Common use of Concentration Accounts; Cash Collateral Accounts Clause in Contracts

Concentration Accounts; Cash Collateral Accounts. All immediately available funds, or as otherwise provided in any Collection Account Agreement with respect to low volume Collection Accounts, in any Collection Account (w) of any Domestic Borrower shall be automatically transferred (either directly or indirectly) into the Domestic Concentration Account, (x) of the Multicurrency Borrowers shall be transferred (either directly or indirectly) automatically or as otherwise provided pursuant to the applicable Collection Account Agreement and/or Multicurrency Concentration Accounts Agreements into (A) with respect to funds denominated in Sterling, the applicable Sterling Concentration Account, (B) with respect to funds denominated in Euros, the applicable Euro Concentration Account, and (C) with respect to funds denominated in Dollars, the applicable Dollars Concentration Account. Funds shall be directed in accordance with the instructions of the Administrative Agent to the applicable Cash Collateral Account upon a demand made pursuant to Section 11.03(b). The Domestic Concentration Account and each Domestic Cash Collateral Account shall be in the name of and owned by the Administrative Agent. The Multicurrency Concentration Account and each Multicurrency Cash Collateral Account shall be under the sole dominion and control and subject to the first priority security interest of the Administrative Agent. The following procedures shall apply to the Domestic Concentration Account, the Multicurrency Concentration Accounts and the Cash Collateral Accounts:

Concentration Accounts; Cash Collateral Accounts. All immediately available funds, or as otherwise provided in any Collection Account Agreement with respect to low volume Collection Accounts, in any Collection Account (w) of any Domestic Borrower shall be automatically transferred (either directly or indirectly) into the Domestic Concentration Account, (x) of the Multicurrency Borrowers shall be transferred (either directly or indirectly) automatically or as otherwise provided pursuant to the applicable Collection Account Agreement and/or Multicurrency Concentration Accounts Agreements into (A) with respect to funds denominated in Sterling, the applicable Sterling Concentration Account, (B) with respect to funds denominated in Euros, the applicable Euro Concentration Account, and (C) with respect to funds denominated in Dollars, the applicable Dollars Concentration Account. Funds shall be directed in accordance with the instructions of the Administrative Agent to the applicable Cash Collateral Account upon a demand made pursuant to Section 11.03(b11.02(b). The Domestic Concentration Account and each Domestic Cash Collateral Account shall be in the name of and owned by the Administrative Agent. The Multicurrency Concentration Account and each Multicurrency Cash Collateral Account shall be under the sole dominion and control and subject to the first priority security interest of the Administrative Agent. The following procedures shall apply to the Domestic Concentration Account, the Multicurrency Concentration Accounts and the Cash Collateral Accounts:

Concentration Accounts; Cash Collateral Accounts. All immediately available funds, or as otherwise provided in any Collection Account Agreement with respect to low volume Collection Accounts, in any Collection Account (w) of any Domestic Borrower shall be automatically transferred (either directly or indirectly) into the Domestic Concentration Account, (x) of the Multicurrency Borrowers shall be transferred (either directly or indirectly) automatically or as otherwise provided pursuant to the applicable Collection Account Agreement and/or Multicurrency Concentration Accounts Agreements into (A) with respect to funds denominated in Sterling, the applicable Sterling Concentration Account, (B) with respect to funds denominated in Euros, the applicable Euro Concentration Account, and (C) with respect to funds denominated in Dollars, the applicable Dollars Concentration Account. Funds shall be directed in accordance with the instructions of the Administrative Agent to the applicable Cash Collateral Account upon a demand made pursuant to Section 11.03(bSECTION 11.02(b). The Domestic Concentration Account and each Domestic Cash Collateral Account shall be in the name of and owned by the Administrative Agent. The Multicurrency Concentration Account and each Multicurrency Cash Collateral Account shall be under the sole dominion and control and subject to the first priority security interest of the Administrative Agent. The following procedures shall apply to the Domestic Concentration Account, the Multicurrency Concentration Accounts and the Cash Collateral Accounts: