Common use of Control by the Agent of the Deposit Account Clause in Contracts

Control by the Agent of the Deposit Account. From and after the date hereof, until termination of this Agreement, (i) Custodian shall take actions with respect to the Collateral in the Deposit Account solely upon the instructions of the Agent, without further consent of the Customer, (ii) unless otherwise instructed by the Agent, Custodian will not permit the Customer or any other person or entity to withdraw funds from the Deposit Account and (iii) the Customer acknowledges that it has no right to make withdrawals or direct transfers from the Deposit Account by direct instruction to Custodian, but that such withdrawals or transfers shall be effected only by instructions from Agent to Custodian, the Agent agreeing to give such instructions to Custodian from time to time in accordance with Section 4.2 of the Letter of Credit Agreement.

Control by the Agent of the Deposit Account. From and after the date hereof, until termination of this Agreement, (i) Custodian shall take actions with respect to the Collateral in the Deposit Account solely upon the instructions of the Agent, without further consent of the Customer, (ii) unless otherwise instructed by the Agent, Custodian will not permit the Customer or any other person or entity to withdraw funds from the Deposit Account and (iii) the Customer acknowledges that it has no right to make withdrawals or direct transfers from the Deposit Account by direct instruction to Custodian, but that such withdrawals or transfers shall be effected only by instructions from Agent to Custodian, the Agent agreeing to give such instructions to Custodian from time to time in accordance with Section 4.2 of the Amended Letter of Credit Agreement.