Concentration and Disbursement Accounts Sample Clauses

Concentration and Disbursement Accounts. The Parent Borrower shall maintain with a financial institution that is a Lender one or more accounts to be used by the Parent Borrower as its principal concentration and disbursement accounts in a manner and following procedures consistent with past business practices.
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Concentration and Disbursement Accounts. (a) Except to the extent permitted by paragraph (b) below, the Borrower shall maintain with a financial institution that is a Lender one or more accounts to be used by the Borrower as its principal concentration and disbursement accounts and will not, and will not permit any Subsidiary to, maintain more than an aggregate of $1,000,000 for more than two Business Days in bank accounts with any person that is not a Lender.
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Concentration and Disbursement Accounts. 62 SECTION 5.13. Remedies Under Franchise Agreement . . . . . . . . . . . . . . 63 SECTION 5.14. Green Spring Conversion . . . . . . . . . . . . . . . . . . . 63 ARTICLE VI Negative Covenants SECTION 6.01. Indebtedness . . . . . . . . . . . . . . . . . . . . . . . . . 63 SECTION 6.02. Liens . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 SECTION 6.03. Sale and Leaseback Transactions . . . . . . . . . . . . . . . 67 SECTION 6.04. Investments, Loans, Advances and Certain Other Transactions. . 67 Contents, p. 3
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Concentration and Disbursement Accounts. The Borrower and the Guarantor shall continue to maintain with the Administrative Agent the existing account or accounts held with the Administration Agent on the Closing Date, to be used by the Borrower and the Guarantor as their principal concentration and disbursement accounts and will not, and will not permit any Subsidiary to, maintain more than an aggregate of $250,000 for more than two Business Days in bank accounts with any person who is not a Lender.
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Concentration and Disbursement Accounts. As promptly as practicable but in any event within 90 days after the Effective Date, the Borrower shall arrange and thereafter maintain with a financial institution that is a Lender one or more accounts to be used by the Borrower and the Subsidiaries as their principal concentration and disbursement accounts and shall not, and shall not permit any Subsidiary to, maintain any bank accounts with respect to its material business or operations with any person that is not, a Lender.
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Concentration and Disbursement Accounts. The Borrower and the Guarantors shall continue to maintain (i) with Chase in its capacity as Agent the existing account or accounts owned by Chase, to be used by the Borrower and the Guarantors as the principal concentration accounts and (ii) with Chase in its capacity as Agent their existing accounts to be used by the Borrower and the Guarantors as their principal disbursement accounts for day-to-day operations conducted by the Borrower and the Guarantors.
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Concentration and Disbursement Accounts. As promptly as practicable and in any event within (i) 180 days after the date of the initial Borrowing hereunder with respect to the Borrower and its Subsidiaries other than the Xxxxx Subsidiaries and (ii) 30 days after the Separation Date with respect to the Xxxxx Subsidiaries (if later than 180 days after the date of the initial Acquisition Borrowing), maintain their material concentration and disbursement accounts with one or more financial institutions that are Lenders.
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Concentration and Disbursement Accounts. 80 ARTICLE VI Negative Covenants
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Related to Concentration and Disbursement Accounts

  • Deposit and Disbursement Accounts Disclosure Schedule (3.19) lists all banks and other financial institutions at which any Credit Party maintains deposit or other accounts as of the Closing Date, including any Disbursement Accounts, and such Schedule correctly identifies the name, address and telephone number of each depository, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor.

  • Disbursement Account A trust account for the benefit of Owner, opened by Manager with an FDIC insured bank to pay for “Operating Expenses” as defined in Section 4.01(b).

  • Accounts and Disbursements The Custodian shall establish and maintain a separate account for each Portfolio and shall credit to the separate account all moneys received by it or a Sub-Custodian for the account of such Portfolio and shall disburse, or cause a Sub-Custodian to disburse, the same only:

  • Disbursements of Monies from Payment Account (a) Notwithstanding any other provision in this Agreement, but subject to the other subsections of this Section 9.01, on each Payment Date, the Collateral Agent shall disburse amounts transferred from the Collection Account to the Payment Account pursuant to Section 8.02 in accordance with the Payment Date Report and the following priorities (the “Priority of Payments”):

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

  • Collection Account and Distribution Account (a) On behalf of the Trust Fund, the Servicer shall establish and maintain, or cause to be established and maintained, one or more accounts (each such account or accounts, a “Collection Account”), held in trust for the benefit of the Trustee and the Certificateholders. On behalf of the Trust Fund, the Servicer shall deposit or cause to be deposited in the related clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Servicer’s receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the deposit of good funds into the clearing account, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal or interest on the Mortgage Loans due on or before the related Cut-off Date, or payments (other than Principal Prepayments) received by it on or prior to the related Cut-off Date but allocable to a Due Period subsequent thereto):

  • Concentration Account Concentration Account" has the meaning set forth in Section 2.3.

  • Cash Collateral Accounts Maintain, and cause each of the other Loan Parties to maintain, all Cash Collateral Accounts with Bank of America or another commercial bank located in the United States, which has accepted the assignment of such accounts to the Administrative Agent for the benefit of the Secured Parties pursuant to the terms of the Security Agreement.

  • LC Collateral Account (i) The Administrative Agent is hereby authorized to establish and maintain at the Notice Office, in the name of the Administrative Agent and pursuant to a dominion and control agreement, a restricted deposit account designated “The Lead Borrower LC Collateral Account.” Each Credit Party shall deposit into the LC Collateral Account from time to time the Cash Collateral required to be deposited under Section 2.13(j) hereof.

  • Establishment of Collateral Accounts The Custodian hereby confirms and agrees that:

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