Common use of Deposit, Commodity, and Securities Accounts Clause in Contracts

Deposit, Commodity, and Securities Accounts. With respect to any Deposit Account, Commodity Account or Securities Account, each Grantor shall (a) maintain such accounts at the institutions described on Schedule 3.8 or such additional institutions as to which such Grantor has complied with clause (b) hereof; (b) deliver to each depository bank and security intermediary, a Control Agreement in form and substance reasonably satisfactory to Administrative Agent, with respect to each such account (other than Excluded Payroll Accounts and such accounts subject to the exemption set forth in Section 6.12(b) of the Credit Agreement) and obtain the execution of such Control Agreements; and (c) deliver to Administrative Agent all certificates or Instruments, if any, now or hereafter representing or evidencing such Deposit Accounts, Commodity Accounts or Securities Accounts (other than Excluded Payroll Accounts and such accounts subject to the exemption set forth in Section 6.12(b) of the Credit Agreement) accompanied by duly executed instruments of transfer or assignments in blank, all in form and substance reasonably satisfactory to Administrative Agent. Without Administrative Agent’s prior written consent, no Grantor shall establish any additional Deposit Accounts, Securities Accounts or Commodities Accounts(other than Excluded Payroll Accounts and such accounts subject to the exemption set forth in Section 6.12(b) of the Credit Agreement) unless such accounts are subject to Administrative Agent’s exclusive Control.