Common use of Company Deposits Clause in Contracts

Company Deposits. The Company has deposited the Company Deposits with the Bank, and the Bank has accepted the same, on the terms and conditions of this Agreement. The Bank has established an account (“Account”) on behalf of the Company in connection with the Company Deposits for the purposes set forth in the Restricted Reserve Requirement. Any additional deposits made to the Account by the Company from time to time will be deemed to be Company Deposits for all purposes of this Agreement. The Company represents that there are currently no liens, encumbrances or charge on or security interest in the Company Deposits. The Company also represents that the Company shall not, directly or indirectly, create, suffer or permit to be created or to remain, and shall promptly discharge, any lien, encumbrance or charge on or security interest in the Company Deposits or any portion thereof. The Bank will provide safekeeping receipts to OHA within three business days following a deposit in the Account with respect to the assets deposited by the Company in the Account, and shall provide copies of such receipts to the Company. The Bank shall have no obligation to determine the genuineness or validity of any Company Deposits or whether there is any alteration or defect on any securities or other instruments (or any endorsements thereon) that are delivered to the Bank hereunder, or to ascertain whether any deposits satisfy the requirements of the CCO Contract or any other requirements to which the Company or CCO is subject.

Company Deposits. The Company has deposited the Company Deposits with the Bank, and the Bank has accepted the same, on the terms and conditions of this Agreement. The Bank has established an account (“Account”) on behalf of the Company in connection with the Company Deposits for the purposes set forth in the Restricted Reserve Requirement. Any additional deposits made to the Account by the Company from time to time will be deemed to be Company Deposits for all purposes of this Agreement. The Company represents that there are currently no liens, encumbrances or charge on or security interest in the Company Deposits. The Company also represents that the Company shall not, directly or indirectly, create, suffer or permit to be created or to remain, and shall promptly discharge, any lien, encumbrance or charge on or security interest in the Company Deposits or any portion thereof. The Bank will provide safekeeping receipts to OHA within three business days following a deposit in the Account with respect to the assets deposited by the Company in the Account, and shall provide copies of such receipts to the Company. The Bank shall have no obligation to determine the genuineness or validity of any Company Deposits or whether there is any alteration or defect on any securities or other instruments (or any endorsements thereon) that are delivered to the Bank hereunder, or to ascertain whether any deposits the Company Deposits satisfy the requirements of the CCO DCO Contract or any other requirements to which the Company or CCO is subject.

Company Deposits. The Company has deposited the Company Deposits with the Bank, and the Bank has accepted the same, on the terms and conditions of this Agreement. The Bank has established an account (“Account”) on behalf of the Company in connection with the Company Deposits for the purposes set forth in the Restricted Reserve Requirement. Any additional deposits made to the Account by the Company from time to time will be deemed to be Company Deposits for all purposes of this Agreement. The Company represents that there are currently no liens, encumbrances or charge on or security interest in the Company Deposits. The Company also represents that the Company shall not, directly or indirectly, create, suffer or permit to be created or to remain, and shall promptly discharge, any lien, encumbrance or charge on or security interest in the Company Deposits or any portion thereof. The Bank will provide safekeeping receipts to OHA within three business days following a deposit in the Account with respect to the assets deposited by the Company in the Account, and shall provide copies of such receipts to the Company. The Bank shall have no obligation to determine the genuineness or validity of any Company Deposits or whether there is any alteration or defect on any securities or other instruments (or any endorsements thereon) that are delivered to the Bank hereunder, or to ascertain whether any deposits the Company Deposits satisfy the requirements of the CCO Contract or any other requirements to which the Company or CCO is subject.