Debtor’s Access to Accounts Sample Clauses

Debtor’s Access to Accounts. Collateral Agent agrees that, until such time as Bank receives written notice in the form of Exhibit A from Collateral Agent of the occurrence of any Event of Default, the Company and the Other Debtors shall be allowed access to the Accounts and the Account Collateral without Collateral Agent's further consent (including, without limitation, presenting items drawn on the Accounts or giving Bank instructions as to the withdrawal or other disposition of any funds from time to time credited to the Accounts); provided, that neither the Company nor the Other Debtors shall be permitted to close any of the Accounts. Upon receipt by Bank of notice by Collateral Agent of the occurrence of an Event of Default, and at all times thereafter, neither the Company nor any of the Other Debtors shall be entitled access to the Accounts or the Account Collateral and the Bank shall not comply with any instructions or directions originated by the Company or any of the Other Debtors or otherwise permit the Company or any of the Other Debtors access to or control over the Accounts or the Account Collateral, including without limitation giving stop payment orders, presenting items for payment or making withdrawals therefrom.
Sample 1
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Debtor’s Access to Accounts. Collateral Agent agrees that, until such time as Bank receives written notice in the form of Exhibit A from Collateral Agent of the occurrence of any Event of Default, the Company shall be allowed full use of, and access to, the Accounts and the Account Collateral without Collateral Agent’s further consent (including, without limitation, presenting items drawn on the Accounts or giving Bank instructions as to the withdrawal or other disposition of any funds from time to time credited to the Accounts); provided, that the Company shall not be permitted to close any of the Accounts. Upon receipt by Bank of notice by Collateral Agent of the occurrence of an Event of Default, and at all times thereafter, the Company shall not be entitled use of, or access to, the Accounts or the Account Collateral and the Bank shall not comply with any instructions or directions originated by the Company or otherwise permit the Company access to or control over the Accounts or the Account Collateral, including without limitation giving stop payment orders, presenting items for payment or making withdrawals therefrom.
Sample 1
Debtor’s Access to Accounts. The Company shall not be permitted to close any of the Accounts. Without Collateral Agent’s express prior written consent, the Company shall not be entitled use of, or access to, the Accounts or the Account Collateral and the Bank shall not comply with any instructions or directions originated by the Company or otherwise permit the Company access to or control over the Accounts or the Account Collateral, including without limitation giving stop payment orders, presenting items for payment or making withdrawals therefrom.
Sample 1

Related to Debtor’s Access to Accounts

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Omnibus Accounts The Custodian may hold Foreign Securities and related Proceeds with one or more Foreign Sub-custodians or Eligible Securities Depositories in each case in a single account with such Sub-custodian or Securities Depository that is identified as belonging to the Custodian for the benefit of its customers; provided however, that the records of the Custodian with respect to Securities and related Proceeds that are property of the Company maintained in such account(s) shall identify by book-entry those Securities and other property as belonging to the Company.

  • Management Accounts The Management Accounts:

  • Deposits to Accounts Deposit or otherwise credit, or cause or permit to be so deposited or credited, or direct any Obligor to deposit or remit, any Collection or proceeds thereof (other than as remitted to Seller pursuant to Section 1.3(a)(ii) hereof) to any account (or related lock-box, if applicable) other than any Lock-Box Account covered by a Lock-Box Agreement.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • Types of Cash Accounts Cash accounts opened on the books of the Custodian (Principal Accounts) shall be opened in the name of the Fund. Such accounts collectively shall be a deposit obligation of the Custodian and shall be subject to the terms of this Section 7 and the general liability provisions contained in Section 9. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund or the Custodian or in the name of the Custodian for its customers generally (Agency Accounts). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the Fund. Accordingly, the Custodian shall be responsible for exercising reasonable care in the administration of such accounts but shall not be liable for their repayment in the event such Subcustodian, by reason of its bankruptcy, insolvency or otherwise, fails to make repayment.

  • Establishment of Collateral Accounts The Custodian hereby confirms and agrees that:

  • Blocked Accounts Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • Cash Accounts, Deposits and Money Movements Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction.

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