Creation of Accounts. (a) The Administrative Agent hereby establishes the following 16 special, segregated and irrevocable cash collateral accounts in the name of the Administrative Agent and for the benefit of the Secured Parties, which accounts shall be maintained by the Administrative Agent at all times until the termination hereof and the payment in full of all Obligations:
Creation of Accounts. (a) The Depositary Bank hereby confirms that it has established the following special, segregated, and irrevocable cash collateral accounts in the name of the Party identified below (as further described in Exhibit A and including any subaccounts established thereunder, including each of those referenced on Exhibit A, the “Accounts”; all references to the Accounts shall mean any Account, the Account established with the Depositary Bank or all the Accounts, as the context may require) in the form of non- interest bearing accounts:
(i) an account in the name of the Authority identified as the “XXXXX COUNTY STADIUM AUTHORITY DBA LAS VEGAS STADIUM AUTHORITY STADIUM AUTHORITY PSL CLEARING ACCT” (the “Clearing Account”); and
(ii) an account in the name of the Authority identified as the “Authority PSL-Sourced Proceeds Account” (the “Authority PSL-Sourced Proceeds Account”). The Depositary Bank hereby confirms that it has established an account in the name of the Trust identified as the “Holding Account” (the “Holding Account”) pursuant to the Deposit and Disbursement Agreement.
(b) Each Depositary Bank shall cause each Account to be, and each Account shall be, separate from all other accounts held by or under the control and dominion of such Depositary Bank. No Depositary Bank will change the name or account number of any Account from that set forth in Exhibit A without the prior written consent of the Collateral Agent, other than any changes of account numbers due to internal system changes (upon which such Depositary Bank shall provide prompt written notice thereof to the Collateral Agent). The Parties hereby authorize each Depositary Bank to open subaccounts within any of the Accounts, and such Depositary Bank shall open one or more subaccounts within any such Account if so directed by the Collateral Agent.
Creation of Accounts. Upon the Bank's reasonable request, the -------------------- Borrowers will upon the creation of Accounts, or at such intervals as the Bank may require, provide the Bank with, (i) confirmatory assignment schedules, (ii) copies of customer's invoices, (iii) evidence of shipment or delivery, and (iv) such further schedules, documents and/or information regarding the Accounts as the Bank reasonably may require. The Bank shall have the right to confirm and verify all Accounts and do whatever the Bank reasonably may deem necessary to protect the Bank's interests. The items to be provided under this Section are to be in forms satisfactory to the Bank and executed by the Borrowers and delivered to the Bank, from time to time, solely for the Bank's convenience in maintaining records of the Collateral. The failure to deliver any of such items to the Bank shall not affect, terminate, modify or otherwise limit the Bank's Liens.
Creation of Accounts. (a) The Escrow Agent agrees to establish and maintain two (2) accounts at Citibank, N.A.: (i) a segregated deposit account for the benefit of Holdings, Administrative Agent and Parallel (collectively, the “Holdings Escrow Account”) and (ii) a segregated deposit account for the benefit of Parallel and the Administrative Agent (the “Parallel Deposit Account”). Upon the closing of the Offer, Holdings caused the Commitment Amount to be delivered to the Escrow Agent in accordance with instructions provided by the Escrow Agent, and the Escrow Agent is hereby instructed to deposit the Commitment Amount in the Holdings Escrow Account and to hold in escrow in the Holdings Escrow Account in accordance with this Agreement the Commitment Amount, together with all earnings thereon, if any, after the date hereof (the Commitment Amount, inclusive of all earnings thereon, being referred to as the “Escrow Funds”). The Escrow Agent acknowledged receipt of the Commitment Amount. Whenever and to the extent Escrow Funds are distributed pursuant to the Equity Issuance Instructions provided for in Section 3(a) of this Agreement (the “Distributed Funds”), the Escrow Agent is hereby instructed to deposit such Distributed Funds in the Parallel Deposit Account and to hold in escrow in the Parallel Deposit Account in accordance with this Agreement the Distributed Funds together with all earnings thereon, if any, after the date hereof (the Distributed Funds, inclusive of all earnings thereon, if any, being referred to as the “Deposit Funds”).
(b) In the event any Senior Notes are to be placed into escrow under Section 3(d) of this Agreement, Holdings and Parallel agree to use commercially reasonable efforts to establish an investment account (the “Bond Account”) with an escrow agent other than the Escrow Agent named herein which will perform the functions set forth in Section 3(d) (the “Bond Agent”), and Holdings and Parallel further agree that Section 3(d) will govern with respect to the Senior Notes and the Bond Account. The Administrative Agent will assist Holdings and Parallel in connection with finding a Bond Agent. The Escrow Agent, in such capacity, shall not have any duties or obligations with respect to Section 3(d), any Senior Notes or the Bond Account. If and when a Bond Account is established, the Bond Agent will execute and deliver an amendment to this Agreement or an ancillary agreement agreed upon by Parallel, Holdings, Administrative Agent and the Bond Agent. Unless ot...
Creation of Accounts. In accordance with Section 8.02 of the Amended and Restated Depository Agreement, the Department hereby creates and establishes with the Trust Company, but not within the Treasury of the State of Texas, a number of separate, special trust accounts relating to the Bonds to be known and designated by the respective names set forth on Exhibit “A” attached hereto. Each Account shall correspond to the Trust Indenture Account of the same name.
Creation of Accounts. 10 SECTION 2.03.
Creation of Accounts. Depositary Agent hereby establishes at its office located in New York, New York, the following four special, segregated and irrevocable money collateral accounts and sub-accounts within such accounts which shall be maintained at all times until the termination of this Agreement, unless earlier termination is otherwise provided for herein or in the Credit Agreement:
Creation of Accounts. For the purpose of management, monitoring, and support, the Company may create, modify, and remove user accounts, administrative accounts, and any other accounts deemed necessary by the Company on systems, devices, platforms, and Servers within the scope of this Agreement.
Creation of Accounts. At the request of the Borrower, the Depositary Bank hereby creates the following accounts (collectively, the “Accounts”) and each such Account shall be a “securities account” (as such term is defined in Section 8-501(a) of the UCC), which shall be maintained at all times in accordance with Section 3.4 hereof until the termination of this Agreement or earlier closure of such Account by the Depositary Bank as expressly contemplated herein:
Creation of Accounts. (a) The Security Agent has heretofore established and is maintaining the following four special, segregated and irrevocable cash collateral accounts which shall be maintained at all times until the termination of this Agreement:
(1) Revenue Account (2) Senior Debt Service Account (3) Debt Protection Account (4) Special Payment Account
(b) The Security Agent shall establish on the Effective Date the following two additional special, segregated and irrevocable cash collateral accounts which shall be maintained at all times until the termination of this Agreement:
