Common use of Control of Pledged Accounts Clause in Contracts

Control of Pledged Accounts. Such Grantor agrees that, subject to Section 8(a) or otherwise with the consent of the Administrative Agent in its sole discretion (exercised in good faith), at no time shall it hold any funds or any other assets in any Pledged Account that is not a Controlled Account.

Appears in 4 contracts

Samples: Credit Agreement (Sprague Resources LP), Credit Agreement (Sprague Resources LP), Credit Agreement (Sprague Resources LP)

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Control of Pledged Accounts. Such Grantor agrees that, subject to Section 8(a) or otherwise with the consent of the Administrative Collateral Agent in its sole discretion (exercised in good faith), at no time shall it hold any funds or any other assets in any Pledged Account that is not a Controlled Account.

Appears in 1 contract

Samples: Credit Agreement (Sprague Resources LP)

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