Common use of Control Accounts; Approved Deposit Accounts Clause in Contracts

Control Accounts; Approved Deposit Accounts. (a) The Borrower shall, and shall cause each of their respective Subsidiaries, with the exception of any Excluded Foreign Subsidiary, to (i) deposit in an Approved Deposit Account all cash they receive, (ii) not establish or maintain any Securities Account that is not a Control Account (other than any Securities Accounts maintained as a surety for insurance obligations as long as the aggregate balance in all such Securities Accounts does not at any time exceed $2,750,000) and (iii) not establish or maintain any Deposit Account other than with a Deposit Account Bank; provided, however, that (i) the Borrower and each of its Subsidiaries shall be permitted to maintain payroll, withholding tax and other fiduciary accounts as long as the aggregate balance in all such accounts), does not at any time exceed $2,500,000 and (ii) the provisions of this Section 7.13 shall not apply to deposits or accounts subject to a Deposit Account Control Agreement subject to Section 7.17 (Post-Closing Obligations).

Control Accounts; Approved Deposit Accounts. (a) The Borrower shall, and shall cause each of their respective Subsidiaries, with the exception of any Excluded Foreign Subsidiary, to (i) deposit in an Approved Deposit Account all cash they receive, (ii) not establish or maintain any Securities Account that is not a Control Account (other than any Securities Accounts maintained as a surety for insurance obligations as long as the aggregate balance in all such Securities Accounts does not at any time exceed $2,750,000) and (iii) not establish or maintain any Deposit Account other than with a Deposit Account Bank; provided, however, that (i) the Borrower and each of its Subsidiaries shall be permitted to maintain payroll, withholding tax and other fiduciary accounts as long as the aggregate balance in all such accounts), does not at any time exceed $2,500,000 5,000,000; and (ii) provided further, however, that the provisions of this Section 7.13 Borrower shall not apply be obligated to deposits establish Approved Deposit Accounts for the cash receipts generated by the Target prior to the date that is 90 days after the Effective Date (or accounts subject to a Deposit Account Control Agreement subject to Section 7.17 (Post-Closing Obligationsas otherwise agreed by the Administrative Agent).

Control Accounts; Approved Deposit Accounts. (a) The Borrower shall, and shall cause each of their respective Subsidiaries, with the exception of any Excluded Foreign Subsidiary, to (i) deposit in an Approved Deposit Account all cash they receive, (ii) not establish or maintain any Securities Account that is not a Control Account (other than any Securities Accounts maintained as a surety for insurance obligations as long as the aggregate balance in all such Securities Accounts does not at any time exceed $2,750,000) and (iii) not establish or maintain any Deposit Account other than with a Deposit Account Bank; provided, however, that (i) the Borrower and each of its Subsidiaries shall be permitted to maintain payroll, withholding tax and other fiduciary accounts as long as the aggregate balance in all such accounts), does not at any time exceed $2,500,000 5,000,000; and (ii) provided further, however, that the provisions of this Section 7.13 Borrower shall not apply be obligated to deposits establish Approved Deposit Accounts for the cash receipts generated by the Target prior to the date that is 90 days after the Original Effective Date (or accounts subject to a Deposit Account Control Agreement subject to Section 7.17 (Post-Closing Obligationsas otherwise agreed by the Administrative Agent).