Common use of Creation of Accounts and Subaccounts Clause in Contracts

Creation of Accounts and Subaccounts. (a) On or prior to the Amendment Date, (i) the Collateral Agent shall establish in the corporate trust department of The Bank of New York, a special, segregated and irrevocable trust account designated the "Xxxxx City Revenue Account" (the "REVENUE ACCOUNT") and (ii) the Collateral Agent shall establish with the Depositary a special and segregated account designated the "Xxxxx City Operating Account" (the "OPERATING ACCOUNT").

Appears in 2 contracts

Samples: Security Deposit Agreement (Eme Homer City Generation Lp), Security Deposit Agreement (Eme Homer City Generation Lp)

AutoNDA by SimpleDocs

Creation of Accounts and Subaccounts. (a) On or prior to the Amendment Date, (i) the Collateral Agent shall establish in the corporate trust department of The Bank of New York, a special, segregated and irrevocable trust account designated the "Xxxxx City Revenue Account" (the "REVENUE ACCOUNT") and (ii) the Collateral Agent EME Homer City shall establish with the Depositary a special and segregated account designated the "Xxxxx City Operating Account" (the "OPERATING ACCOUNT").

Appears in 1 contract

Samples: Security Deposit Agreement (Eme Homer City Generation Lp)

Creation of Accounts and Subaccounts. (a) On or prior to the Amendment Date, (i) the Collateral Agent shall establish in the its corporate trust department of The Bank of New York, a special, segregated and irrevocable trust account designated the "Xxxxx City Revenue Account" (the "REVENUE ACCOUNT") and (ii) the Collateral Agent shall establish with the Depositary a special and segregated account designated the "Xxxxx City Operating Account" (the "OPERATING ACCOUNT").

Appears in 1 contract

Samples: Security Deposit Agreement (Eme Homer City Generation Lp)

AutoNDA by SimpleDocs

Creation of Accounts and Subaccounts. (a) On or prior to the Amendment Date, (i) the Collateral Agent shall establish in the corporate trust department of The Bank of New York, a special, segregated and irrevocable trust account designated the "Xxxxx City Revenue Account" (the "REVENUE ACCOUNTRevenue Account") and (ii) the Collateral Agent EME Homer City shall establish with the Depositary a special and segregated account designated the "Xxxxx City Operating Account" (the "OPERATING ACCOUNTOperating Account").

Appears in 1 contract

Samples: Security Deposit Agreement (Eme Homer City Generation Lp)

Time is Money Join Law Insider Premium to draft better contracts faster.