Common use of Controlled Accounts Clause in Contracts

Controlled Accounts. (i) Within 150 days following the Closing Date (or such later period of time as agreed in writing by Lender in Lender’s sole discretion) (the “Cash Management Transition Period”), each Loan Party shall establish and maintain at Lender all Cash Management Services, including all deposit accounts and lockbox services. Such Cash Management Services maintained by each Loan Party shall be of a type and on terms reasonably satisfactory to Lender;

Appears in 2 contracts

Samples: Credit and Security Agreement (COUPONS.com Inc), Credit and Security Agreement (COUPONS.com Inc)

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Controlled Accounts. (i) Within 150 five (5) days following the Closing Date (or such later period of time as agreed in writing by Lender in Lender’s sole discretion) (the “Cash Management Transition Period”), each Loan Party shall (A) establish and maintain at Lender all Cash Management Services, including all deposit accounts and lockbox services. Such Cash Management Services maintained by each Loan Party shall be of a type and on terms reasonably satisfactory to Lender;

Appears in 1 contract

Samples: Credit and Security Agreement (Kitara Media Corp.)

Controlled Accounts. (i) Within 150 90 days following the Closing Date (or such later period of time as agreed in writing by Lender in Lender’s sole discretion) (the “Cash Management Transition Period”), each Loan Party shall establish and maintain at Lender all Cash Management Services, including all deposit accounts and lockbox services. Such Cash Management Services maintained by each Loan Party shall be of a type and on terms reasonably satisfactory to Lender;

Appears in 1 contract

Samples: Credit and Security Agreement (Orion Energy Systems, Inc.)

Controlled Accounts. (i) Within 150 75 days following the Closing Date (or such later period of time as agreed in writing by Lender in Lender’s sole discretion) (the “Cash Management Transition Period”), each Loan Party shall (A) establish and maintain at Lender all Cash Management Services, including all deposit accounts and lockbox services. Such Cash Management Services maintained by each Loan Party shall be of a type and on terms reasonably satisfactory to Lender;

Appears in 1 contract

Samples: Credit and Security Agreement (Startek Inc)

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Controlled Accounts. (i) Within 150 90 days following the Closing Date (or such later longer period of time as agreed in writing by Lender in Lender’s sole discretionexpressly agrees) (the “Cash Management Transition Period”), each Loan Party shall establish and maintain at Lender or an Affiliate thereof all Cash Management Services, including all deposit accounts and lockbox services. Such Subject to the terms of the Intercreditor Agreement, while a Cash Management Services maintained by each Loan Party Dominion Trigger Period is in effect, Lender shall be have the sole and exclusive right to direct the disposition of a type and on terms reasonably satisfactory to Lender;funds in all such deposit accounts (excluding any Term Priority Collateral).

Appears in 1 contract

Samples: Credit and Security Agreement (Differential Brands Group Inc.)

Controlled Accounts. (i) Within 150 sixty (60) days following the Closing Date (or such later period of time as agreed in writing by Lender in Lender’s sole discretion) (the “Cash Management Transition Period”), each Loan Party shall establish and maintain at Lender all Cash Management Services, including all deposit accounts (other than the Permitted Xxxxx Cash Account), and to the extent required hereunder or otherwise utilized by Borrowers, lockbox services. Such Cash Management Services maintained by each Loan Party shall be of a type and on terms reasonably satisfactory to Lender;

Appears in 1 contract

Samples: Credit and Security Agreement (Integrated Electrical Services Inc)

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