Control of the 2024-A Bank Accounts Sample Clauses

Control of the 2024-A Bank Accounts. Each of the 2024-A Bank Accounts will be under the sole dominion and control of the Indenture Trustee, as secured party for the benefit of the 2024-A Secured Parties, so long as the 2024-A Bank Accounts remain subject to the Lien of the Indenture. Following the payment in full of (i) the 2024-A ABS Notes and the release of the 2024-A Bank Accounts from the Lien of the Indenture, (A) at the direction of the Servicer, the 2024-A Distribution Account and the 2024-A Reserve Account may be closed and (B) the 2024-A Exchange Note Collection Account will be under the sole dominion and control of the Collateral Agent and (ii) the 2024-A Exchange Note, the 2024-A Exchange Note Collection Account will be under the sole dominion and control of the Borrower and may, at the direction of the Borrower, be closed. The Servicer may, however, make deposits to or request the Indenture Trustee (or, after the Note Balance of the 2024-A ABS Notes has been reduced to zero and the 2024-A Bank Accounts have been released from the Lien of the Indenture, the Collateral Agent, and following the payment in full of the 2024-A Exchange Note, the Borrower) to make deposits to or withdrawals from the 2024-A Exchange Note Collection Account in accordance with the 2024-A Exchange Note Supplement, the Indenture, the Collateral Agency Agreement and this 2024-A Servicing Supplement. All monies deposited in the 2024-A Exchange Note Collection Account will be held (i) until the Note Balance of the 2024-A ABS Notes has been reduced to zero, all Issuer Obligations have been paid in full and the 2024-A Bank Accounts have been released from the Lien under the Indenture, by the Indenture Trustee, (ii) until the payment in full of the 2024-A Exchange Note, by the Collateral Agent and (iii) following the payment in full of the 2024-A Exchange Note, by or on behalf of the Borrower, and in each case will be applied only upon the terms and conditions of the 2024-A Basic Documents, as applicable. The authority of the Servicer to make deposits to the 2024-A Bank Accounts is revocable at any time (i) by the Indenture Trustee until the Note Balance of the 2024-A ABS Notes has been reduced to zero and the 2024-A Bank Accounts have been released from the Lien of the Indenture, (ii) then, by the Collateral Agent until the payment in full of the 2024-A Exchange Note, and (iii) thereafter by the Borrower.
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Related to Control of the 2024-A Bank Accounts

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • Definitions For purposes of this Agreement:

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Counterparts This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Termination This Agreement may be terminated at any time prior to the Closing:

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