Account that is subject to an Account Control Agreement (without trigger) unless the Administrative Agent approves any Collections to be received into and deposited to a Collection Account that is subject to an Account Control Agreement (with trigger). All amounts on deposit in each Collection Account that is subject to an Account Control Agreement (without trigger) shall be swept daily at the close of business to the Loan Account by the Collection Account Banks. Each Credit Party shall transfer all amounts on deposit in each Collection Account that is subject to an Account Control Agreement (with trigger) to the Loan Account at the close of business on each day.
(ii) No Credit Party shall establish any new lockbox or collection arrangement without consent of the Administrative Agent and prior to establishing any such new lockbox or collection arrangement, the Borrower shall cause each bank or financial institution with which it seeks to establish such a lockbox or collection arrangement to enter into an Account Control Agreement (without trigger) or an Account Control Agreement (with trigger), as determined by the Administrative Agent with respect thereto.
(iii) Without the prior written consent of the Administrative Agent, no Credit Party shall (A) change the general instructions given to the Servicer in respect of payments on account of Receivables to be deposited in the Collection System or
Collection System. The local sewer mains and laterals, including pump stations and force mains, together with future extensions, regulated by the respective municipalities within the Regional System. The City of Fond du Lac's Collection System includes the Regional Interceptors.
Collection System. The Company’s sewer collection system consists of mostly eight-inch gravity sewer. There is a lift station at the end of a cul-de-sac which pumps waste water a short distance through a pressure collecting sewer until it reaches the treatment plant. At the time of Staff’s visit, the lift station lock had been cut by a service person and had not been replaced. The Company told Staff that a new lock would be installed on the lift station. The Company has smoke tested the collecting sewers looking for water infiltration points in the collection system, and has reportedly made a significant number of repairs, but still has a large amount of I&I entering the treatment plant. Excessive ‘clean’ stormwater entering the system reduces plant capacity, can interfere with proper treatment, and in extreme cases can wash sludge from the treatment plant into the receiving stream. (Xxxxxx/Dallas) South Walnut Hills Treatment Facility The Company has installed a new extended aeration waste water treatment plant near the location of the old plant in the South Walnut Hills service area, formerly owned by W.P.C. Sewer Company. The new plant has been placed next to the former plant and the fencing around the facility has been replaced. Staff sent data requests (DRs) to the Company requesting the engineering report and feasibility studies to see what alternatives the Company and engineering firm considered prior to installing the new plant to determine if there were other more cost effective methods for treatment or updating the existing facility to perform satisfactorily. In a report from 21 Design Group Engineering and Surveying, “[T]he wastewater facility was exhibiting multiple signs of failure and had currently surpassed its useful life.” Issues cited were the need for flow equalization due to large amounts of inflow and infiltration (I & I), poor condition of the steel frame of the structure, age and poor condition of piping and mechanical blowers due to poor maintenance, current design was not properly configured for nutrient removal, lack of sludge holding, and safety concerns. [C]onsideration was given to repairing the facility, but due to structural failures precluding adding new equipment, the history of floating due to hydrostatic pressure which could not be anchored due to structural failure risk or internal weighting which would reduce required tankage contact surface area for waste water treatment, the need for a new plant configuration to meet MDNR nutrient remov...
